Hess Reports Estimated Results for the Second Quarter of 2016

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Simmons Cuts price target on Hess Corp. (HES) Following a 2Q Review

July 28, 2016 8:34 AM EDT

Simmons maintained an Overweight rating on Hess Corp. (NYSE: HES), and cut the price target to $60.00 (from $64.00), following a 2Q earnings review.

Analyst Guy Baber commented, "Despite a tough 2Q characterized by Gulf of Mexico production issues (which should be resolved... More