KLR Group Starts Hess Corp. (HES) at Accumulate

September 12, 2016 7:11 AM EDT
Get Alerts HES Hot Sheet
Price: $52.65 --0%

Rating Summary:
    14 Buy, 19 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 10 | Down: 6 | New: 4
Trade HES Now!
Join SI Premium – FREE

Get the Pulse of the Market with StreetInsider.com's Pulse Picks. Get your Free Trial here.

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.

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, New Coverage

Add Your Comment