Analysts have been eager to weigh in on the Materials sector with new ratings on Continental Resources (NYSE: CLR) and Marathon Oil (NYSE: MRO).

Continental Resources (NYSE: CLR)

BMO Capital analyst Phillip Jungwirth reiterated a Buy rating on Continental Resources (NYSE: CLR) today and set a price target of $55. The company’s shares closed last Friday at $42.06, close to its 52-week low of $39.30.

According to TipRanks.com, Jungwirth is a 4-star analyst with an average return of 5.5% and a 50.3% success rate. Jungwirth covers the Basic Materials sector, focusing on stocks such as Sanchez Energy Corporation, Rice Midstream Partners, and Jagged Peak Energy Inc.

Currently, the analyst consensus on Continental Resources is Strong Buy and the average price target is $57.20, representing a 36.0% upside.

In a report issued on May 5, Credit Suisse also upgraded the stock to Buy.
Marathon Oil (NYSE: MRO)

BMO Capital analyst Randy Ollenberger reiterated a Hold rating on Marathon Oil (NYSE: MRO) today and set a price target of $18. The company’s shares closed last Friday at $14.33.

According to TipRanks.com, Ollenberger is a 1-star analyst with an average return of -2.1% and a 44.2% success rate. Ollenberger covers the Basic Materials sector, focusing on stocks such as Spectra Energy Partners, Rice Midstream Partners, and Jagged Peak Energy Inc.

Currently, the analyst consensus on Marathon Oil is Moderate Buy and the average price target is $19.27, representing a 34.5% upside.

In a report issued on May 8, Credit Suisse also maintained a Hold rating on the stock with a $20 price target.

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