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Fly News Breaks for May 22, 2017
HES
May 22, 2017 | 09:54 EDT
Bofa/Merrill analyst Doug Leggate said Hess Corp risk/reward looks attractive as shares are "discounting" below strip prices, but his base case assumes a gradual recovery above $60 by the end of the decade. The analyst said Hess remains a top idea and reiterated his Buy rating and $80 price 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.
