Analysts Are Bullish on These Materials Stocks: MCF, KGC

By Austin Angelo

There’s a lot to be optimistic about in the Materials sector as 3 analysts just weighed in on Contango Oil & Gas Company (NYSE MKT: MCF), Kinross Gold (NYSE: KGC) and Ncs Multistage Holdings Inc (NASDAQ: NCSM) with bullish sentiments.

Contango Oil & Gas Company (NYSE MKT: MCF)

RBC Capital analyst Brad Heffern reiterated a Buy rating on Contango Oil & Gas Company (NYSE MKT: MCF) on March 12 and set a price target of $5.50. The company’s shares opened today at $3.63.

According to TipRanks.com, Heffern is a 5-star analyst with an average return of 18.8% and a 71.4% success rate. Heffern covers the Basic Materials sector, focusing on stocks such as Sanchez Energy Corporation, Approach Resources Inc, and Continental Resources.

Contango Oil & Gas Company has an analyst consensus of Moderate Buy, with a price target consensus of $4.75.

Kinross Gold (NYSE: KGC)

RBC Capital analyst Stephen Walker reiterated a Buy rating on Kinross Gold (NYSE: KGC) on March 12 and set a price target of $5. The company’s shares opened today at $3.65.

According to TipRanks.com, Walker is a 5-star analyst with an average return of 10.8% and a 51.9% success rate. Walker covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals Corp, Newmont Mining Corporation, and Novagold Resources Inc New.

Kinross Gold has an analyst consensus of Moderate Buy, with a price target consensus of $4.88.

Ncs Multistage Holdings Inc (NASDAQ: NCSM)

RBC Capital analyst Kurt Hallead reiterated a Buy rating on Ncs Multistage Holdings Inc (NASDAQ: NCSM) on March 12 and set a price target of $20. The company’s shares opened today at $15.96, close to its 52-week low of $13.85.

According to TipRanks.com, Hallead is a 3-star analyst with an average return of 2.9% and a 43.7% success rate. Hallead covers the Basic Materials sector, focusing on stocks such as Enterprise Products Partners LP, Independence Contract Drilling, and Baker Hughes a GE company.

Ncs Multistage Holdings Inc has an analyst consensus of Strong Buy, with a price target consensus of $20.67.

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.