Analysts’ Top Materials Picks: CDE, OAS

By Carrie Williams

There’s a lot to be optimistic about in the Materials sector as 3 analysts just weighed in on Coeur Mining (NYSE: CDE), Oasis Petroleum Inc (NYSE: OAS) and Kinder Morgan (NYSE: KMI) with bullish sentiments.

Coeur Mining (NYSE: CDE)

In a report issued on September 11, Andrew Kaip from BMO Capital reiterated a Buy rating on Coeur Mining (NYSE: CDE), with a price target of $11. The company’s shares opened today at $9.35.

According to TipRanks.com, Kaip is a 1-star analyst with an average return of -2.7% and a 34.6% success rate. Kaip covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals Corp, Newmont Mining Corporation, and Endeavour Silver Corp.

Currently, the analyst consensus on Coeur Mining is Strong Buy and the average price target is $11.94, representing a 27.7% upside.

In a report issued on September 7, Canaccord Genuity also assigned a Buy rating to the stock with a $11.75 price target.
Oasis Petroleum Inc (NYSE: OAS)

In a report released yesterday, Dan McSpirit from BMO Capital reiterated a Buy rating on Oasis Petroleum Inc (NYSE: OAS), with a price target of $11. The company’s shares opened today at $7.59, close to its 52-week low of $6.69.

According to TipRanks.com, McSpirit is ranked 0 out of 5 stars with an average return of -6.6% and a 32.7% success rate. McSpirit covers the Basic Materials sector, focusing on stocks such as Wildhorse Resource Development Corp, Sanchez Energy Corporation, and Jagged Peak Energy Inc.

Currently, the analyst consensus on Oasis Petroleum Inc is Moderate Buy and the average price target is $11.06, representing a 45.7% upside.

In a report issued on August 29, Jefferies also reiterated a Buy rating on the stock with a $13 price target.
Kinder Morgan (NYSE: KMI)

In a report issued on September 11, Danilo Juvane from BMO Capital reiterated a Buy rating on Kinder Morgan (NYSE: KMI), with a price target of $26. The company’s shares opened today at $19.36.

According to TipRanks.com, Juvane is a 4-star analyst with an average return of 6.5% and a 64.0% success rate. Juvane covers the Basic Materials sector, focusing on stocks such as Enterprise Products Partners LP, Energy Transfer Partners LP, and Spectra Energy Partners.

Kinder Morgan has an analyst consensus of Moderate Buy, with a price target consensus of $23.86.

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