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.
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.