Analysts Change Price Targets on These Basic Materials Stocks

Wall St. Watchdog reveals information about companies for which stock analysts reiterated ratings in the Basic Materials sector for the week ending November 4th, 2011.

  • Oasis Petroleum (NYSE:OAS): Northland Securities reiterated its rating of Outperform for this company and changed its price target from $41 to $43 on Oct 31st. The shares recently traded at $31.30, up $1.96, or 6.68% since the analyst’s rating. About the company: Oasis Petroleum Inc., is an independant exploration and production company focused on the acquisition and development of unconventional oil and natural gas resources. Get the most recent company news and stock data here >>
  • Occidental Petro (NYSE:OXY): Argus reiterated its rating of Buy for this company and changed its price target from $105 to $120 on Oct 31st. The shares recently traded at $98.52, up $5.58, or 6% since the analyst’s rating. About the company: Occidental Petroleum Corporation explores for, develops, produces, and markets crude oil and natural gas. The Company also manufactures and markets a variety of basic chemicals, vinyls and performance chemicals. Occidental also gathers, treats, processes, transports, stores, trades and markets crude oil, natural gas, NGLs, condensate and carbon dioxide (CO2) and generates and markets power. Get the most recent company news and stock data here >>
  • Arch Coal (NYSE:ACI): Dahlman Rose reiterated its rating of Buy for this company and changed its price target from $38 to $34 on Oct 31st. The shares recently traded at $18.07, down $0.15, or 0.82% since the analyst’s rating. About the company: Arch Coal, Inc. mines, processes, and markets low sulfur coal from surface, underground, and auger mines located in the western United States and in the central Appalachian region. The Company markets its coal primarily to electric utilities. Get the most recent company news and stock data here >>
  • Newmont Mining (NYSE:NEM): RBC Capital Mkts reiterated its rating of Sector Perform for this company and changed its price target from $87 to $82 on Nov 1st. The shares recently traded at $72.13, up $6.5, or 9.9% since the analyst’s rating. About the company: Newmont Mining Corporation acquires, explores, and develops mineral properties. The Company produces gold from operations in the United States, Australia, Peru, Indonesia, Ghana, Canada, New Zealand and Mexico. Newmont also mines and processes copper in Indonesia. Get the most recent company news and stock data here >>
  • FMC Corp (NYSE:FMC): Longbow reiterated its rating of Buy for this company and changed its price target from $85 to $95 on Nov 2nd. The shares recently traded at $84.10, up $3.04, or 3.75% since the analyst’s rating. About the company: FMC Corporation produces diverse chemical solutions, applications, and products. The Company’s principal business segments are industrial chemicals, specialty chemicals, and agricultural products. Get the most recent company news and stock data here >>
  • CONSOL Energy (NYSE:CNX): FBR Capital reiterated its rating of Outperform for this company and changed its price target from $63 to $58 on Nov 2nd. The shares recently traded at $44.12, up $1.11, or 2.58% since the analyst’s rating. About the company: CONSOL Energy Inc. produces high-BTU bituminous coal, and also coalbed methane gas. The Company primarily produces pipeline-quality coalbed methane gas from coal properties in the Northern and the Central Appalachian basin, other western basins, and oil and gas from properties in the Appalachian and Illinois Basins. Get the most recent company news and stock data here >>
  • Pioneer Natural Resources (NYSE:PXD): FBR Capital reiterated its rating of Outperform for this company and changed its price target from $110 to $115 on Nov 2nd. The shares recently traded at $92.03, up $0.87, or 0.95% since the analyst’s rating. About the company: Pioneer Natural Resources Company is an independent oil and gas exploration and production company, headquartered in Dallas, Texas, with operations primarily in the United States. Get the most recent company news and stock data here >>
  • Murphy Oil (NYSE:MUR): UBS reiterated its rating of Neutral for this company and changed its price target from $57 to $59 on Nov 3rd. The shares recently traded at $55.09, down $2.34, or 4.07% since the analyst’s rating. About the company: Murphy Oil Corporation is a worldwide oil and gas exploration and production company with refining and marketing operations in the United States and the United Kingdom. The Company also has exploration and production activities in countries that include United States, Canada, the United Kingdom, Malaysia, and Ecuador. Murphy Oil has retail operations as well in the United States. Get the most recent company news and stock data here >>
  • Pioneer Natural Resources (NYSE:PXD): MKM Partners reiterated its rating of Neutral for this company and changed its price target from $82 to $89. RBC Capital Mkts reiterated its rating of Outperform for this company and changed its price target from $106 to $112 on Nov 3rd. The shares recently traded at $92.03, down $2.12, or 2.25% since the analyst’s rating. About the company: Pioneer Natural Resources Company is an independent oil and gas exploration and production company, headquartered in Dallas, Texas, with operations primarily in the United States. Get the most recent company news and stock data here >>
  • Whiting Petroleum (NYSE:WLL): Ladenburg Thalmann reiterated its rating of Buy for this company and changed its price target from $54 to $60 on Nov 3rd. The shares recently traded at $48.07, up $0.19, or 0.4% since the analyst’s rating. About the company: Whiting Petroleum Corporation is involved in oil and natural gas exploitation, acquisition, and exploration activities. The Company focuses on lower risk, long-lived oil and natural gas properties located primarily in the Gulf Coast/Permian Basin, Rocky Mountains, Michigan, and Mid-Continent regions of the United States. Get the most recent company news and stock data here >>

(Note: Selected financial data are sourced from Briefing.com via the Wall St. Journal. All data are assumed to be accurate.)

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