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Wall Street Recommendations for Hess before 1Q16 Earnings

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Analysts’ recommendations for Hess

In the weeks leading up to Hess’s (HES) 1Q16 earnings release, Wall Street analysts have provided target prices for the next 12 months.

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Consensus rating for Hess

Approximately 58% of analysts rate Hess a “buy,” and 42% rate it a “hold.” The average broker target price of $57.12 implies a ~15% negative return in the next 12 months.

Peers Apache (APA), Cimarex Energy (XEC), and Concho Resources (CXO) have average broker target prices of $47.41, $105.85, and $115.31, respectively. These imply returns of -14%, -2%, and 4.5%, respectively, in the next 12 months.

Hess is a component of the SPDR S&P 500 ETF (SPY) and makes up ~0.07% of the fund.

Analysts’ target prices for Hess

In terms of individual recommendations, Raymond James Energy and Evercore ISI gave Hess the most optimistic target prices of $75 and $70, respectively. These imply returns of about 23% and 14%, respectively, in the next 12 months.

UBS (OUBS) gave a lower price target of $60, implying a return of -2% in the next 12 months.

Two of the lowest targets came from Barclays (BCS) and Wolfe Research with target prices of $54 and $49, respectively. These imply returns of -12% and -20%, respectively, over the next year.

For a detailed overview of Hess, read Hess Overview: Looking Up after a Volatile 2015.

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