Hess Corp. Receives Average Recommendation of “Hold” from Brokerages (NYSE:HES)
Shares of Hess Corp. (NYSE:HES) have been given an average recommendation of “Hold” by the nineteen brokerages that are covering the stock, AnalystRatings.NET reports. Ten investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $98.14.
Several analysts have recently commented on the stock. Analysts at Howard Weil raised their price target on shares of Hess Corp. from $99.00 to $105.00 in a research note on Thursday. They now have a “sector perform” rating on the stock. Separately, 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. Finally, 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.
Shares of Hess Corp. (NYSE:HES) traded up 1.09% during mid-day trading on Monday, hitting $98.91. 265,044 shares of the company’s stock traded hands. Hess Corp. has a 52 week low of $70.20 and a 52 week high of $100.12. The stock has a 50-day moving average of $95.63 and a 200-day moving average of $85.67. The company has a market cap of $31.463 billion and a price-to-earnings ratio of 7.90.
Hess Corp. (NYSE:HES) last posted its quarterly 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 $5.03 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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