Credit Suisse Reaffirms Their Hold Rating on Hess


In a report issued on July 10, William Featherston from Credit Suisse maintained a Hold rating on Hess (NYSE: HES), with a price target of $58. The company’s shares opened today at $66.74, close to its 52-week high of $71.14.

According to TipRanks.com, Featherston is a 3-star analyst with an average return of 2.4% and a 54.8% success rate. Featherston covers the Basic Materials sector, focusing on stocks such as Anadarko Petroleum, Concho Resources, and Pioneer Natural.

Hess has an analyst consensus of Hold, with a price target consensus of $65, representing a -2.6% downside. In a report issued on July 9, BMO Capital also reiterated a Hold rating on the stock with a $60 price target.

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The company has a one-year high of $71.14 and a one-year low of $37.25. Currently, Hess has an average volume of 3.92M.

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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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