Hess Corp. (HES) Announces Quarterly Earnings Results, Misses Expectations By $0.34 EPS
Hess Corp. (NYSE:HES) posted its quarterly earnings results on Wednesday. The company reported $0.96 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.30 by $0.34, AR Network reports.
HES has been the subject of a number of recent research reports. 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 given a buy rating to the stock. Hess Corp. has a consensus rating of “Hold” and an average price target of $86.63.
Shares of Hess Corp. (NYSE:HES) opened at 76.80 on Wednesday. Hess Corp. has a 52 week low of $61.32 and a 52 week high of $85.15. The stock’s 50-day moving average is $79.65 and its 200-day moving average is $78.59. The company has a market cap of $26.035 billion and a price-to-earnings ratio of 7.40.
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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