Hess Co. (NYSE:HES) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Hess Co. (NYSE:HESGet Free Report) have received a consensus recommendation of “Hold” from the eleven ratings firms that are currently covering the firm, Marketbeat.com reports. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $172.71.

A number of equities research analysts recently issued reports on the company. Wells Fargo & Company reissued an “equal weight” rating and issued a $171.00 target price (up previously from $170.00) on shares of Hess in a research report on Tuesday, October 24th. UBS Group cut their price target on shares of Hess from $210.00 to $195.00 and set a “buy” rating for the company in a research report on Thursday, December 14th. Raymond James reissued a “market perform” rating on shares of Hess in a research note on Tuesday, October 24th. Susquehanna dropped their target price on shares of Hess from $160.00 to $152.00 and set a “neutral” rating on the stock in a report on Friday, January 26th. Finally, Citigroup upped their price target on Hess from $155.00 to $163.00 and gave the company a “neutral” rating in a report on Wednesday, October 18th.

Read Our Latest Stock Analysis on Hess

Hess Stock Down 0.6 %

Shares of HES stock opened at $145.20 on Thursday. The company has a market capitalization of $44.60 billion, a price-to-earnings ratio of 32.27 and a beta of 1.28. The company has a quick ratio of 1.20, a current ratio of 1.05 and a debt-to-equity ratio of 0.88. Hess has a 12-month low of $113.82 and a 12-month high of $167.75. The firm has a fifty day moving average of $142.07 and a 200-day moving average of $148.47.

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

Hess Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Monday, December 18th were paid a $0.4375 dividend. This represents a $1.75 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend was Friday, December 15th. Hess’s dividend payout ratio (DPR) is presently 38.89%.

Institutional Trading of Hess

Hedge funds and other institutional investors have recently modified their holdings of the business. NBC Securities Inc. acquired a new position in shares of Hess in the third quarter worth $26,000. KB Financial Partners LLC purchased a new stake in shares of Hess during the 1st quarter worth $26,000. Pacific Capital Wealth Advisors Inc. purchased a new position in Hess in the fourth quarter valued at $27,000. Sound Income Strategies LLC acquired a new stake in Hess in the fourth quarter valued at $29,000. Finally, Larson Financial Group LLC purchased a new stake in Hess during the 3rd quarter worth about $30,000. 81.72% of the stock is owned by institutional investors and hedge funds.

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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