Hess Corp. (NYSE:HES)’s share price traded down 4.5% during trading on Monday . The company traded as low as $51.01 and last traded at $51.22, with a volume of 2,722,518 shares. The stock had previously closed at $53.65.

A number of equities analysts have recently commented on the stock. Scotiabank reiterated a “sector outperform” rating and set a $69.00 price target (up previously from $59.00) on shares of Hess Corp. in a report on Tuesday, April 19th. Vetr raised shares of Hess Corp. from a “buy” rating to a “strong-buy” rating and set a $62.67 target price for the company in a research note on Thursday, May 5th. Tigress Financial downgraded shares of Hess Corp. from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 3rd. Capital One Financial Corp. downgraded shares of Hess Corp. from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, April 27th. They noted that the move was a valuation call. Finally, Citigroup Inc. reissued a “hold” rating and set a $58.00 target price (up previously from $54.00) on shares of Hess Corp. in a research note on Thursday, April 7th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $62.13.

The firm’s 50-day moving average price is $56.36 and its 200-day moving average price is $52.44. The company’s market cap is $16.05 billion.

Hess Corp. (NYSE:HES) last posted its earnings results on Wednesday, July 27th. The company reported ($1.10) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.24) by $0.14. The company earned $1.27 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same period in the prior year, the business posted ($0.52) earnings per share. The company’s revenue for the quarter was down 34.4% on a year-over-year basis. On average, equities analysts anticipate that Hess Corp. will post ($5.07) EPS for the current year.

Other large investors recently bought and sold shares of the company. Advantus Capital Management Inc boosted its stake in Hess Corp. by 1.4% in the fourth quarter. Advantus Capital Management Inc now owns 22,930 shares of the company’s stock valued at $1,112,000 after buying an additional 315 shares in the last quarter. GSA Capital Partners LLP boosted its stake in Hess Corp. by 52.6% in the fourth quarter. GSA Capital Partners LLP now owns 27,480 shares of the company’s stock valued at $1,332,000 after buying an additional 9,474 shares in the last quarter. Suntrust Banks Inc. boosted its stake in Hess Corp. by 53.7% in the fourth quarter. Suntrust Banks Inc. now owns 28,449 shares of the company’s stock valued at $1,378,000 after buying an additional 9,935 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Hess Corp. by 2.2% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 30,916 shares of the company’s stock valued at $1,499,000 after buying an additional 659 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management CO. LTD. boosted its stake in Hess Corp. by 5.7% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 34,130 shares of the company’s stock valued at $1,655,000 after buying an additional 1,830 shares in the last quarter.

Hess Corporation is an exploration and production (E&P) company. The Company is engaged in exploration, development, production, transportation, purchase and sale of crude oil, natural gas liquids, and natural gas. Its segments include E&P, which is engaged in the sale of crude oil, natural gas liquids and natural gas, and Bakken Midstream, which provides services, including crude oil and natural gas gathering, processing of natural gas and the fractionation of natural gas liquids, transportation of crude oil by rail car, terminaling and loading crude oil and natural gas liquids, and the storage and terminaling of propane, located in the Bakken shale play of North Dakota.

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