Analysts Offer Insights on Materials Companies: Laredo Petroleum (NYSE: LPI), QEP Resources (NYSE: QEP) and CF Industries (NYSE: CF)

By Ryan Adsit

Analysts have been eager to weigh in on the Materials sector with new ratings on Laredo Petroleum (NYSE: LPI), QEP Resources (NYSE: QEP) and CF Industries (NYSE: CF).

Laredo Petroleum (NYSE: LPI)

Barclays analyst Jeffrey Robertson maintained a Buy rating on Laredo Petroleum (NYSE: LPI) yesterday and set a price target of $18. The company’s shares opened today at $12.93.

According to TipRanks.com, Robertson is a 4-star analyst with an average return of 3.3% and a 46.4% success rate. Robertson covers the Basic Materials sector, focusing on stocks such as Quicksilver Resources Inc, Whiting Petroleum Corp, and Gulfport Energy Corp.

Currently, the analyst consensus on Laredo Petroleum is Moderate Buy and the average price target is $17.67, representing a 36.7% upside.

In a report issued on April 12, Stifel Nicolaus also initiated coverage with a Buy rating on the stock with a $18 price target.
QEP Resources (NYSE: QEP)

In a report released yesterday, Thomas Driscoll from Barclays maintained a Buy rating on QEP Resources (NYSE: QEP), with a price target of $16. The company’s shares opened today at $10.99.

According to TipRanks.com, Driscoll is a 4-star analyst with an average return of 4.2% and a 53.9% success rate. Driscoll covers the Basic Materials sector, focusing on stocks such as Quicksilver Resources Inc, Continental Resources, and Occidental Petroleum.

Currently, the analyst consensus on QEP Resources is Strong Buy and the average price target is $17.33, representing a 57.7% upside.

In a report issued on April 12, Stifel Nicolaus also initiated coverage with a Buy rating on the stock with a $21 price target.
CF Industries (NYSE: CF)

In a report released yesterday, Matthew Korn from Barclays maintained a Hold rating on CF Industries (NYSE: CF), with a price target of $32. The company’s shares opened today at $26.58.

According to TipRanks.com, Korn is ranked 0 out of 5 stars with an average return of -6.6% and a 51.9% success rate. Korn covers the Basic Materials sector, focusing on stocks such as Newmont Mining Corporation, Teck Resources Limited, and Cloud Peak Energy Inc.

CF Industries has an analyst consensus of Moderate Buy, with a price target consensus of $38.

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