Hess Corp. Stock Rating Lowered by Mizuho (HES)
Hess Corp. (NYSE:HES) was downgraded by equities research analysts at Mizuho to a “neutral” rating in a research note issued to investors on Monday, Analyst Ratings.Net reports.
Several other analysts have also recently commented on the stock. Analysts at Iberia Capital initiated coverage on shares of Hess Corp. in a research note to investors on Tuesday, December 31st. They set a “sector perform” rating and a $89.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Hess Corp. in a research note to investors on Wednesday, December 4th. They now have a $85.00 price target on the stock. Finally, analysts at Atlantic Securities initiated coverage on shares of Hess Corp. in a research note to investors on Monday, November 18th. They set an “overweight” rating and a $95.00 price target on the stock. Fifteen equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $85.53.
Shares of Hess Corp. (NYSE:HES) opened at 80.28 on Monday. Hess Corp. has a one year low of $54.82 and a one year high of $85.15. The stock has a 50-day moving average of $81.22 and a 200-day moving average of $77.08. The company has a market cap of $27.215 billion and a P/E ratio of 7.94.
Hess Corp. (NYSE:HES) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $1.23 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.49 by $0.26. The company had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.63 billion. During the same quarter last year, the company posted $1.64 earnings per share. Hess Corp.’s revenue was down 22.8% compared to the same quarter last year. Analysts expect that Hess Corp. will post $5.97 EPS for the current fiscal year.
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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