Share on StockTwits

Hess Corp. (NYSE:HES) VP Eric S. Fishman sold 2,550 shares of Hess Corp. stock on the open market in a transaction dated Monday, August 11th. The stock was sold at an average price of $101.00, for a total transaction of $257,550.00. Following the sale, the vice president now directly owns 9,440 shares of the company’s stock, valued at approximately $953,440. The transaction was disclosed in a document filed with the SEC, which is available at this link.

HES has been the subject of a number of recent research reports. Analysts at Global Hunter Securities raised their price target on shares of Hess Corp. from $100.00 to $105.00 in a research note on Thursday, July 31st. They now have a “neutral” rating on the stock. Separately, analysts at Credit Suisse raised their price target on shares of Hess Corp. from $110.00 to $120.00 in a research note on Thursday, July 31st. They now have an “outperform” rating on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of Hess Corp. from $112.00 to $118.00 in a research note on Thursday, July 17th. They now have a “buy” rating on the stock. Nine investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $99.69.

Shares of Hess Corp. (NYSE:HES) traded down 1.11% on Tuesday, hitting $99.03. The stock had a trading volume of 1,404,683 shares. Hess Corp. has a 52-week low of $72.62 and a 52-week high of $104.50. The stock’s 50-day moving average is $99.06 and its 200-day moving average is $88.71. The company has a market cap of $30.670 billion and a P/E ratio of 8.98.

Hess Corp. (NYSE:HES) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $1.38 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.18 by $0.20. The company had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $2.63 billion. During the same quarter in the prior year, the company posted $1.51 earnings per share. The company’s quarterly revenue was down 7.3% on a year-over-year basis. Analysts expect that Hess Corp. will post $5.21 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).

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.