Analysts Offer Insights on Materials Companies: Conocophillips (NYSE: COP), Materion (NYSE: MTRN) and Superior Energy (NYSE: SPN)

By Austin Angelo

Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Conocophillips (NYSE: COP), Materion (NYSE: MTRN) and Superior Energy (NYSE: SPN).

Conocophillips (NYSE: COP)

Jefferies analyst Jason Gammel reiterated a Buy rating on Conocophillips (NYSE: COP) on July 28 and set a price target of $59. The company’s shares closed on Friday at $45.26.

According to TipRanks.com, Gammel is a 3-star analyst with an average return of 4.0% and a 59.3% success rate. Gammel covers the Basic Materials sector, focusing on stocks such as Baker Hughes a GE company, Diamond Offshore Drilling, and Oceaneering International.

Currently, the analyst consensus on Conocophillips is Moderate Buy and the average price target is $55.56, representing a 22.8% upside.

In a report issued on July 14, RBC Capital also reiterated a Buy rating on the stock with a $62 price target.
Materion (NYSE: MTRN)

Jefferies analyst Seth Rosenfeld reiterated a Hold rating on Materion (NYSE: MTRN) on July 27 and set a price target of $36. The company’s shares closed on Friday at $39.05, close to its 52-week high of $41.23.

According to TipRanks.com, Rosenfeld is a 4-star analyst with an average return of 7.3% and a 60.6% success rate. Rosenfeld covers the Basic Materials sector, focusing on stocks such as Layne Christensen Company, Worthington Industries, and Peabody Energy Corp.

Materion has an analyst consensus of Hold, with a price target consensus of $36.

Superior Energy (NYSE: SPN)

Jefferies analyst Brad Handler reiterated a Hold rating on Superior Energy (NYSE: SPN) on July 28 and set a price target of $13. The company’s shares closed on Friday at $11.18.

According to TipRanks.com, Handler is ranked 0 out of 5 stars with an average return of -9.7% and a 33.3% success rate. Handler covers the Basic Materials sector, focusing on stocks such as Baker Hughes a GE company, Diamond Offshore Drilling, and Oceaneering International.

Currently, the analyst consensus on Superior Energy is Moderate Buy and the average price target is $14.71, representing a 31.6% upside.

In a report issued on July 26, Barclays also maintained a Hold rating on the stock with a $12 price target.

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