In a report issued on September 20, Jeanine Wai from Barclays maintained a Buy rating on Hess (HES), with a price target of $80. The company’s shares closed last Monday at $65.67.
According to TipRanks.com, Wai is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -13.0% and a 26.5% success rate. Wai covers the Basic Materials sector, focusing on stocks such as Jagged Peak Energy Inc, Continental Resources, and Occidental Petroleum.
Currently, the analyst consensus on Hess is a Strong Buy with an average price target of $71.75, implying an 8.6% upside from current levels. In a report issued on September 11, Morgan Stanley also maintained a Buy rating on the stock with a $71 price target.
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The company has a one-year high of $74.81 and a one-year low of $35.59. Currently, Hess has an average volume of 2.99M.
Based on the recent corporate insider activity of 78 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of HES in relation to earlier this year.
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Hess Corp is an exploration and production company, which engages in exploration, development, production, transportation, purchase & sale of crude oil, natural gas liquids and natural gas with production operations. It operates through the following segments: Exploration and Production and Midstream.
