Hess Corp. Receives Consensus Rating of “Hold” from Brokerages (NYSE:HES)
Hess Corp. (NYSE:HES) has been given an average rating of “Hold” by the eighteen brokerages that are covering the company, AmericanBankingNews.com reports. Nine equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $99.69.
In other Hess Corp. news, VP Eric S. Fishman sold 2,550 shares of Hess Corp. stock on the open market in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $101.00, for a total transaction of $257,550.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Hess Corp. (NYSE:HES) opened at 99.22 on Friday. Hess Corp. has a 52 week low of $73.36 and a 52 week high of $104.50. The stock has a 50-day moving average of $99.16 and a 200-day moving average of $89.67. The company has a market cap of $30.728 billion and a P/E ratio of 8.98.
Hess Corp. (NYSE:HES) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $1.38 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.51 earnings per share. Hess Corp.’s revenue was down 7.3% compared to the same quarter last year. On average, analysts predict that Hess Corp. will post $5.26 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. 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.
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.