Wells Fargo analyst Roger Read raised the firm’s price target on Hess Corp. to $170 from $162 and keeps an Overweight rating on the shares. Guyana’s exploration successes and visible growth/development fairway remain favorable, the firm says. They are the key development planks for the company, and the underpinnings of growth, cash returns, and share price performance, Wells adds.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on HES:
- Hess Corp. price target raised to $150 from $125 at Credit Suisse
- Hess Corp. reports Q4 EPS $1.78, consensus $1.65
- Hess Corp. announces FY23 E&P capital, exploratory budget of $3.7B
- Hess Corp. price target raised to $175 from $160 at Raymond James
- Hess Corp. upgraded to Outperform from Peer Perform at Wolfe Research