UBS Maintains a 'Buy' on Hess Corp. (HES); EPS Miss Well Flagged, But Guidance Was Big Disappointment
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Price: $148.97 --0%
Rating Summary:
19 Buy, 21 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
19 Buy, 21 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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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.
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