UBS analyst Josh Silverstein has revised the price target for Hess Corp. (HES, Financial) from $170 to $163. Despite this adjustment, Silverstein maintains a Buy rating for the company's shares.
This update comes as part of a broader preview of Hess Corp.'s anticipated first-quarter earnings. The changes reflect UBS's latest assessments and projections for the company's stock performance in the upcoming earnings season.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 14 analysts, the average target price for Hess Corp (HES, Financial) is $166.04 with a high estimate of $199.00 and a low estimate of $145.00. The average target implies an upside of 29.76% from the current price of $127.96. More detailed estimate data can be found on the Hess Corp (HES) Forecast page.
Based on the consensus recommendation from 16 brokerage firms, Hess Corp's (HES, Financial) average brokerage recommendation is currently 2.4, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Hess Corp (HES, Financial) in one year is $162.01, suggesting a upside of 26.61% from the current price of $127.96. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Hess Corp (HES) Summary page.
