Stock Pulse
Hess Corporation (HES) is preparing for its acquisition by Chevron, announcing its Q1 2025 earnings release for April 30th without a conference call [1]. This acquisition, while promising significant long-term gains for Chevron [4], faces potential delays due to legal challenges from ExxonMobil regarding their joint Guyana project [4], [6]. UBS lowered its price target for HES to $170 while maintaining a "Buy" rating, citing economic uncertainty [2]. Despite strong Q4 2024 earnings [3], [8], the overall energy market downturn poses a risk to HES's short-term growth [3]. Chevron's recent purchase of nearly 5% of HES stock demonstrates confidence in the acquisition's completion [4]. Hess's consistent record of exceeding earnings estimates and a positive Zacks Earnings ESP suggest potential for further positive performance [8].