Analysts Offer Insights on Materials Companies: Marathon Oil (NYSE: MRO), Hornbeck (NYSE: HOS) and Ryerson Holdings (NYSE: RYI)

By Carrie Williams

Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Marathon Oil (NYSE: MRO), Hornbeck (NYSE: HOS) and Ryerson Holdings (NYSE: RYI).

Marathon Oil (NYSE: MRO)

Merrill Lynch analyst Doug Leggate reiterated a Buy rating on Marathon Oil (NYSE: MRO) yesterday and set a price target of $21. The company’s shares opened today at $13.77.

According to TipRanks.com, Leggate is ranked 0 out of 5 stars with an average return of -5.9% and a 38.6% success rate. Leggate covers the Basic Materials sector, focusing on stocks such as Continental Resources, California Resources, and Occidental Petroleum.

Marathon Oil has an analyst consensus of Moderate Buy, with a price target consensus of $17.

Hornbeck (NYSE: HOS)

In a report released today, Gregory Lewis from Credit Suisse reiterated a Hold rating on Hornbeck (NYSE: HOS), with a price target of $4. The company’s shares opened today at $3.52, close to its 52-week low of $3.

Lewis said:

“We expect a bottom in the floater fleet at the end of 2017/early 2018 and believe OSV utilization and pricing to continue downwards until then.”

According to TipRanks.com, Lewis is ranked 0 out of 5 stars with an average return of -7.4% and a 40.9% success rate. Lewis covers the Services sector, focusing on stocks such as Navios Maritime Midstream, Nordic American Offshore, and Dynagas LNG Partners.

Hornbeck has an analyst consensus of Moderate Sell, with a price target consensus of $6.

Ryerson Holdings (NYSE: RYI)

In a report released yesterday, Michael Gambardella from J.P. Morgan reiterated a Hold rating on Ryerson Holdings (NYSE: RYI). The company’s shares opened today at $9.35.

According to TipRanks.com, Gambardella is a 4-star analyst with an average return of 9.5% and a 54.2% success rate. Gambardella covers the Basic Materials sector, focusing on stocks such as Commercial Metals Company, Worthington Industries, and Kaiser Aluminum Corp.

Ryerson Holdings has an analyst consensus of Hold.