Analysts’ Opinions Are Mixed on These Materials Stocks: Schlumberger (NYSE: SLB) and Worthington Industries (NYSE: WOR)

By Austin Angelo

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

Schlumberger (NYSE: SLB)

In a report released today, Jason Gammel from Jefferies reiterated a Buy rating on Schlumberger (NYSE: SLB), with a price target of $92. The company’s shares closed yesterday at $65.38, close to its 52-week high of $87.84.

According to TipRanks.com, Gammel is a 3-star analyst with an average return of 3.3% and a 53.9% success rate. Gammel covers the Basic Materials sector, focusing on stocks such as Diamond Offshore Drilling, Oceaneering International, and Amec Foster Wheeler plc.

Currently, the analyst consensus on Schlumberger is Strong Buy and the average price target is $88.36, representing a 35.1% upside.

In a report issued on June 16, UBS also maintained a Buy rating on the stock with a $90 price target.
Worthington Industries (NYSE: WOR)

In a report released yesterday, Seth Rosenfeld from Jefferies reiterated a Hold rating on Worthington Industries (NYSE: WOR), with a price target of $47. The company’s shares closed yesterday at $47.76.

According to TipRanks.com, Rosenfeld is a 4-star analyst with an average return of 7.2% and a 62.2% success rate. Rosenfeld covers the Basic Materials sector, focusing on stocks such as Layne Christensen Company, Peabody Energy Corp, and United States Steel.

Worthington Industries has an analyst consensus of Hold, with a price target consensus of $47.

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