Hess Corp. (HES) to Release Quarterly Earnings on Wednesday
Hess Corp. (NYSE:HES) is scheduled to announce its Q114 earnings results on Wednesday, April 30th. Analysts expect the company to announce earnings of $1.02 per share and revenue of $2.19 million for the quarter. Investors interested in participating in the company’s conference call can do so using this link.
Hess Corp. (NYSE:HES) last posted its quarterly earnings results 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 expect Hess Corp. to post $4.62 EPS for the current fiscal year and $4.77 EPS for the next fiscal year.
Shares of Hess Corp. (NYSE:HES) opened at 87.23 on Tuesday. Hess Corp. has a one year low of $61.32 and a one year high of $88.99. The stock’s 50-day moving average is $83.8 and its 200-day moving average is $81.18. The company has a market cap of $28.127 billion and a P/E ratio of 5.90.
Several analysts have recently commented on the stock. Analysts at Guggenheim raised their price target on shares of Hess Corp. from $83.00 to $92.00 in a research note on Wednesday, April 23rd. On the ratings front, 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. Finally, 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. Nine research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Hess Corp. presently has a consensus rating of “Buy” and a consensus target price of $88.36.
In other Hess Corp. news, SVP Mykel Ziolo sold 31,095 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, April 22nd. The stock was sold at an average price of $88.00, for a total transaction of $2,736,360.00. Following the transaction, the senior vice president now directly owns 51,557 shares of the company’s stock, valued at approximately $4,537,016. The transaction was disclosed in a legal filing with the SEC, which can be accessed through 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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