Hess Tops Sales, Earnings Forecasts as Bakken & Guyana Drive Growth
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 29 2025
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Source: Benzinga
Hess Corporation Financial Performance: Hess Corporation reported fourth-quarter sales of $3.19 billion, surpassing expectations, with net production rising to 495,000 boepd, driven by significant increases in Guyana and Bakken production. Adjusted EPS also exceeded consensus estimates at $1.76.
Future Outlook: For the first quarter of 2025, Hess expects E&P net production between 465,000 and 475,000 boepd, alongside projected capital expenditures of around $4.5 billion for the year, reflecting planned maintenance and other operational factors.
Analyst Views on RSPG
Wall Street analysts forecast RSPG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for RSPG is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 86.500
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
