Hess Corporation (NYSE:HES) Given a $42.00 Price Target by BMO Capital Markets Analysts
Other analysts have also recently issued research reports about the company. Scotiabank set a $53.00 target price on Hess Corporation and gave the company a buy rating in a research report on Tuesday, June 20th. KLR Group reaffirmed a buy rating and set a $60.00 target price (up previously from $58.00) on shares of Hess Corporation in a research report on Saturday, April 29th. Bank of America Corporation reaffirmed a buy rating and set a $80.00 target price on shares of Hess Corporation in a research report on Friday, April 14th. Barclays PLC reaffirmed an equal weight rating and set a $50.00 target price (down previously from $61.00) on shares of Hess Corporation in a research report on Wednesday, July 12th. Finally, Cowen and Company set a $55.00 target price on Hess Corporation and gave the company a hold rating in a research report on Monday, July 10th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $53.91.
Hess Corporation (HES) opened at 44.54 on Friday. Hess Corporation has a 52 week low of $39.89 and a 52 week high of $65.56. The firm’s 50-day moving average price is $43.39 and its 200-day moving average price is $48.26. The stock’s market cap is $14.00 billion.
Hess Corporation (NYSE:HES) last announced its earnings results on Wednesday, July 26th. The oil and gas producer reported ($1.46) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.32) by $0.14. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.19 billion. Hess Corporation had a negative net margin of 118.07% and a negative return on equity of 8.49%. The firm’s revenue was down 3.2% compared to the same quarter last year. During the same period last year, the business posted ($1.10) EPS. Equities analysts predict that Hess Corporation will post ($4.45) earnings per share for the current fiscal year.
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A number of institutional investors have recently modified their holdings of the company. Independence Advisors LLC purchased a new position in Hess Corporation during the second quarter valued at $230,000. D Orazio & Associates Inc. boosted its position in Hess Corporation by 266.7% in the first quarter. D Orazio & Associates Inc. now owns 2,200 shares of the oil and gas producer’s stock valued at $106,000 after buying an additional 1,600 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new position in Hess Corporation during the first quarter valued at $111,000. State of Alaska Department of Revenue purchased a new position in Hess Corporation during the first quarter valued at $114,000. Finally, Financial Architects Inc boosted its position in Hess Corporation by 147.6% in the first quarter. Financial Architects Inc now owns 2,600 shares of the oil and gas producer’s stock valued at $125,000 after buying an additional 1,550 shares in the last quarter. Institutional investors own 85.80% of the company’s stock.
Hess Corporation Company Profile
Hess Corporation is an exploration and production company. The Company is engaged in exploration, development, production, transportation, purchase and sale of crude oil, natural gas liquids (NGL) and natural gas. The Company’s segments include Exploration and Production, and Bakken Midstream. Its Exploration and Production segment explores for, develops, produces, purchases and sells crude oil, NGLs and natural gas with production operations primarily in the United States, Denmark, Equatorial Guinea, the Malaysia/Thailand Joint Development Area (JDA), Malaysia and Norway.
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