BMO Capital Reiterates Their Hold Rating on Hess

By Ryan Adsit

BMO Capital analyst Phillip Jungwirth reiterated a Hold rating on Hess (NYSE: HES) today and set a price target of $55. The company’s shares closed last Friday at $49.37.

According to, Jungwirth is a 4-star analyst with an average return of 5.5% and a 50.3% success rate. Jungwirth covers the Basic Materials sector, focusing on stocks such as Sanchez Energy Corporation, Rice Midstream Partners, and Jagged Peak Energy Inc.

Hess has an analyst consensus of Moderate Buy, with a price target consensus of $62.

Based on Hess’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $1.28 billion and GAAP net loss of $324 million. In comparison, last year the company earned revenue of $973 million and had a GAAP net loss of $509 million.

Based on the recent corporate insider activity of 56 insiders, corporate insider sentiment is neutral on the stock. Most recently, in March 2017, John Hess, the CEO of HES sold 13,144 shares for a total of $670,738.

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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 the business through two segments: Exploration and Production; and Bakken Midstream. The Exploration and Production segment explores for, develops, produces, purchases and sells crude oil, natural gas liquids and natural gas with production operations. The Bakken Midstream segment provides fee-based services including crude oil and natural gas gathering, processing of natural gas and the fractionation of natural gas liquids, terminaling and loading crude oil and natural gas liquids, transportation of crude oil by rail car and the storage and terminaling of propane. The company was founded by Leon Hess in 1920 and is headquartered in New York, NY.