Analysts Offer Insights on Materials Companies: Diamondback (NASDAQ: FANG), Denbury Resources (NYSE: DNR) and Pacific Coast Oil (NYSE: ROYT)

By Austin Angelo

Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Diamondback (NASDAQ: FANG), Denbury Resources (NYSE: DNR) and Pacific Coast Oil (NYSE: ROYT).

Diamondback (NASDAQ: FANG)

Stifel Nicolaus analyst Derrick Whitfield reiterated a Buy rating on Diamondback (NASDAQ: FANG) on May 23 and set a price target of $129. The company’s shares closed yesterday at $98.41.

According to TipRanks.com, Whitfield is ranked 0 out of 5 stars with an average return of -6.3% and a 47.9% success rate. Whitfield covers the Basic Materials sector, focusing on stocks such as Contango Oil & Gas Company, Sanchez Energy Corporation, and Abraxas Petroleum Corp.

Currently, the analyst consensus on Diamondback is Moderate Buy and the average price target is $126.88, representing a 28.9% upside.

In a report issued on May 8, Roth Capital also reiterated a Buy rating on the stock with a $130 price target.
Denbury Resources (NYSE: DNR)

Stifel Nicolaus analyst Michael Scialla reiterated a Hold rating on Denbury Resources (NYSE: DNR) on May 23 and set a price target of $2.50. The company’s shares closed yesterday at $1.75, close to its 52-week low of $1.68.

According to TipRanks.com, Scialla is ranked 0 out of 5 stars with an average return of -9.7% and a 41.3% success rate. Scialla covers the Basic Materials sector, focusing on stocks such as Sanchez Energy Corporation, Quicksilver Resources Inc, and Abraxas Petroleum Corp.

Currently, the analyst consensus on Denbury Resources is Hold and the average price target is $2.88, representing a 64.6% upside.

In a report issued on May 15, BMO Capital also reiterated a Hold rating on the stock with a $3 price target.
Pacific Coast Oil (NYSE: ROYT)

Stifel Nicolaus analyst Brian Brungardt reiterated a Buy rating on Pacific Coast Oil (NYSE: ROYT) on May 23 and set a price target of $2. The company’s shares closed yesterday at $1.97.

According to TipRanks.com, Brungardt is ranked 0 out of 5 stars with an average return of -14.6% and a 40.0% success rate. Brungardt covers the Basic Materials sector, focusing on stocks such as Vanguard Natural Resources LLC, Antero Midstream Partners, and EnLink Midstream Partners.

Pacific Coast Oil has an analyst consensus of Moderate Buy, with a price target consensus of $2.

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