Piper Jaffray Keeps a Hold Rating on Hess (HES)

By Carrie Williams

Piper Jaffray analyst Kashy Harrison reiterated a Hold rating on Hess (HESResearch Report) on November 15 and set a price target of $76. The company’s shares closed on Friday at $57.68.

According to TipRanks.com, Harrison is a 1-star analyst with an average return of -4.3% and a 35.0% success rate. Harrison covers the Basic Materials sector, focusing on stocks such as Sanchez Energy Corporation, Continental Resources, and Range Resources Corp.

Currently, the analyst consensus on Hess is a Moderate Buy with an average price target of $75, which is a 30.0% upside from current levels. In a report issued on October 31, Credit Suisse also maintained a Hold rating on the stock with a $61 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 3.14M.

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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.