Hess (HES) Receives a Hold from Mizuho Securities

By Carrie Williams

In a report released yesterday, Paul Sankey from Mizuho Securities reiterated a Hold rating on Hess (HESResearch Report), with a price target of $55. The company’s shares opened today at $54.10.

According to TipRanks.com, Sankey is a 1-star analyst with an average return of -3.1% and a 37.5% success rate. Sankey covers the Basic Materials sector, focusing on stocks such as Occidental Petroleum, Anadarko Petroleum, and Valero Energy Corp.

Hess has an analyst consensus of Moderate Buy, with a price target consensus of $72.14, a 33.3% upside from current levels. In a report issued on November 15, Piper Jaffray also reiterated a Hold rating on the stock with a $76 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 3.31M.

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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.