Hess Upgraded to “Buy” at Deutsche Bank (HES)
Oil and energy company Hess Corp. (HES) was upgraded on Monday by analysts at Deutsche Bank.
The analysts upgraded Hess from “Hold” to “Buy” with a price target of $70. That target is a +27.2% upside to Friday’s closing price of $55.02
Deutsche Bank believes that HES is in a good position to see growth because of higher WTI oil prices and operational upside.
Hess shares were flat in premarket trading on Monday. The stock is down -2.48% over the past year.
The Bottom Line
Shares of Hess Corp (HES) have a .73% dividend yield, based on Friday’s closing stock price of $55.02. The stock has technical support in the $50 price area. If the shares can firm up, we see overhead resistance around the $58-$60 price levels.
Hess Corp. (HES) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.0 out of 5 stars.
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