Hess Corp (NYSE: HES) was upgraded by investment analysts at ISI Group to a “buy” rating in a note issued to investors on Tuesday.

Shares of Hess Corp opened at 68.84 on Tuesday. Hess Corp has a 52 week low of $39.67 and a 52 week high of $70.77. The stock’s 50-day moving average is currently $64.26. The company has a market cap of $23.440 billion and a P/E ratio of 10.57.

Hess Corp last issued its quarterly earnings data on Wednesday, January 30th. The company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.25. The company had revenue of $9.70 billion for the quarter, compared to the consensus estimate of $9.69 billion. During the same quarter in the previous year, the company posted ($0.39) earnings per share. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. On average, analysts predict that Hess Corp will post $6.34 earnings per share for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Oppenheimer raised their price target on shares of Hess Corp from $80.00 to $85.00 in a research note to investors on Tuesday. They now have an “outperform” rating on the stock. Separately, analysts at Societe Generale upgraded shares of Hess Corp to a “buy” rating in a research note to investors on Monday. Finally, analysts at Goldman Sachs reiterated a “neutral” rating on shares of Hess Corp in a research note to investors on Monday.

Seven investment analysts have rated the stock with a buy rating, two have given an overweight rating, thirteen have issued a hold rating, and one has issued a sell rating to the company’s stock. The company presently has an average rating of “overweight” and an average target price of $73.18.

The company also recently declared a quarterly dividend, which is scheduled for Friday, March 29th. Investors of record on Friday, March 15th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.58%.

Hess Corporation (Hess) is a global integrated energy company that operates in two segments: Exploration and Production (E&P) and Marketing and Refining (M&R).

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