Expert Ratings For Hess
Portfolio Pulse from Benzinga Insights
Hess Corporation (NYSE:HES) has received mixed analyst ratings over the past three months, with a shift towards a neutral stance in the last 30 days. The average 12-month price target for HES has been raised to $175.75, indicating a positive outlook. Analyst actions include both upgrades and downgrades, with price targets ranging from $152.00 to $200.00. Hess, an independent oil and gas producer, reported strong revenue growth and market capitalization but faces challenges in profitability and debt management.
March 04, 2024 | 4:01 pm
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Hess Corporation has seen a mix of analyst ratings, with a recent positive shift in the average 12-month price target to $175.75. Despite strong revenue growth, the company faces profitability and debt management challenges.
The increase in the average 12-month price target for Hess Corporation reflects a positive outlook from analysts, potentially leading to short-term price appreciation. However, the mixed nature of the ratings and the company's challenges in profitability and debt management could temper investor enthusiasm. The recent upgrades and downgrades by analysts indicate a closely watched stock, but the overall positive shift in price targets suggests a bullish sentiment in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100