Hess Corp. Hits New 12-Month High at $100.23 (HES)
Shares of Hess Corp. (NYSE:HES) hit a new 52-week high during trading on Thursday , Analyst Ratings Network.com reports. The stock traded as high as $100.23 and last traded at $98.98, with a volume of 1,091,505 shares traded. The stock had previously closed at $99.22.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Hess Corp. in a research note on Thursday. They now have a $118.00 price target on the stock, up previously from $112.00. Separately, 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, July 10th. They now have a “sector perform” rating on the stock. Ten analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $97.29.
The stock has a 50-day moving average of $96.05 and a 200-day moving average of $86.03. The company has a market cap of $31.349 billion and a price-to-earnings ratio of 8.01.
Hess Corp. (NYSE:HES) last released its 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. Analysts expect that Hess Corp. will post $5.07 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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