Hess (HES) Receives a Buy from Wells Fargo

By Ryan Adsit

In a report released today, Roger Read from Wells Fargo maintained a Buy rating on Hess (HESResearch Report). The company’s shares opened today at $64.84.

According to TipRanks.com, Read is a 3-star analyst with an average return of 2.0% and a 57.7% success rate. Read covers the Basic Materials sector, focusing on stocks such as Occidental Petroleum, Valero Energy Corp, and Conocophillips.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Hess with a $71.25 average 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 2.94M.

Based on the recent corporate insider activity of 70 insiders, corporate insider sentiment is negative on the stock.

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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.