Hess Corporation (HES) has been making headlines recently with various updates and developments that could potentially impact its stock price. Here is a summary of the latest news and its possible effects on the stock:
Forecast:
– Weekly Forecast: 🟢 (+2.4%)
– Monthly Forecast: 🟢 (+4.1%)
• 🔴 StockNews.com initiated coverage on shares of Hess (NYSE:HES) with a “sell” rating, which could potentially create some bearish sentiment among investors.
• 🔴 Hess Co. (NYSE:HES) CFO John P. Rielly sold 2,596 shares of the company’s stock, which might indicate lack of confidence in the company’s future performance.
• 🟢 Kestra Advisory Services LLC increased its holdings in Hess Co. (NYSE:HES) by 9.8%, which could signal positive sentiment towards the stock.
• 🟢 Hess Co. (NYSE:HES) had its target price raised by Mizuho from $200.00 to $205.00, which could attract more investors looking for potential upside.
• 🔴 Zacks Research reduced their Q1 2024 earnings estimates for Hess, which may lead to some negative sentiment among investors.
The recent news surrounding Hess Corporation stock has been a mix of positive and negative developments that could potentially impact its price. The initiation of coverage with a “sell” rating by StockNews.com and the reduction in earnings estimates by Zacks Research may lead to some bearish sentiment among investors. Additionally, insider selling by the CFO could also raise concerns about the company’s future performance.
On the other hand, the increase in holdings by Kestra Advisory Services LLC and the target price raise by Mizuho could signal some positive sentiment towards the stock. These factors may attract investors looking for potential upside in the stock.
Overall, the impact of these recent developments on the price of Hess Corporation stock remains to be seen. Investors should carefully consider these news updates and conduct their own research before making any investment decisions.
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