Demystifying Hess: Insights From 5 Analyst Reviews
Portfolio Pulse from Benzinga Insights
Hess Corporation (NYSE:HES) has been analyzed by 5 analysts in the last three months, showing a shift towards a more neutral stance with 4 indifferent ratings recently. The average 12-month price target for HES has been raised to $177.0, marking a 4.0% increase from the previous target of $170.20. Analysts from firms like Mizuho and Piper Sandler have adjusted their price targets, reflecting evolving market conditions and Hess's performance. Despite positive revenue growth, Hess faces challenges in net margin, ROE, ROA, and debt management.
March 20, 2024 | 12:01 pm
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Hess Corporation's stock might see short-term movements based on the latest analyst ratings and price target adjustments. The average price target has been raised to $177.0, indicating a positive outlook from analysts despite some operational challenges.
The increase in the average price target to $177.0 reflects a positive sentiment from analysts, which could lead to short-term bullish behavior in Hess's stock. However, the company's challenges in net margin, ROE, ROA, and debt management could temper gains. The recent shift towards a more neutral stance by analysts, with 4 indifferent ratings, suggests a cautious optimism that may influence investor sentiment and stock performance in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100