Analysts’ Opinions Are Mixed on These Materials Stocks: Encana Corp. (NYSE: ECA), Clayton Williams Energy (NYSE: CWEI) and Cheniere Energy (NYSE MKT: CQP)

By Ryan Adsit

Analysts have been eager to weigh in on the Materials sector with new ratings on Encana Corp. (NYSE: ECA), Clayton Williams Energy (NYSE: CWEI) and Cheniere Energy (NYSE MKT: CQP).

Encana Corp. (NYSE: ECA)

In a report released today, John Gerdes from KLR Group upgraded Encana Corp. (NYSE: ECA) to Buy. The company’s shares closed last Friday at $9.80.

According to TipRanks.com, Gerdes is a 4-star analyst with an average return of 4.0% and a 51.1% success rate. Gerdes covers the Basic Materials sector, focusing on stocks such as Sanchez Energy Corporation, Whiting Petroleum Corp., and Rosetta Resources Inc.

Currently, the analyst consensus on Encana Corp. is Strong Buy and the average price target is $13.60, representing a 38.8% upside.

In a report issued on November 4, RBC Capital also upgraded the stock to Buy with a $13 price target.
Clayton Williams Energy (NYSE: CWEI)

Wunderlich analyst Vedran Vuk reiterated a Hold rating on Clayton Williams Energy (NYSE: CWEI) today and set a price target of $90. The company’s shares closed last Friday at $100.94, close to its 52-week high of $102.65.

According to TipRanks.com, Vuk is a 2-star analyst with an average return of 0.2% and a 25.0% success rate. Vuk covers the Basic Materials sector, focusing on stocks such as Approach Resources Inc., Oasis Petroleum Inc., and Parsley Energy.

Clayton Williams Energy has an analyst consensus of Hold.

Cheniere Energy (NYSE MKT: CQP)

Credit Suisse analyst Bhavesh Lodaya reiterated a Buy rating on Cheniere Energy (NYSE MKT: CQP) on November 4 and set a price target of $35. The company’s shares closed last Friday at $26.63.

According to TipRanks.com, Lodaya is a 1-star analyst with an average return of -5.8% and a 10.0% success rate. Lodaya covers the Basic Materials sector, focusing on stocks such as Western Refining Logistics, Archrock Partners, L.P., and Valero Energy Partners.

Cheniere Energy has an analyst consensus of Moderate Buy.