Credit Suisse Reaffirms Their Hold Rating on Hess (HES)


Credit Suisse analyst William Featherston maintained a Hold rating on Hess (HES) yesterday and set a price target of $61. The company’s shares closed yesterday at $52.21.

According to TipRanks.com, Featherston is a 1-star analyst with an average return of -3.3% and a 42.9% success rate. Featherston covers the Basic Materials sector, focusing on stocks such as Anadarko Petroleum, Chesapeake Energy, and Devon Energy Corp.

Currently, the analyst consensus on Hess is a Moderate Buy with an average price target of $69.20, a 32.5% upside from current levels. In a report issued on December 4, BMO Capital also maintained a Hold rating on the stock with a $63 price target.

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The company has a one-year high of $74.81 and a one-year low of $40.37. Currently, Hess has an average volume of 3.64M.

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Hess Corp is a global exploration and production company which engages in exploration, development, production, transportation, purchase and sale of crude oil, natural gas liquids, and natural gas with production operations. It operates through the following segments: Exploration and Production; Midstream; and Corporate, Interest, and Other.

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