Hess Corp. Coverage Initiated at Deutsche Bank (HES)
Equities research analysts at Deutsche Bank initiated coverage on shares of Hess Corp. (NYSE:HES) in a research note issued to investors on Tuesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at Clarkson Capital downgraded shares of Hess Corp. from an “outperform” rating to a “market perform” rating in a research note on Friday, May 23rd. Separately, analysts at Global Hunter Securities raised their price target on shares of Hess Corp. to $91.00 in a research note on Friday, May 23rd. They now have a “neutral” rating on the stock. Finally, analysts at Societe Generale raised their price target on shares of Hess Corp. from $86.00 to $95.00 in a research note on Friday, May 23rd. Ten research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Hess Corp. currently has a consensus rating of “Hold” and a consensus price target of $94.08.
Shares of Hess Corp. (NYSE:HES) opened at 94.10 on Tuesday. Hess Corp. has a 1-year low of $61.32 and a 1-year high of $94.38. The stock’s 50-day moving average is $89.34 and its 200-day moving average is $82.87. The company has a market cap of $29.933 billion and a price-to-earnings ratio of 7.53.
Hess Corp. (NYSE:HES) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $1.38 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.02 by $0.36. The company had revenue of $5.50 billion for the quarter, compared to the consensus estimate of $6.10 billion. During the same quarter in the prior year, the company posted $1.95 earnings per share. The company’s quarterly revenue was down 35.0% on a year-over-year basis. On average, analysts predict that Hess Corp. will post $4.87 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, June 30th. Investors of record on Monday, June 16th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.06%. The ex-dividend date is Thursday, June 12th.
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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