Analysts Offer Insights on Materials Companies: FMC Corp (NYSE: FMC), Cimarex Energy (NYSE: XEC) and Transocean LTD (NYSE: RIG)

By Jason Carr

Companies in the Materials sector have received a lot of coverage today as analysts weigh in on FMC Corp (NYSE: FMC), Cimarex Energy (NYSE: XEC) and Transocean LTD (NYSE: RIG).

FMC Corp (NYSE: FMC)

Nomura Holdings analyst Aleksey Yefremov reiterated a Hold rating on FMC Corp (NYSE: FMC) today and set a price target of $52. The company’s shares opened today at $48.37, close to its 52-week high of $51.35.

According to TipRanks.com, Yefremov is a 4-star analyst with an average return of 3.4% and a 64.4% success rate. Yefremov covers the Basic Materials sector, focusing on stocks such as Platform Specialty Products, Westlake Chemical Corp., and Axalta Coating Systems.

FMC Corp has an analyst consensus of Moderate Buy, with a price target consensus of $55.

Cimarex Energy (NYSE: XEC)

In a report released today, Lloyd Byrne from Nomura Holdings reiterated a Hold rating on Cimarex Energy (NYSE: XEC), with a price target of $129. The company’s shares opened today at $124.80.

According to TipRanks.com, Byrne is a 4-star analyst with an average return of 8.0% and a 62.5% success rate. Byrne covers the Basic Materials sector, focusing on stocks such as Whiting Petroleum Corp., Continental Resources, and Range Resources Corp.

Cimarex Energy has an analyst consensus of Moderate Buy, with a price target consensus of $134.60.

Transocean LTD (NYSE: RIG)

Nomura Holdings analyst Matthew Johnston reiterated a Sell rating on Transocean LTD (NYSE: RIG) today and set a price target of $7. The company’s shares opened today at $9.67.

According to TipRanks.com, Johnston is a 4-star analyst with an average return of 3.9% and a 59.1% success rate. Johnston covers the Basic Materials sector, focusing on stocks such as Independence Contract Drilling, Diamond Offshore Drilling, and Parker Drilling Company.

Transocean LTD has an analyst consensus of Hold, with a price target consensus of $9.11.