Analysts Are Bullish on These Materials Stocks: Devon Energy Corp (DVN), Delek US Holdings (DK)

By Austin Angelo

There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Devon Energy Corp (NYSE:DVN) and Delek US Holdings (NYSE:DK) with bullish sentiments.

Devon Energy Corp (DVN)

RBC Capital analyst Scott Hanold reiterated a Buy rating on Devon Energy Corp on July 9 and set a price target of $53. The company’s shares closed yesterday at $43.93, close to its 52-week high of $46.54.

According to TipRanks.com, Hanold is a 4-star analyst with an average return of 4.2% and a 49.3% success rate. Hanold covers the Basic Materials sector, focusing on stocks such as Centennial Resource Development Inc, Contango Oil & Gas Company, and Continental Resources.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Devon Energy Corp with a $50.44 average price target.

See today’s analyst top recommended stocks >>

Delek US Holdings (DK)

In a report issued on July 11, Brad Heffern from RBC Capital reiterated a Buy rating on Delek US Holdings, with a price target of $58. The company’s shares closed yesterday at $47.36.

According to TipRanks.com, Heffern is a top 100 analyst with an average return of 31.5% and a 78.7% success rate. Heffern covers the Basic Materials sector, focusing on stocks such as Marathon Petroleum Corporation, Contango Oil & Gas Company, and Sanchez Energy Corporation.

Currently, the analyst consensus on Delek US Holdings is a Strong Buy with an average price target of $59.25.

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