Hess (NYSE:HES) Coverage Initiated at StockNews.com
Equities research analysts at StockNews.com began coverage on shares of Hess (NYSE:HES – Get Free Report) in a report issued on Tuesday. The brokerage set a “sell” rating on the oil and gas producer’s stock.
A number of other brokerages have also recently issued reports on HES. Mizuho lifted their target price on Hess from $175.00 to $178.00 and gave the stock a “neutral” rating in a report on Monday, September 18th. Wells Fargo & Company restated an “equal weight” rating and issued a $171.00 target price (up from $170.00) on shares of Hess in a report on Tuesday, October 24th. Bank of America lifted their target price on Hess from $205.00 to $210.00 in a report on Wednesday, September 27th. UBS Group decreased their target price on Hess from $210.00 to $195.00 and set a “buy” rating on the stock in a report on Thursday, December 14th. Finally, Raymond James restated a “market perform” rating on shares of Hess in a report on Tuesday, October 24th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $172.18.
Read Our Latest Stock Report on Hess
Hess Stock Up 0.8 %
Shares of HES stock opened at $145.73 on Tuesday. Hess has a 1 year low of $113.82 and a 1 year high of $167.75. The stock has a market cap of $44.76 billion, a PE ratio of 28.08 and a beta of 1.45. The business’s fifty day moving average is $146.50 and its 200-day moving average is $146.56. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.20 and a current ratio of 1.31.
Hess (NYSE:HES – Get Free Report) last issued its quarterly earnings results on Wednesday, October 25th. The oil and gas producer reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.40. Hess had a return on equity of 18.06% and a net margin of 14.94%. The company had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.68 billion. During the same period last year, the firm earned $1.89 EPS. The firm’s revenue for the quarter was down 27.3% on a year-over-year basis. Equities analysts expect that Hess will post 5.28 earnings per share for the current fiscal year.
Institutional Trading of Hess
A number of institutional investors have recently bought and sold shares of HES. NBC Securities Inc. acquired a new stake in shares of Hess in the third quarter worth about $26,000. KB Financial Partners LLC acquired a new stake in shares of Hess in the first quarter worth about $26,000. Larson Financial Group LLC acquired a new stake in shares of Hess in the third quarter worth about $30,000. IMA Wealth Inc. acquired a new stake in shares of Hess in the second quarter worth about $30,000. Finally, Orion Capital Management LLC acquired a new stake in shares of Hess in the third quarter worth about $33,000. Institutional investors and hedge funds own 81.72% of the company’s stock.
About Hess (Get Free Report)
Hess Corporation, an exploration and production company, explores, develops, produces, purchases, transports, and sells crude oil, natural gas liquids (NGLs), and natural gas. The company operates in two segments, Exploration and Production, and Midstream. It conducts production operations primarily in the United States, Guyana, the Malaysia/Thailand Joint Development Area, and Malaysia; and exploration activities principally offshore Guyana, the U.S.
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Original: MarketBeat News Feed: Hess (NYSE:HES) Coverage Initiated at StockNews.com