Analysts Offer Insights on Materials Companies: Devon Energy Corp (NYSE: DVN), EnLink Midstream Partners (NYSE: ENLK) and Select Energy Services Inc (NYSE: WTTR)

By Jason Carr

Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Devon Energy Corp (DVNResearch Report), EnLink Midstream Partners (ENLKResearch Report) and Select Energy Services Inc (WTTRResearch Report).

Devon Energy Corp (DVN)

In a report released today, Scott Hanold from RBC Capital maintained a Buy rating on Devon Energy Corp, with a price target of $56. The company’s shares opened today at $33.65.

According to TipRanks.com, Hanold has currently no stars on a ranking scale of 0-5 stars, with an average return of -2.3% and a 40.2% success rate. Hanold covers the Basic Materials sector, focusing on stocks such as Centennial Resource Development Inc, Contango Oil & Gas Company, and Continental Resources.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Devon Energy Corp with a $47.60 average price target, implying a 41.5% upside from current levels. In a report released yesterday, Credit Suisse also maintained a Buy rating on the stock with a $45 price target.

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EnLink Midstream Partners (ENLK)

In a report released today, T J Schultz from RBC Capital maintained a Hold rating on EnLink Midstream Partners, with a price target of $17. The company’s shares opened today at $14.33.

According to TipRanks.com, Schultz is a top 100 analyst with an average return of 19.6% and a 67.8% success rate. Schultz covers the Basic Materials sector, focusing on stocks such as Sanchez Midstream Partners LP, Valero Energy Partners, and Andeavor Logistics LP.

Currently, the analyst consensus on EnLink Midstream Partners is a Hold with an average price target of $18.13, which is a 26.5% upside from current levels. In a report released today, Stifel Nicolaus also downgraded the stock to Hold with a $14 price target.

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Select Energy Services Inc (WTTR)

Wells Fargo analyst Judson Bailey maintained a Buy rating on Select Energy Services Inc today and set a price target of $15. The company’s shares opened today at $11.20, close to its 52-week low of $9.11.

According to TipRanks.com, Bailey is a 3-star analyst with an average return of 2.6% and a 33.9% success rate. Bailey covers the Basic Materials sector, focusing on stocks such as Ncs Multistage Holdings Inc, Baker Hughes a GE company, and Oceaneering International.

Currently, the analyst consensus on Select Energy Services Inc is a Strong Buy with an average price target of $19.10, a 70.5% upside from current levels. In a report released today, Piper Jaffray also maintained a Buy rating on the stock with a $16.50 price target.

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