Analysts Conflicted on These Materials Names: Phillips 66 Partners (NYSE: PSXP), Eclipse Resources (NYSE: ECR) and Diamond Offshore Drilling (NYSE: DO)

By Jason Carr

Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Phillips 66 Partners (NYSE: PSXP), Eclipse Resources (NYSE: ECR) and Diamond Offshore Drilling (NYSE: DO).

Phillips 66 Partners (NYSE: PSXP)

RBC Capital analyst T J Schultz reiterated a Buy rating on Phillips 66 Partners (NYSE: PSXP) on March 10 and set a price target of $63. The company’s shares opened today at $51.68.

According to TipRanks.com, Schultz is a top 25 analyst with an average return of 26.6% and a 77.4% success rate. Schultz covers the Basic Materials sector, focusing on stocks such as American Midstreampartners Lp, Sanchez Production Partners, and Calumet Specialty Products.

Phillips 66 Partners has an analyst consensus of Moderate Buy, with a price target consensus of $59.67.

Eclipse Resources (NYSE: ECR)

In a report issued on March 9, Scott Hanold from RBC Capital reiterated a Buy rating on Eclipse Resources (NYSE: ECR), with a price target of $4. The company’s shares opened today at $2.25.

According to TipRanks.com, Hanold is a 5-star analyst with an average return of 9.4% and a 50.8% success rate. Hanold covers the Basic Materials sector, focusing on stocks such as Contango Oil & Gas Company, Sanchez Energy Corporation, and Quicksilver Resources Inc.

Eclipse Resources has an analyst consensus of Moderate Buy, with a price target consensus of $4.

Diamond Offshore Drilling (NYSE: DO)

In a report issued on March 10, Kurt Hallead from RBC Capital reiterated a Sell rating on Diamond Offshore Drilling (NYSE: DO), with a price target of $18. The company’s shares opened today at $14.90, close to its 52-week low of $14.48.

According to TipRanks.com, Hallead is a 5-star analyst with an average return of 12.0% and a 58.6% success rate. Hallead covers the Basic Materials sector, focusing on stocks such as Independence Contract Drilling, Oceaneering International, and Oil States International.

Diamond Offshore Drilling has an analyst consensus of Moderate Sell, with a price target consensus of $16.

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