
Hess (HES) Stock Forecast & Price Target
Hess (HES) Analyst Ratings
Bulls say
Hess's financial position reflects a substantial net proved reserve of 1.4 billion barrels of oil equivalent, indicating a robust asset base. The company's average net production of 391 thousand barrels of oil equivalent per day, with a favorable 74% contribution from oil and natural gas liquids, underscores its strong operational performance. Furthermore, the slight increase in standalone net asset value to $172 per share suggests positive growth potential and reinforces overall investor confidence in the company's future prospects.
Bears say
Hess is positioned for a potential acquisition by CVX in 2024, which introduces uncertainty if the deal does not materialize, potentially exerting downward pressure on its stock. The company faces inherent risks from fluctuating industry fundamentals, including changes in customer demand and pricing for oil and gas, which could adversely affect projected revenues and earnings. Additionally, Hess must navigate competitive dynamics and potential unforeseen management or financial challenges that could impact its overall valuation and investor sentiment.
This aggregate rating is based on analysts' research of Hess and is not a guaranteed prediction by Public.com or investment advice.
Hess (HES) Analyst Forecast & Price Prediction
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