Analysts Are Bullish on These Materials Stocks: Tenaris SA (TS), Parsley Energy (PE)

By Carrie Williams

There’s a lot to be optimistic about in the Materials sector as 3 analysts just weighed in on Tenaris SA (TSResearch Report), Parsley Energy (PEResearch Report) and Energy Transfer LP (ETResearch Report) with bullish sentiments.

Tenaris SA (TS)

Morgan Stanley analyst Robert Pulleyn maintained a Buy rating on Tenaris SA today and set a price target of $29.00. The company’s shares closed last Monday at $20.08, close to its 52-week low of $19.96.

According to TipRanks.com, Pulleyn is ranked #4578 out of 5540 analysts.

Tenaris SA has an analyst consensus of Strong Buy, with a price target consensus of $30.75.

See today’s analyst top recommended stocks >>

Parsley Energy (PE)

In a report released today, Joseph Allman from Robert W. Baird maintained a Buy rating on Parsley Energy, with a price target of $19.00. The company’s shares closed last Monday at $16.02, close to its 52-week low of $13.72.

According to TipRanks.com, Allman is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -14.2% and a 24.6% success rate. Allman covers the Basic Materials sector, focusing on stocks such as CNX Resources Corporation, Pioneer Natural, and SM Energy.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Parsley Energy with a $23.92 average price target, representing a 51.3% upside. In a report issued on September 23, Citigroup also maintained a Buy rating on the stock with a $25.00 price target.

Energy Transfer LP (ET)

Robert W. Baird analyst Ethan Bellamy maintained a Buy rating on Energy Transfer LP today and set a price target of $18.00. The company’s shares closed last Monday at $12.46, close to its 52-week low of $11.68.

According to TipRanks.com, Bellamy is ranked #4826 out of 5540 analysts.

Energy Transfer LP has an analyst consensus of Strong Buy, with a price target consensus of $20.43.

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.