StockNews.com Initiates Coverage on Hess (NYSE:HES)

Stock analysts at StockNews.com initiated coverage on shares of Hess (NYSE:HESGet Free Report) in a research report issued to clients and investors on Tuesday. The firm set a “sell” rating on the oil and gas producer’s stock.

Several other equities analysts also recently issued reports on the stock. Sanford C. Bernstein downgraded shares of Hess from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $189.00 to $166.00 in a report on Thursday, November 2nd. Argus raised shares of Hess from a “hold” rating to a “buy” rating and set a $171.00 price objective on the stock in a research note on Tuesday, November 7th. Citigroup raised their price objective on shares of Hess from $155.00 to $163.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 18th. Susquehanna dropped their price objective on shares of Hess from $160.00 to $152.00 and set a “neutral” rating on the stock in a research note on Friday, January 26th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and set a $171.00 price objective (up previously from $170.00) on shares of Hess in a research note on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $172.71.

View Our Latest Stock Report on Hess

Hess Trading Up 1.0 %

HES stock opened at $143.56 on Tuesday. The company has a market capitalization of $44.09 billion, a price-to-earnings ratio of 31.90 and a beta of 1.28. Hess has a 1-year low of $113.82 and a 1-year high of $167.75. The business has a 50 day simple moving average of $142.24 and a two-hundred day simple moving average of $148.41. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.05 and a quick ratio of 1.20.

Hess (NYSE:HESGet Free Report) last released its quarterly earnings results on Wednesday, January 31st. The oil and gas producer reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.20. Hess had a return on equity of 17.00% and a net margin of 12.98%. The company had revenue of $3.04 billion for the quarter, compared to analyst estimates of $2.76 billion. During the same quarter in the prior year, the firm posted $1.78 EPS. Hess’s quarterly revenue was down .6% compared to the same quarter last year. Research analysts anticipate that Hess will post 8.1 EPS for the current fiscal year.

Institutional Investors Weigh In On Hess

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. NBC Securities Inc. purchased a new stake in Hess during the third quarter worth $26,000. KB Financial Partners LLC acquired a new stake in Hess during the 1st quarter valued at approximately $26,000. Pacific Capital Wealth Advisors Inc. acquired a new stake in Hess during the 4th quarter valued at approximately $27,000. Sound Income Strategies LLC bought a new position in Hess during the 4th quarter worth approximately $29,000. Finally, Larson Financial Group LLC bought a new position in Hess during the 3rd quarter worth approximately $30,000. Hedge funds and other institutional investors own 81.72% of the company’s stock.

Hess Company Profile

(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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Analyst Recommendations for Hess (NYSE:HES)

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