Analysts Offer Insights on Materials Companies: Cenovus Energy Inc (NYSE: CVE) and Gulfport Energy Corp (NASDAQ: GPOR)

By Carrie Williams

Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Cenovus Energy Inc (NYSE: CVE) and Gulfport Energy Corp (NASDAQ: GPOR).

Cenovus Energy Inc (NYSE: CVE)

Cenovus Energy Inc (NYSE: CVE) received a Sell rating from Macquarie analyst Brian Bagnell today. The company’s shares opened today at $7.21, close to its 52-week low of $6.86.

Cenovus Energy Inc has an analyst consensus of Moderate Buy.

Gulfport Energy Corp (NASDAQ: GPOR)

Piper Jaffray analyst Pearce Hammond resumed coverage with a Buy rating on Gulfport Energy Corp (NASDAQ: GPOR) today. The company’s shares opened today at $12.78, close to its 52-week low of $12.47.

According to TipRanks.com, Hammond is ranked 0 out of 5 stars with an average return of -18.2% and a 10.5% success rate. Hammond covers the Basic Materials sector, focusing on stocks such as Whiting Petroleum Corp, Range Resources Corp, and Oasis Petroleum Inc.

Gulfport Energy Corp has an analyst consensus of Moderate Buy, with a price target consensus of $25.14.

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