BMO Capital Sticks to Their Hold Rating for Hess

By Jason Carr

In a report issued on July 9, Phillip Jungwirth from BMO Capital reiterated a Hold rating on Hess (NYSE: HES), with a price target of $60. The company’s shares closed yesterday at $66.82, close to its 52-week high of $71.14.

According to TipRanks.com, Jungwirth is a 4-star analyst with an average return of 9.1% and a 62.8% success rate. Jungwirth covers the Basic Materials sector, focusing on stocks such as HighPoint Resources Corporation, Whiting Petroleum Corp, and Occidental Petroleum.

The word on The Street in general, suggests a Hold analyst consensus rating for Hess with a $59.60 average price target, a -10.8% downside from current levels. In a report issued on June 29, Credit Suisse also maintained a Hold rating on the stock with a $55 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.