Hess (HES) Stock Forecast & Price Target

$147.47 +1.24 (+0.85%)

(As of 11/20/2024 ET)

Hess - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 10 Analyst Ratings

Sell
0

Hold
5

Buy
5

Based on 10 Wall Street analysts who have issued ratings for Hess in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 10 analysts, 5 have given a hold rating, and 5 have given a buy rating for HES.

Consensus Price Target

$163.30
10.73% Upside

According to the 10 analysts' twelve-month price targets for Hess, the average price target is $163.30. The highest price target for HES is $194.00, while the lowest price target for HES is $145.00. The average price target represents a forecasted upside of 10.73% from the current price of $147.47.

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HES Analyst Ratings Over Time

Type	Current Forecast 11/22/23 to 11/21/24	1 Month Ago 10/23/23 to 10/22/24	3 Months Ago 8/24/23 to 8/23/24	1 Year Ago 11/22/22 to 11/22/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	5 Buy rating(s)	6 Buy rating(s)	6 Buy rating(s)	8 Buy rating(s)
Hold	5 Hold rating(s)	6 Hold rating(s)	7 Hold rating(s)	8 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$163.30	$164.00	$175.77	$173.06
Forecasted Upside	10.73% Upside	18.27% Upside	27.20% Upside	19.85% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Hold	Moderate Buy

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HES Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

HES Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Hess Stock vs. The Competition

Type	Hess	Oils/Energy Companies	S&P 500
Consensus Rating Score	2.50	2.62	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	10.73% Upside	1,433.20% Upside	9.83% Upside
News Sentiment Rating	Positive News See Recent HES News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/18/2024	Susquehanna 2 of 5 stars		Boost Target	Neutral ➝ Neutral	$149.00 ➝ $154.00	+10.47%
10/10/2024	Scotiabank 5 of 5 stars		Boost Target	Sector Perform ➝ Sector Perform	$157.00 ➝ $167.00	+19.32%
10/4/2024	BMO Capital Markets 4 of 5 stars		Boost Target	Outperform ➝ Outperform	$155.00 ➝ $160.00	+13.49%
9/30/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Leggate Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Peer Perform ➝ Outperform	$150.00	+12.27%
9/27/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$171.00 ➝ $151.00	+13.48%
9/18/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$192.00 ➝ $173.00	+32.44%
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9/16/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$210.00 ➝ $194.00	+49.37%
9/13/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$173.00 ➝ $167.00	+29.40%
9/5/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$160.00 ➝ $145.00	+11.88%
7/17/2024	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating	B. Brackett Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Market Perform ➝ Outperform	$166.00 ➝ $172.00	+14.24%
11/7/2023	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$171.00	+17.35%
10/24/2023	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Market Perform
10/17/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$166.00 ➝ $165.00	+0.42%
9/27/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$205.00 ➝ $210.00	+38.10%
7/10/2023	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$155.00 ➝ $153.00	+13.83%
4/5/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight	$156.00 ➝ $158.00	+12.12%
3/16/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$160.00 ➝ $174.00	+48.97%
1/27/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral	$161.00 ➝ $170.00	+5.96%
1/26/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral	$125.00 ➝ $150.00	-5.00%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 09:29 AM ET.

Should I Buy Hess Stock? HES Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, November 4, 2024. Please send any questions or comments about these Hess pros and cons to contact@marketbeat.com.

Hess
Bull Case

Here are some ways that investors could benefit from investing in Hess Co.:

Hess Co. has a market capitalization of $41.78 billion, indicating it is a well-established company with significant value.
The company reported a strong quarterly earnings performance, with an EPS of $2.62, surpassing analyst estimates by $0.14, showcasing financial strength.
Hess Co. has a dividend yield of 1.47%, providing investors with a steady income stream.
Analysts anticipate Hess Co. to post 11.04 EPS for the current fiscal year, indicating potential growth and profitability.
Despite some rating adjustments, Hess Co. still maintains an average rating of "Hold" with an average target price of $171.31, suggesting stability and potential upside.

Hess
Bear Case

Investors should be bearish about investing in Hess Co. for these reasons:

Recent rating adjustments by various analysts, including price target reductions, may indicate some uncertainty or challenges ahead for Hess Co.
With a beta of 1.15, Hess Co. is slightly more volatile compared to the market average, which could lead to higher risk for investors.
Although the company increased its dividend, the payout ratio of 30.63% suggests a significant portion of earnings is distributed as dividends, potentially limiting reinvestment for growth.
Debt-to-equity ratio of 0.78 may raise concerns about the company's leverage and financial stability, impacting investor confidence.
While Hess Co. has shown growth potential, the stock price has experienced fluctuations between a 12-month low of $123.79 and a high of $167.75, indicating volatility in the market.

HES Forecast - Frequently Asked Questions

: According to the research reports of 10 Wall Street equities research analysts, the average twelve-month stock price forecast for Hess is $163.30, with a high forecast of $194.00 and a low forecast of $145.00.
: 10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Hess in the last twelve months. There are currently 5 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" HES shares.
: According to analysts, Hess's stock has a predicted upside of 10.73% based on their 12-month stock forecasts.
: Over the previous 90 days, Hess's stock had 1 upgrade by analysts.
: Hess has been rated by research analysts at BMO Capital Markets, Citigroup, Mizuho, Piper Sandler, Scotiabank, Susquehanna, UBS Group, Wells Fargo & Company, and Wolfe Research in the past 90 days.
: Analysts like Hess less than other "oils/energy" companies. The consensus rating score for Hess is 2.50 while the average consensus rating score for "oils/energy" companies is 2.62. Learn more on how HES compares to other companies.

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This page (NYSE:HES) was last updated on 11/21/2024 by MarketBeat.com Staff

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Hess (HES) Stock Forecast & Price Target