Hess Corp. Receives Average Rating of “Buy” from Brokerages (NYSE:HES)
Hess Corp. (NYSE:HES) has been given a consensus rating of “Buy” by the twenty-one brokerages that are currently covering the stock, AR Network reports. Nine analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $87.71.
A number of research firms have recently commented on HES. Analysts at Wolfe Research initiated coverage on shares of Hess Corp. in a research note on Wednesday, March 26th. They set an “outperform” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Hess Corp. in a research note on Thursday, March 13th. They now have a $85.00 price target on the stock. Finally, analysts at Guggenheim raised their price target on shares of Hess Corp. from $79.00 to $83.00 in a research note on Monday, March 10th.
Shares of Hess Corp. (NYSE:HES) opened at 87.27 on Monday. Hess Corp. has a 52 week low of $61.32 and a 52 week high of $87.31. The stock’s 50-day moving average is $82.70 and its 200-day moving average is $80.82. The company has a market cap of $28.140 billion and a P/E ratio of 5.89.
Hess Corp. (NYSE:HES) last issued its quarterly earnings data on Wednesday, January 29th. The company reported $0.96 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.30 by $0.34. The company had revenue of $5.57 billion for the quarter, compared to the consensus estimate of $2.45 billion. During the same quarter in the prior year, the company posted $1.66 earnings per share. The company’s quarterly revenue was down 6.1% on a year-over-year basis. On average, analysts predict that Hess Corp. will post $4.55 earnings per share 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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