UBS Maintains a 'Buy' on Hess Corp. (HES); EPS Miss Well Flagged, But Guidance Was Big Disappointment
Tweet
Share
E-mailGet Alerts HES Hot Sheet
Price: $148.97 --0%
Rating Summary:
19 Buy, 21 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 22 | New: 20
Rating Summary:
19 Buy, 21 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 22 | New: 20
Join SI Premium – FREE
UBS maintains a 'Buy' on Hess Corp. (NYSE: HES) price target lowered from $71 to $68.
UBS analyst says, "With consensus expectations of 8% growth, 2012 production growth guidance of flat-to-up 5% was a big disappointment. When combined with higher than expected E&P costs, we’ve reduced our 2012-13 EPS/CFPS to $7.08/$17.23 and $5.87/$16.92 from $7.32/$17.87 and $5.86/$17.13, respectively."
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 $57.31 yesterday.
UBS analyst says, "With consensus expectations of 8% growth, 2012 production growth guidance of flat-to-up 5% was a big disappointment. When combined with higher than expected E&P costs, we’ve reduced our 2012-13 EPS/CFPS to $7.08/$17.23 and $5.87/$16.92 from $7.32/$17.87 and $5.86/$17.13, respectively."
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 $57.31 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Cullinan Oncology Inc. (CGEM) PT Raised to $27 at UBS
- UBS Reiterates Buy Rating on BJ's Wholesale (BJ), Expects 'Solid' Q2 Print
- Broadridge Financial (BR) PT Raised to $180 at UBS, Neutral Rating Maintained
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
UBSSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
