Analysts Conflicted on These Materials Names: Rowan Companies (NYSE: RDC) and Wildhorse Resource Development Corp (NYSE: WRD)

By Jason Carr

Analysts have been eager to weigh in on the Materials sector with new ratings on Rowan Companies (NYSE: RDC) and Wildhorse Resource Development Corp (NYSE: WRD).

Rowan Companies (NYSE: RDC)

Piper Jaffray analyst Ian Macpherson reiterated a Hold rating on Rowan Companies (NYSE: RDC) today and set a price target of $17. The company’s shares opened today at $12.15.

According to TipRanks.com, Macpherson is a 3-star analyst with an average return of 4.7% and a 50.0% success rate. Macpherson covers the Basic Materials sector, focusing on stocks such as Ncs Multistage Holdings Inc, Select Energy Services Inc, and Diamond Offshore Drilling.

Rowan Companies has an analyst consensus of Hold, with a price target consensus of $14.33.

Wildhorse Resource Development Corp (NYSE: WRD)

Piper Jaffray analyst Kashy Harrison reiterated a Buy rating on Wildhorse Resource Development Corp (NYSE: WRD) yesterday and set a price target of $31. The company’s shares opened today at $16.42.

According to TipRanks.com, Harrison is ranked 0 out of 5 stars with an average return of -16.6% and a 17.6% success rate. Harrison covers the Basic Materials sector, focusing on stocks such as Sanchez Energy Corporation, Whiting Petroleum Corp, and Continental Resources.

Wildhorse Resource Development Corp has an analyst consensus of Moderate Buy, with a price target consensus of $26.

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