This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.

Analysts Have Conflicting Sentiments on These Energy Companies: Hess Midstream Partners (HESM) and Chevron (CVX)

Tipranks - Wed Aug 5, 9:58AM CDT

Analysts have been eager to weigh in on the Energy sector with new ratings on Hess Midstream Partners (HESM) and Chevron (CVX).

Claim 55% Off TipRanks

Hess Midstream Partners (HESM)

Morgan Stanley analyst Robert Kad maintained a Sell rating on Hess Midstream Partners yesterday and set a price target of $39.00. The company’s shares closed last Tuesday at $40.18.

According to TipRanks.com, Kad is a 4-star analyst with an average return of 6.8% and a 58.9% success rate. Kad covers the NA sector, focusing on stocks such as Enterprise Products Partners, Western Midstream Partners, and Plains All American. ;'>

Currently, the analyst consensus on Hess Midstream Partners is a Moderate Sell with an average price target of $37.40, implying a -8.0% downside from current levels. In a report released yesterday, Goldman Sachs also maintained a Sell rating on the stock with a $32.00 price target.

See today’s best-performing stocks on TipRanks >>

Chevron (CVX)

DBS analyst Pei Hwa Ho maintained a Buy rating on Chevron yesterday and set a price target of $222.00. The company’s shares closed last Tuesday at $190.86.

According to TipRanks.com, Ho is ranked #783 out of 12417 analysts.

Chevron has an analyst consensus of Strong Buy, with a price target consensus of $214.19, representing a 12.6% upside. In a report issued on July 23, Piper Sandler also initiated coverage with a Buy rating on the stock with a $207.00 price target.

Read More on HESM:

Disclaimer & DisclosureReport an Issue

This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.