Hess (NYSE:HES) Now Covered by StockNews.com

Analysts at StockNews.com started coverage on shares of Hess (NYSE:HES - Get Free Report) in a report issued on Thursday. The brokerage set a "hold" rating on the oil and gas producer's stock.

A number of other equities analysts also recently issued reports on the company. Scotiabank increased their price target on Hess from $157.00 to $167.00 and gave the stock a "sector perform" rating in a research report on Thursday, October 10th. Wells Fargo & Company cut their price target on shares of Hess from $171.00 to $151.00 and set an "equal weight" rating for the company in a report on Friday, September 27th. UBS Group reduced their price objective on shares of Hess from $192.00 to $173.00 and set a "buy" rating for the company in a research report on Wednesday, September 18th. Sanford C. Bernstein upgraded shares of Hess from a "market perform" rating to an "outperform" rating and lifted their target price for the company from $166.00 to $172.00 in a research report on Wednesday, July 17th. Finally, Piper Sandler reduced their price target on shares of Hess from $173.00 to $167.00 in a research report on Friday, September 13th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $165.92.

Hess Stock Performance

Shares of NYSE:HES traded up $2.77 during trading on Thursday, hitting $139.41. 1,663,726 shares of the stock traded hands, compared to its average volume of 2,154,906. The company has a fifty day moving average price of $134.89 and a two-hundred day moving average price of $145.52. Hess has a 52-week low of $123.79 and a 52-week high of $167.75. The company has a market cap of $42.95 billion, a price-to-earnings ratio of 20.92 and a beta of 1.15. The company has a quick ratio of 1.14, a current ratio of 1.27 and a debt-to-equity ratio of 0.78.

Hess (NYSE:HES - Get Free Report) last issued its quarterly earnings data on Wednesday, July 31st. The oil and gas producer reported $2.62 earnings per share for the quarter, topping analysts' consensus estimates of $2.48 by $0.14. Hess had a net margin of 21.22% and a return on equity of 27.43%. The business had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $3.24 billion. During the same quarter in the prior year, the firm posted $0.65 earnings per share. The company's revenue was up 40.3% compared to the same quarter last year. As a group, equities analysts predict that Hess will post 10.22 EPS for the current year.

Institutional Trading of Hess

Hedge funds and other institutional investors have recently modified their holdings of the business. New Covenant Trust Company N.A. acquired a new position in Hess in the first quarter valued at about $25,000. Rise Advisors LLC acquired a new position in shares of Hess in the 1st quarter worth approximately $27,000. Riverview Trust Co purchased a new position in shares of Hess during the 1st quarter worth approximately $36,000. EverSource Wealth Advisors LLC increased its holdings in Hess by 47.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 273 shares of the oil and gas producer's stock valued at $43,000 after purchasing an additional 88 shares during the last quarter. Finally, Mather Group LLC. purchased a new stake in Hess in the first quarter valued at approximately $52,000. 88.51% of the stock is owned by institutional investors and hedge funds.

Hess Company Profile

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.