Analysts Conflicted on These Materials Names: Gastar Exploration (NYSE MKT: GST) and Baker Hughes a GE company (NYSE: BHGE)

By Carrie Williams

Analysts have been eager to weigh in on the Materials sector with new ratings on Gastar Exploration (NYSE MKT: GST) and Baker Hughes a GE company (NYSE: BHGE).

Gastar Exploration (NYSE MKT: GST)

Imperial Capital analyst Jason Wangler maintained a Hold rating on Gastar Exploration (NYSE MKT: GST) today and set a price target of $1.50. The company’s shares opened today at $1.25.

According to TipRanks.com, Wangler is ranked 0 out of 5 stars with an average return of -5.9% and a 38.8% success rate. Wangler covers the Basic Materials sector, focusing on stocks such as Centennial Resource Development Inc, Solaris Oilfield Infrastructure Inc, and Dawson Geophysical Company.

Currently, the analyst consensus on Gastar Exploration is Hold and the average price target is $1.50, representing a 20.0% upside.

In a report released today, Williams Capital also reiterated a Hold rating on the stock with a $1.50 price target.
Baker Hughes a GE company (NYSE: BHGE)

In a report released today, David Anderson from Barclays maintained a Buy rating on Baker Hughes a GE company (NYSE: BHGE), with a price target of $38. The company’s shares opened today at $32.74.

According to TipRanks.com, Anderson is a 1-star analyst with an average return of -2.3% and a 42.0% success rate. Anderson covers the Basic Materials sector, focusing on stocks such as Ranger Energy Services Inc, Diamond Offshore Drilling, and Oceaneering International.

Currently, the analyst consensus on Baker Hughes a GE company is Moderate Buy and the average price target is $36.20, representing a 10.6% upside.

In a report issued on January 11, Cowen & Co. also reiterated a Buy rating on the stock with a $55 price target.

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