Analysts Offer Insights on Materials Companies: Hi-Crush Partners (NYSE: HCLP) and Transocean LTD (NYSE: RIG)

By Ryan Adsit

Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Hi-Crush Partners (NYSE: HCLP) and Transocean LTD (NYSE: RIG).

Hi-Crush Partners (NYSE: HCLP)

In a report released yesterday, John Watson from Piper Jaffray reiterated a Buy rating on Hi-Crush Partners (NYSE: HCLP), with a price target of $12.25. The company’s shares closed yesterday at $11.05.

According to TipRanks.com, Watson is a 1-star analyst with an average return of -1.1% and a 31.3% success rate. Watson covers the Basic Materials sector, focusing on stocks such as Solaris Oilfield Infrastructure Inc, Tetra Technologies, and US Silica Holdings.

Hi-Crush Partners has an analyst consensus of Strong Buy, with a price target consensus of $17.65.

Transocean LTD (NYSE: RIG)

In a report released yesterday, Ian Macpherson from Piper Jaffray reiterated a Hold rating on Transocean LTD (NYSE: RIG), with a price target of $10.85. The company’s shares closed yesterday at $9.85.

According to TipRanks.com, Macpherson is a 3-star analyst with an average return of 4.6% and a 49.2% success rate. Macpherson covers the Basic Materials sector, focusing on stocks such as Select Energy Services Inc, Diamond Offshore Drilling, and Oceaneering International.

Currently, the analyst consensus on Transocean LTD is Moderate Buy and the average price target is $11.94, representing a 21.2% upside.

In a report issued on March 15, Cowen & Co. also reiterated a Hold rating on the stock with a $10 price target.

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