Hess Corp. PT Raised to $105.00 (HES)
Analysts at Howard Weil hoisted their price target on shares of Hess Corp. (NYSE:HES) from $99.00 to $105.00 in a research report issued to clients and investors on Thursday. The firm currently has a “sector perform” rating on the stock. Howard Weil’s target price points to a potential upside of 6.03% from the stock’s previous close.
Shares of Hess Corp. (NYSE:HES) opened at 99.03 on Thursday. Hess Corp. has a 52-week low of $68.42 and a 52-week high of $100.12. The stock’s 50-day moving average is $94.93 and its 200-day moving average is $85.44. The company has a market cap of $31.501 billion and a price-to-earnings ratio of 7.99.
Hess Corp. (NYSE:HES) last announced its earnings results 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. On average, analysts predict that Hess Corp. will post $4.97 earnings per share for the current fiscal year.
HES has been the subject of a number of other recent research reports. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Hess Corp. in a research note on Monday, June 30th. 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 equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Hess Corp. currently has a consensus rating of “Hold” and a consensus target price of $98.14.
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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