Providing a diverse range of perspectives from bullish to bearish, 7 analysts have published ratings on Hess HES in the last three months.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 0 | 2 | 5 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 0 | 2 | 0 | 0 |
| 2M Ago | 0 | 1 | 1 | 0 | 0 |
| 3M Ago | 0 | 1 | 1 | 0 | 0 |
In the assessment of 12-month price targets, analysts unveil insights for Hess, presenting an average target of $178.71, a high estimate of $210.00, and a low estimate of $160.00. This current average reflects an increase of 3.3% from the previous average price target of $173.00.
Deciphering Analyst Ratings: An In-Depth Analysis
A clear picture of Hess's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Scott Gruber | Citigroup | Raises | Neutral | $160.00 | $145.00 |
| Biju Perincheril | Susquehanna | Raises | Neutral | $167.00 | $164.00 |
| Nitin Kumar | Mizuho | Raises | Neutral | $210.00 | $205.00 |
| Biju Perincheril | Susquehanna | Raises | Neutral | $164.00 | $156.00 |
| Ryan Todd | Piper Sandler | Raises | Overweight | $173.00 | $172.00 |
| Nitin Kumar | Mizuho | Raises | Neutral | $205.00 | $200.00 |
| Ryan Todd | Piper Sandler | Raises | Overweight | $172.00 | $169.00 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Hess. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Hess compared to the broader market.
- Price Targets: Understanding forecasts, analysts offer estimates for Hess's future value. Examining the current and prior targets provides insight into analysts' changing expectations.
To gain a panoramic view of Hess's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
Stay up to date on Hess analyst ratings.
Discovering Hess: A Closer Look
Hess is an independent oil and gas producer with key assets in the Bakken Shale, Guyana, the Gulf of Mexico, and Southeast Asia. At the end of 2023, the company reported net proved reserves of 1.4 billion barrels of oil equivalent. Net production averaged 391 thousand barrels of oil equivalent per day in 2023, at a ratio of 74% oil and natural gas liquids and 26% natural gas.
Financial Milestones: Hess's Journey
Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.
Revenue Growth: Over the 3 months period, Hess showcased positive performance, achieving a revenue growth rate of 37.25% as of 31 March, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Energy sector.
Net Margin: Hess's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 29.37%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 10.31%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Hess's ROA excels beyond industry benchmarks, reaching 3.99%. This signifies efficient management of assets and strong financial health.
Debt Management: Hess's debt-to-equity ratio stands notably higher than the industry average, reaching 0.98. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
The Core of Analyst Ratings: What Every Investor Should Know
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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