Beyond The Numbers: 7 Analysts Discuss Hess Stock
Portfolio Pulse from Benzinga Insights
In the past three months, 7 analysts have provided ratings for Hess (NYSE:HES), ranging from bullish to bearish. The average 12-month price target is $168.57, a decrease from the previous $174.29. Analysts have adjusted their ratings and price targets in response to market dynamics and company performance. Hess, an independent oil and gas producer, has shown strong financial performance with significant revenue growth and profitability, but has a higher debt-to-equity ratio than industry averages.

September 04, 2024 | 3:00 pm
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Hess has received mixed analyst ratings with an average price target of $168.57, down from $174.29. The company shows strong financial performance but has a high debt-to-equity ratio.
The mixed analyst ratings and lowered average price target suggest a neutral short-term impact on Hess's stock price. While the company shows strong financial performance, the high debt-to-equity ratio could be a concern for investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100