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Fly News Breaks for September 14, 2017
HES
Sep 14, 2017 | 06:06 EDT
JPMorgan analyst Phil Gresh downgraded Hess Corp. to Neutral and lowered his price target for the shares to $45 from $52. The analyst highlights the company's "persistent" spending gap and "premium" valuation.
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.
