Analysts Conflicted on These Materials Names: PBF Energy (NYSE: PBF) and Schlumberger (NYSE: SLB)

By Ryan Adsit

Analysts have been eager to weigh in on the Materials sector with new ratings on PBF Energy (NYSE: PBF) and Schlumberger (NYSE: SLB).

PBF Energy (NYSE: PBF)

RBC Capital analyst Brad Heffern reiterated a Hold rating on PBF Energy (NYSE: PBF) today and set a price target of $22. The company’s shares opened today at $19.51, close to its 52-week low of $18.48.

According to TipRanks.com, Heffern is a 4-star analyst with an average return of 8.0% and a 60.0% success rate. Heffern covers the Basic Materials sector, focusing on stocks such as Calumet Specialty Products, Gulfport Energy Corp, and Hollyfrontier Corp.

PBF Energy has an analyst consensus of Hold, with a price target consensus of $23.25.

Schlumberger (NYSE: SLB)

In a report released today, Kurt Hallead from RBC Capital reiterated a Buy rating on Schlumberger (NYSE: SLB), with a price target of $103. The company’s shares opened today at $69.67, close to its 52-week low of $68.23.

According to TipRanks.com, Hallead is a 4-star analyst with an average return of 6.0% and a 46.8% success rate. Hallead covers the Basic Materials sector, focusing on stocks such as Independence Contract Drilling, Energy Transfer Partners LP, and Diamond Offshore Drilling.

Currently, the analyst consensus on Schlumberger is Strong Buy and the average price target is $94, representing a 34.9% upside.

In a report issued on May 25, Jefferies also reiterated a Buy rating on the stock with a $92 price target.

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