Analysts Offer Insights on Materials Companies: Helmerich & Payne (NYSE: HP), Boise Cascade (NYSE: BCC) and Enterprise Products Partners LP (NYSE: EPD)

By Austin Angelo

Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Helmerich & Payne (NYSE: HP), Boise Cascade (NYSE: BCC) and Enterprise Products Partners LP (NYSE: EPD).

Helmerich & Payne (NYSE: HP)

BMO Capital analyst Daniel Boyd reiterated a Sell rating on Helmerich & Payne (NYSE: HP) on October 11 and set a price target of $40. The company’s shares closed yesterday at $51.03.

According to TipRanks.com, Boyd is a 2-star analyst with an average return of 0.8% and a 52.2% success rate. Boyd covers the Basic Materials sector, focusing on stocks such as Baker Hughes a GE company, Diamond Offshore Drilling, and Oil States International.

Helmerich & Payne has an analyst consensus of Moderate Sell, with a price target consensus of $46.43.

Boise Cascade (NYSE: BCC)

In a report issued on October 11, Mark Wilde from BMO Capital reiterated a Hold rating on Boise Cascade (NYSE: BCC), with a price target of $33. The company’s shares closed yesterday at $34.90, close to its 52-week high of $35.80.

According to TipRanks.com, Wilde is a 5-star analyst with an average return of 12.4% and a 76.6% success rate. Wilde covers the Consumer Goods sector, focusing on stocks such as Multi Packaging Solutions, International Paper Co, and Graphic Packaging.

Currently, the analyst consensus on Boise Cascade is Hold and the average price target is $39.67, representing a 13.7% upside.

In a report issued on October 2, Merrill Lynch also downgraded the stock to Hold with a $36 price target.
Enterprise Products Partners LP (NYSE: EPD)

BMO Capital analyst Danilo Juvane reiterated a Buy rating on Enterprise Products Partners LP (NYSE: EPD) yesterday and set a price target of $33. The company’s shares closed yesterday at $26.66.

According to TipRanks.com, Juvane is a 3-star analyst with an average return of 6.2% and a 67.9% success rate. Juvane covers the Basic Materials sector, focusing on stocks such as Energy Transfer Partners LP, Spectra Energy Partners, and Targa Resources Corp.

Currently, the analyst consensus on Enterprise Products Partners LP is Strong Buy and the average price target is $31.86, representing a 19.5% upside.

In a report issued on October 2, Jefferies also reiterated a Buy rating on the stock with a $30 price target.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.