What analysts recommend for Hess stock
Approximately 52% of analysts covering Hess (HES) recommend “hold,” ~43% recommend “buy,” and 5% rate it as “underperform.” Their average target price of $69.24 for Hess implies a ~6.72% return over the next 12 months. In comparison, analysts’ target prices for Continental Resources (CLR), Concho Resources (CXO), Oasis Petroleum (OAS), and Cimarex Energy (XEC) imply 19.58%, 22%, ~21.85%, and ~26.34% returns over the next 12 months, respectively.
Rating changes in the past three months
On April 26, Macquarie downgraded HES stock from “outperform” to “neutral,” and KLR Group downgraded HES stock from “buy” to “hold.” On July 11, Barclays downgraded the stock from “equal-weight” to “underweight.”
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