Analysts Conflicted on These Materials Names: Helmerich & Payne (NYSE: HP) and NGL Energy Partners (NYSE: NGL)

By Carrie Williams

Analysts have been eager to weigh in on the Materials sector with new ratings on Helmerich & Payne (NYSE: HP) and NGL Energy Partners (NYSE: NGL).

Helmerich & Payne (NYSE: HP)

In a report released yesterday, Kurt Hallead from RBC Capital reiterated a Hold rating on Helmerich & Payne (NYSE: HP), with a price target of $80. The company’s shares opened today at $54.38, close to its 52-week low of $52.95.

According to TipRanks.com, Hallead is a 4-star analyst with an average return of 6.9% and a 47.5% success rate. Hallead covers the Basic Materials sector, focusing on stocks such as Independence Contract Drilling, Energy Transfer Partners LP, and Diamond Offshore Drilling.

Helmerich & Payne has an analyst consensus of Hold, with a price target consensus of $69.50.

NGL Energy Partners (NYSE: NGL)

RBC Capital analyst T J Schultz reiterated a Buy rating on NGL Energy Partners (NYSE: NGL) today and set a price target of $20. The company’s shares opened today at $14.35, close to its 52-week low of $12.95.

According to TipRanks.com, Schultz is a top 25 analyst with an average return of 18.1% and a 72.8% success rate. Schultz covers the Basic Materials sector, focusing on stocks such as American Midstreampartners Lp, Energy Transfer Partners LP, and Sanchez Production Partners.

NGL Energy Partners has an analyst consensus of Moderate Buy, with a price target consensus of $20.

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.