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Fly News Breaks for August 18, 2015
HES
Aug 18, 2015 | 08:39 EDT
Argus upgraded Hess Corp to Buy with a $70 price target. The firm said Hess has one of the strongest balance sheets under coverage following its decision to become a pure-play E&P company and divesting its downstream and midstream businesses. Argus believes Hess' strong liquidity, improving well economics, and focus on the Bakken shale and large-scale deepwater projects may make it an attractive acquisition target.
News For HES From the Last 2 Days
HES
Apr 22, 2024 | 07:35 EDT
Susquehanna raised the firm's price target on Hess Corp. to $164 from $156 and keeps a Neutral rating on the shares. The firm updated its estimates for their E&P sector by lowereing natual gas assumptions and maintaining oil prices. For 2024, they expect companies will continue their maintenance capital programs, while focusing on driving improving well productivity. Susquehanna also expects M&A activity to continue as companies look to shore up inventory positions.
