Susquehanna has revised its price target for Hess Corp. (HES, Financial), reducing it from $160 to $136 while maintaining a Positive rating on the company's stock. This adjustment follows a reassessment of future oil price expectations, with a new 2025 forecast of approximately $68 per barrel and a long-term estimate of $67 per barrel.
The downgrade reflects broader trends in the oil market, where global demand projections are being revised downward due to increased tariffs and rising recession fears. These factors have contributed to a decrease in oil prices as the second quarter begins. Additionally, OPEC+ is starting to reverse its strategy by unwinding 2.2 million barrels of voluntary production cuts, implemented earlier, which will add a substantial supply back into the market.
The changes in oil supply and demand dynamics are key factors influencing Susquehanna's revised outlook for Hess Corp. as the market adapts to evolving economic conditions.
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 $162.90 with a high estimate of $199.00 and a low estimate of $140.00. The average target implies an upside of 28.96% from the current price of $126.32. 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 $158.34, suggesting a upside of 25.35% from the current price of $126.32. 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.
