Analysts Have Conflicting Sentiments on These Energy Companies: Hess Midstream Partners (HESM) and Chevron (CVX)
Analysts have been eager to weigh in on the Energy sector with new ratings on Hess Midstream Partners (HESM) and Chevron (CVX).
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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
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.
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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:
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- Hess Midstream LP reports Q2 EPS 75c, consensus 67c
- Is HESM a Buy, Before Earnings?
- Hess Midstream LP raises quarterly cash distribution to 78.88c per share
- Hess Midstream LP price target raised to $39 from $38 at Morgan Stanley
- Hess Midstream LP downgraded to Underweight from Equal Weight at Morgan Stanley
