Analysts Offer Insights on Materials Companies: Synergy Resources (NYSE: SRCI) and Kinder Morgan (NYSE: KMI)

By Carrie Williams

Analysts have been eager to weigh in on the Materials sector with new ratings on Synergy Resources (NYSE: SRCI) and Kinder Morgan (NYSE: KMI).

Synergy Resources (NYSE: SRCI)

BMO Capital analyst Dan McSpirit reiterated a Hold rating on Synergy Resources (NYSE: SRCI) yesterday and set a price target of $9. The company’s shares closed yesterday at $6.58, close to its 52-week low of $5.87.

According to TipRanks.com, McSpirit is ranked 0 out of 5 stars with an average return of -4.7% and a 34.7% success rate. McSpirit covers the Basic Materials sector, focusing on stocks such as Sanchez Energy Corporation, Jagged Peak Energy Inc, and Range Resources Corp.

Synergy Resources has an analyst consensus of Strong Buy, with a price target consensus of $10.60.

Kinder Morgan (NYSE: KMI)

In a report released yesterday, Danilo Juvane from BMO Capital reiterated a Buy rating on Kinder Morgan (NYSE: KMI), with a price target of $26. The company’s shares closed yesterday at $18.52.

According to TipRanks.com, Juvane is a 3-star analyst with an average return of 3.8% and a 43.6% success rate. Juvane covers the Basic Materials sector, focusing on stocks such as Energy Transfer Partners LP, Spectra Energy Partners, and Targa Resources Corp.

Kinder Morgan has an analyst consensus of Moderate Buy, with a price target consensus of $24.50.

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