Mizuho raised the firm’s price target on Hess Corp. to $178 from $175 and keeps a Neutral rating on the shares. The analyst updated oil and gas estimates to reflect the commodity price rebound in Q3. A resurgent commodity price complex – particularly oil and refining cracks – have driven a share rebound as investors focus on OPEC+ cuts, undersupply in global oil markets, and product inventory tightness, the analyst tells investors in a research note.
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 – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on HES:
- Hess Corp. price target raised to $175 from $169 at Mizuho
- Hess Corp. COO sells $5.06M in common stock
- Hess Corp. price target raised to $187 from $183 at Susquehanna
- Hess Corp. price target raised to $169 from $161 at Wells Fargo
- Hess Corp. raises FY23 net production view to 385,000 boepd to 390,000 boepd