Hess Corp. Reaches New 12-Month High at $99.48 (HES)
Hess Corp. (NYSE:HES)’s share price reached a new 52-week high during trading on Tuesday , American Banking and Market News reports. The company traded as high as $99.48 and last traded at $99.42, with a volume of 1,080,607 shares trading hands. The stock had previously closed at $98.89.
A number of analysts have recently weighed in on HES shares. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Hess Corp. in a research note on Monday. They now have a $130.00 price target on the stock, up previously from $128.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Hess Corp. in a research note on Friday, June 13th. They now have a $100.00 price target on the stock. Ten investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Hess Corp. currently has an average rating of “Hold” and an average price target of $97.71.
The stock’s 50-day moving average is $93.03 and its 200-day moving average is $84.5. The company has a market cap of $31.686 billion and a price-to-earnings ratio of 7.98. Hess Corp. also was the target of some unusual options trading on Monday. Traders acquired 14,412 call options on the company. This represents an increase of 350% compared to the typical volume of 3,201 call options.
Hess Corp. (NYSE:HES) last released its earnings data on Wednesday, April 30th. The company reported $1.38 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.95 earnings per share. Hess Corp.’s revenue was down 35.0% compared to the same quarter last year. Analysts expect that Hess Corp. will post $4.97 EPS 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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