Analysts Offer Insights on Materials Companies: NGL Energy Partners (NYSE: NGL) and Abeona Therapeutics (NASDAQ: ABEO)

By Jason Carr

Companies in the Materials sector have received a lot of coverage today as analysts weigh in on NGL Energy Partners (NYSE: NGL) and Abeona Therapeutics (NASDAQ: ABEO).

NGL Energy Partners (NYSE: NGL)

In a report released yesterday, Robert Balsamo from FBR Capital reiterated a Hold rating on NGL Energy Partners (NYSE: NGL). The company’s shares opened today at $14.35, close to its 52-week low of $12.95.

According to TipRanks.com, Balsamo is a 1-star analyst with an average return of -2.6% and a 55.1% success rate. Balsamo covers the Basic Materials sector, focusing on stocks such as Calumet Specialty Products, Dcp Midstream Partners Lp, and EnLink Midstream Partners.

NGL Energy Partners has an analyst consensus of Moderate Buy, with a price target consensus of $20.

Abeona Therapeutics (NASDAQ: ABEO)

FBR Capital analyst Vernon Bernardino reiterated a Buy rating on Abeona Therapeutics (NASDAQ: ABEO) yesterday. The company’s shares opened today at $5.75.

According to TipRanks.com, Bernardino is ranked 0 out of 5 stars with an average return of -7.3% and a 32.0% success rate. Bernardino covers the Healthcare sector, focusing on stocks such as ImmunoCellular Therapeutics, Actinium Pharmaceuticals, and Conatus Pharmaceuticals.

Currently, the analyst consensus on Abeona Therapeutics is Strong Buy and the average price target is $16.50, representing a 187.0% upside.

In a report issued on May 12, Cantor Fitzgerald also reiterated a Buy rating on the stock with a $21 price target.

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