KLR Group Starts Hess Corp. (HES) at Accumulate

September 12, 2016 7:11 AM EDT
Get Alerts HES Hot Sheet
Price: $57.57 +0.73%

Rating Summary:
    15 Buy, 18 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 18 | Down: 18 | New: 11
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KLR Group initiates coverage on Hess Corp. (NYSE: HES) with a Accumulate rating and a price target of $65.00.

Analyst John Gerdes commented, "We are initiating coverage of HES with an Accumulate rating and $65 per share target price. Hess’s mid-cycle (’18) capital yield of 120%-125% is slightly below the industry median cash recycle ratio of ~125%. Our ’16 production expectation of ~323 Mboepd is in the upper half of company guidance (315-325 Mboepd)"

For an analyst ratings summary and ratings history on Hess Corp. click here. For more ratings news on Hess Corp. click here.

Shares of Hess Corp. closed at $49.92 yesterday.

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