Hess Co. (NYSE:HES) Receives Consensus Rating of “Hold” from Analysts

Hess Co. (NYSE:HESGet Free Report) has received a consensus rating of “Hold” from the eleven brokerages that are currently covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $172.71.

HES has been the topic of several research analyst reports. Morgan Stanley lowered their target price on shares of Hess from $166.00 to $165.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 17th. UBS Group dropped their target price on shares of Hess from $210.00 to $195.00 and set a “buy” rating on the stock in a research report on Thursday, December 14th. Citigroup boosted their price target on shares of Hess from $155.00 to $163.00 and gave the company a “neutral” rating in a report on Wednesday, October 18th. Argus raised shares of Hess from a “hold” rating to a “buy” rating and set a $171.00 price target on the stock in a report on Tuesday, November 7th. Finally, Raymond James reissued a “market perform” rating on shares of Hess in a report on Tuesday, October 24th.

Get Our Latest Report on Hess

Hess Price Performance

HES opened at $143.56 on Thursday. Hess has a twelve month low of $113.82 and a twelve month high of $167.75. The company has a current ratio of 1.05, a quick ratio of 1.20 and a debt-to-equity ratio of 0.88. The firm has a market cap of $44.09 billion, a price-to-earnings ratio of 31.90 and a beta of 1.28. The company has a fifty day simple moving average of $142.24 and a 200 day simple moving average of $148.41.

Hess (NYSE:HESGet Free Report) last posted its quarterly earnings results on Wednesday, January 31st. The oil and gas producer reported $1.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.20. The company had revenue of $3.04 billion for the quarter, compared to the consensus estimate of $2.76 billion. Hess had a net margin of 12.98% and a return on equity of 17.00%. The company’s revenue for the quarter was down .6% on a year-over-year basis. During the same period last year, the firm posted $1.78 EPS. Equities research analysts expect that Hess will post 8.1 EPS for the current fiscal year.

Hess Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Monday, December 18th were given a dividend of $0.4375 per share. The ex-dividend date of this dividend was Friday, December 15th. This represents a $1.75 annualized dividend and a yield of 1.22%. Hess’s dividend payout ratio (DPR) is 38.89%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Alberta Investment Management Corp lifted its position in Hess by 1,093.4% during the 4th quarter. Alberta Investment Management Corp now owns 72,800 shares of the oil and gas producer’s stock worth $10,495,000 after buying an additional 66,700 shares in the last quarter. BTG Pactual Global Asset Management Ltd acquired a new position in Hess during the 4th quarter worth about $5,991,000. SPX Gestao de Recursos Ltda bought a new stake in Hess during the 4th quarter worth about $8,315,000. Alpha DNA Investment Management LLC bought a new stake in Hess during the 4th quarter worth about $783,000. Finally, Bank of Nova Scotia raised its holdings in Hess by 774.8% during the 4th quarter. Bank of Nova Scotia now owns 522,707 shares of the oil and gas producer’s stock worth $75,351,000 after purchasing an additional 462,953 shares during the last quarter. Institutional investors and hedge funds own 81.72% of the company’s stock.

Hess Company Profile

(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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Analyst Recommendations for Hess (NYSE:HES)

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