BMO Capital Keeps a Hold Rating on Hess (HES)

By Carrie Williams

In a report issued on November 12, Phillip Jungwirth from BMO Capital reiterated a Hold rating on Hess (HESResearch Report), with a price target of $63. The company’s shares closed yesterday at $55.96.

According to TipRanks.com, Jungwirth is a 3-star analyst with an average return of 2.1% and a 46.4% success rate. Jungwirth covers the Basic Materials sector, focusing on stocks such as Centennial Resource Development Inc, Continental Resources, and Extraction Oil & Gas.

Currently, the analyst consensus on Hess is a Moderate Buy with an average price target of $77, which is a 37.6% upside from current levels. In a report issued on October 30, Barclays also upgraded the stock to Hold with a $66 price target.

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The company has a one-year high of $74.81 and a one-year low of $40.37. Currently, Hess has an average volume of 3.12M.

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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.