Hess Corp. (HES) to Release Earnings on Wednesday
Hess Corp. (NYSE:HES) is scheduled to post its quarterly earnings results on Wednesday, January 29th. Parties interested in participating in the company’s conference call can do so using this link.
Hess Corp. (NYSE:HES) last announced its earnings results on Wednesday, October 30th. The company reported $1.23 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $1.64 earnings per share. The company’s quarterly revenue was down 22.8% on a year-over-year basis. On average, analysts expect Hess Corp. to post $5.80 EPS for the current fiscal year and $5.26 EPS for the next fiscal year.
Shares of Hess Corp. (NYSE:HES) opened at 75.58 on Tuesday. Hess Corp. has a 52 week low of $61.32 and a 52 week high of $85.15. The stock has a 50-day moving average of $79.76 and a 200-day moving average of $78.55. The company has a market cap of $25.622 billion and a P/E ratio of 7.46.
A number of analysts have recently weighed in on HES shares. Analysts at Mizuho downgraded shares of Hess Corp. from a “buy” rating to a “neutral” rating in a research note to investors on Monday, January 6th. On the ratings front, 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. Finally, 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. Thirteen investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Hess Corp. currently has an average rating of “Hold” and an average price target of $86.63.
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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