6 Analysts Assess Hess: What You Need To Know
Portfolio Pulse from Benzinga Insights
Recent analyst ratings for Hess Corporation (NYSE:HES) show a mix of perspectives, with 2 somewhat bullish and 4 indifferent ratings in the last three months. The average 12-month price target for HES has increased to $176.33 from $170.50, indicating a positive outlook from analysts. Hess's financial performance includes a revenue growth rate of 2.62% as of December 31, 2023, but it faces challenges in net margin, ROE, ROA, and debt management. The company is an independent oil and gas producer with significant assets and production levels.
April 18, 2024 | 2:00 pm
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POSITIVE IMPACT
Hess Corporation has received mixed analyst ratings but an increased average price target, indicating a cautiously optimistic outlook. The company's financial performance shows growth but also highlights areas of concern such as profitability and debt management.
The increase in the average price target suggests analysts see potential in Hess despite the mixed ratings. The company's revenue growth is a positive sign, but concerns about profitability and debt management could temper investor enthusiasm. The detailed analysis of financial metrics and analyst ratings provides a nuanced view of Hess's current position and future prospects.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100