Analysts Offer Insights on Materials Companies: Hess (HES) and EQT Corporation (EQT)


Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Hess (NYSE:HES) and EQT Corporation (NYSE:EQT).

Hess (HES)

In a report released today, Devin McDermott from Morgan Stanley maintained a Buy rating on Hess, with a price target of $87. The company’s shares closed yesterday at $66.77, close to its 52-week high of $71.14.

According to TipRanks.com, McDermott is a 2-star analyst with an average return of 4.8% and a 50.0% success rate. McDermott covers the Basic Materials sector, focusing on stocks such as Occidental Petroleum, Anadarko Petroleum, and Devon Energy Corp.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Hess with a $74.13 average price target, implying an 11.0% upside from current levels. In a report released yesterday, Merrill Lynch also maintained a Buy rating on the stock with a $86 price target.

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EQT Corporation (EQT)

In a report released today, Mark Lear from Jefferies maintained a Hold rating on EQT Corporation, with a price target of $52. The company’s shares closed yesterday at $47.04, close to its 52-week low of $43.70.

According to TipRanks.com, Lear is a 1-star analyst with an average return of -1.5% and a 39.7% success rate. Lear covers the Basic Materials sector, focusing on stocks such as CNX Resources Corporation, Whiting Petroleum Corp, and Jagged Peak Energy Inc.

EQT Corporation has an analyst consensus of Moderate Buy, with a price target consensus of $67.

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