Analysts Have Conflicting Sentiments on These Materials Companies: Stone Energy (NYSE: SGY) and Noble Corp (NYSE: NE)

By George MacDonald

Analysts have been eager to weigh in on the Materials sector with new ratings on Stone Energy (NYSE: SGY) and Noble Corp (NYSE: NE).

Stone Energy (NYSE: SGY)

In a report released today, David Kistler from Piper Jaffray downgraded Stone Energy Corp. (NYSE: SGY) to Sell. The company’s shares closed yesterday at $2.92, close to its 52-week low of $1.26.

Stone Energy Corp. has an analyst consensus of Hold.

Noble Corp (NYSE: NE)

RBC Capital analyst Robert Pinkard maintained a Hold rating on Noble Corp (NYSE: NE) today and set a price target of $12. The company’s shares closed yesterday at $11.02.

Noble Corp has an analyst consensus of Hold, with a price target consensus of $6.