Hess Corp. Given Consensus Recommendation of “Hold” by Analysts (NYSE:HES)
Shares of Hess Corp. (NYSE:HES) have received an average recommendation of “Hold” from the eighteen ratings firms that are currently covering the stock, Stock Ratings News reports. Nine investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $99.69.
A number of research firms have recently commented on HES. 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.
Shares of Hess Corp. (NYSE:HES) opened at 100.16 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 $90.24. The company has a market cap of $31.020 billion and a P/E ratio of 8.86.
Hess Corp. (NYSE:HES) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $1.38 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $1.51 earnings per share. The company’s revenue for the quarter was down 7.3% on a year-over-year basis. Analysts expect that Hess Corp. will post $5.26 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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