Hess Corp. Now Covered by Guggenheim (HES)
Equities researchers at Guggenheim started coverage on shares of Hess Corp. (NYSE:HES) in a research report issued on Thursday, StockRatingsNetwork.com reports. The firm set a “neutral” rating on the stock.
Several other analysts have also recently commented on the stock. Analysts at Oppenheimer reiterated a “buy” rating on shares of Hess Corp. (NYSE:HES) in a research note to investors on Tuesday. They now have a $90.00 price target on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of Hess Corp. (NYSE:HES) from $80.00 to $90.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Hess Corp. (NYSE:HES) in a research note to investors on Friday, August 23rd. They now have a $78.00 price target on the stock.
Thirteen investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $78.21.
Hess Corp. (NYSE:HES) traded down 0.77% on Thursday, hitting $77.25. 3,026,671 shares of the company’s stock traded hands. Hess Corp. has a one year low of $48.20 and a one year high of $78.34. The stock has a 50-day moving average of $75.03 and a 200-day moving average of $70.82. The company has a market cap of $26.273 billion and a price-to-earnings ratio of 7.31.
Hess Corp. (NYSE:HES) last released its earnings data on Wednesday, July 31st. The company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.13. The company had revenue of $4.11 billion for the quarter, compared to the consensus estimate of $5.06 billion. During the same quarter in the previous year, the company posted $1.61 earnings per share. The company’s revenue for the quarter was down 9.4% on a year-over-year basis. Analysts expect that Hess Corp. will post $6.45 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 30th. Shareholders of record on Monday, September 16th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend is Thursday, September 12th. This is a positive change from Hess Corp.’s previous quarterly dividend of $0.10.
In other Hess Corp. news, EVP Gregory P. Hill sold 2,000 shares of Hess Corp. stock on the open market in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $76.79, for a total transaction of $153,580.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Hess Corporation (NYSE:HES) is a global integrated energy company that operates in two segments: Exploration and Production (E&P) and Marketing and Refining (M&R).
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