Research analysts at StockNews.com started coverage on shares of Hess (NYSE:HES - Get Free Report) in a research note issued on Sunday. The brokerage set a "hold" rating on the oil and gas producer's stock.
A number of other equities analysts also recently weighed in on HES. UBS Group boosted their target price on Hess from $185.00 to $186.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Pickering Energy Partners upgraded Hess to a "hold" rating in a research note on Friday, January 3rd. Citigroup boosted their target price on Hess from $145.00 to $163.00 and gave the stock a "neutral" rating in a research note on Friday, December 6th. Finally, Wells Fargo & Company upgraded Hess from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $151.00 to $193.00 in a research note on Monday, December 9th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $170.60.
Check Out Our Latest Stock Report on Hess
Hess Stock Down 3.4 %
Hess stock traded down $5.11 during midday trading on Friday, reaching $143.83. The stock had a trading volume of 2,527,748 shares, compared to its average volume of 1,954,323. Hess has a 12 month low of $123.79 and a 12 month high of $163.98. The company has a market capitalization of $44.32 billion, a P/E ratio of 15.98 and a beta of 1.17. The company has a fifty day moving average price of $142.93 and a two-hundred day moving average price of $139.75. The company has a current ratio of 1.12, a quick ratio of 1.13 and a debt-to-equity ratio of 0.72.
Hess (NYSE:HES - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The oil and gas producer reported $1.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.44 by $0.32. Hess had a return on equity of 26.32% and a net margin of 21.27%. As a group, equities analysts expect that Hess will post 8.08 EPS for the current fiscal year.
Institutional Investors Weigh In On Hess
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Hess by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 33,141,244 shares of the oil and gas producer's stock valued at $4,408,117,000 after acquiring an additional 296,406 shares during the period. Adage Capital Partners GP L.L.C. raised its holdings in Hess by 6.5% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 11,438,985 shares of the oil and gas producer's stock valued at $1,521,499,000 after acquiring an additional 698,866 shares during the period. HBK Investments L P raised its holdings in Hess by 1.7% during the 4th quarter. HBK Investments L P now owns 7,237,911 shares of the oil and gas producer's stock valued at $962,715,000 after acquiring an additional 120,091 shares during the period. Geode Capital Management LLC raised its holdings in Hess by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 6,695,533 shares of the oil and gas producer's stock valued at $888,240,000 after acquiring an additional 158,371 shares during the period. Finally, Wellington Management Group LLP raised its holdings in Hess by 2.4% during the 4th quarter. Wellington Management Group LLP now owns 3,844,257 shares of the oil and gas producer's stock valued at $511,325,000 after acquiring an additional 91,131 shares during the period. Institutional investors 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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