The Analyst Landscape: 4 Takes On Hess
Portfolio Pulse from Benzinga Insights
In the last three months, 4 analysts have published diverse ratings on Hess Corporation (NYSE:HES), with 2 bullish and 2 indifferent ratings. The average 12-month price target is $171.0, down 8.23% from previous estimates. Analysts from Susquehanna, UBS, Argus Research, and Bernstein have adjusted their price targets and ratings, reflecting changes in market conditions and company performance. Hess, an independent oil and gas producer, reported net proved reserves of 1.3 billion barrels and an average net production of 344 thousand barrels per day in 2022. The company's financials show a market cap above industry average, a revenue decline of -10.31%, a net margin of 18.0%, an ROE of 5.96%, an ROA of 2.22%, and a debt-to-equity ratio of 1.08.

January 26, 2024 | 9:00 pm
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Hess Corporation received mixed analyst ratings with a revised average 12-month price target of $171.0. The company's financial overview shows both strengths and challenges, with a strong market presence but a recent revenue decline and high debt levels.
The mixed analyst ratings and the decrease in the average price target suggest uncertainty, which could lead to a neutral short-term impact on HES stock price. The company's solid market presence and production figures may balance concerns over revenue decline and debt levels.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100