Credit Suisse analyst William Featherston maintained a Hold rating on Hess (HES) today and set a price target of $61. The company’s shares opened today at $51.49.
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, representing a 34.4% upside. In a report issued on November 28, Mizuho Securities also reiterated a Hold rating on the stock with a $55 price target.
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Based on Hess’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.84 billion and GAAP net loss of $42 million. In comparison, last year the company earned revenue of $1.36 billion and had a GAAP net loss of $624 million.
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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.
