Equities researchers at StockNews.com assumed coverage on shares of Hess (NYSE:HES - Get Free Report) in a research note issued on Saturday. The brokerage set a "hold" rating on the oil and gas producer's stock.
Several other research analysts have also weighed in on the stock. UBS Group increased their target price on shares of Hess from $185.00 to $186.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Citigroup lifted their target price on shares of Hess from $145.00 to $163.00 and gave the company a "neutral" rating in a report on Friday, December 6th. Wells Fargo & Company upgraded Hess from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $151.00 to $193.00 in a research note on Monday, December 9th. Finally, Pickering Energy Partners raised Hess to a "hold" rating in a research note on Friday, January 3rd. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $170.60.
Read Our Latest Research Report on Hess
Hess Price Performance
Shares of NYSE:HES traded down $1.73 during midday trading on Friday, hitting $147.02. The company's stock had a trading volume of 1,816,570 shares, compared to its average volume of 1,932,363. Hess has a 12-month low of $123.79 and a 12-month high of $163.98. The company has a market cap of $45.30 billion, a P/E ratio of 16.34 and a beta of 1.17. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.13 and a current ratio of 1.12. The business's 50 day simple moving average is $141.53 and its 200 day simple moving average is $139.42.
Hess (NYSE:HES - Get Free Report) last issued its earnings results on Wednesday, January 29th. The oil and gas producer reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.32. Hess had a return on equity of 26.32% and a net margin of 21.27%. On average, analysts forecast that Hess will post 8.08 EPS for the current year.
Hedge Funds Weigh In On Hess
A number of hedge funds have recently made changes to their positions in the stock. Checchi Capital Advisers LLC boosted its holdings in Hess by 3.5% in the fourth quarter. Checchi Capital Advisers LLC now owns 2,154 shares of the oil and gas producer's stock valued at $287,000 after acquiring an additional 72 shares during the last quarter. Avantax Advisory Services Inc. lifted its stake in shares of Hess by 1.9% in the 4th quarter. Avantax Advisory Services Inc. now owns 3,971 shares of the oil and gas producer's stock valued at $528,000 after purchasing an additional 73 shares in the last quarter. Cassaday & Co Wealth Management LLC lifted its stake in shares of Hess by 2.4% in the 3rd quarter. Cassaday & Co Wealth Management LLC now owns 3,266 shares of the oil and gas producer's stock valued at $444,000 after purchasing an additional 78 shares in the last quarter. Moss Adams Wealth Advisors LLC grew its holdings in shares of Hess by 5.3% during the 4th quarter. Moss Adams Wealth Advisors LLC now owns 1,682 shares of the oil and gas producer's stock worth $224,000 after purchasing an additional 85 shares during the period. Finally, Howard Capital Management Inc. increased its position in Hess by 5.2% during the 4th quarter. Howard Capital Management Inc. now owns 1,809 shares of the oil and gas producer's stock worth $241,000 after purchasing an additional 90 shares in the last quarter. Institutional investors and hedge funds own 88.51% 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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