Hess (NYSE:HES) Price Target Increased to $138.00 by Analysts at Susquehanna

Hess (NYSE:HESGet Rating) had its price target raised by analysts at Susquehanna from $118.00 to $138.00 in a research report issued to clients and investors on Monday, The Fly reports. Susquehanna’s price target indicates a potential upside of 29.64% from the company’s current price.

Other analysts have also recently issued reports about the company. StockNews.com started coverage on Hess in a report on Thursday, March 31st. They set a “hold” rating on the stock. Zacks Investment Research upgraded Hess from a “hold” rating to a “strong-buy” rating and set a $130.00 target price on the stock in a report on Monday, April 11th. Barclays upped their target price on Hess from $124.00 to $131.00 and gave the company an “overweight” rating in a report on Tuesday, April 12th. Morgan Stanley upped their target price on Hess from $121.00 to $137.00 and gave the company an “overweight” rating in a report on Friday. Finally, TheStreet upgraded Hess from a “c+” rating to a “b” rating in a report on Monday, January 31st. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $116.57.

NYSE:HES opened at $106.45 on Monday. The stock has a market cap of $33.13 billion, a P/E ratio of 59.14 and a beta of 1.76. The company has a current ratio of 1.42, a quick ratio of 1.35 and a debt-to-equity ratio of 1.16. The stock’s 50-day moving average is $103.11 and its 200-day moving average is $90.69. Hess has a 1-year low of $61.93 and a 1-year high of $117.06.

Hess (NYSE:HESGet Rating) last released its quarterly earnings results on Wednesday, January 26th. The oil and gas producer reported $0.85 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.76 by $0.09. The company had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $1.97 billion. Hess had a return on equity of 10.23% and a net margin of 7.37%. The business’s quarterly revenue was up 59.1% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.58) earnings per share. As a group, equities analysts forecast that Hess will post 9.22 EPS for the current year.

In other news, CEO John B. Hess sold 220,742 shares of the stock in a transaction on Thursday, February 3rd. The stock was sold at an average price of $91.27, for a total transaction of $20,147,122.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Barbara J. Lowery-Yilmaz sold 62,765 shares of the stock in a transaction on Tuesday, February 15th. The stock was sold at an average price of $90.65, for a total value of $5,689,647.25. The disclosure for this sale can be found here. Insiders have sold 1,002,198 shares of company stock worth $96,261,545 over the last ninety days. 12.22% of the stock is owned by insiders.

Several hedge funds have recently bought and sold shares of HES. Nordea Investment Management AB boosted its stake in Hess by 100.0% in the 3rd quarter. Nordea Investment Management AB now owns 29,080 shares of the oil and gas producer’s stock worth $2,262,000 after purchasing an additional 14,540 shares during the period. SG Americas Securities LLC boosted its stake in Hess by 11.6% in the 3rd quarter. SG Americas Securities LLC now owns 10,126 shares of the oil and gas producer’s stock worth $791,000 after purchasing an additional 1,055 shares during the period. Raymond James & Associates boosted its stake in Hess by 22.1% in the 3rd quarter. Raymond James & Associates now owns 52,482 shares of the oil and gas producer’s stock worth $4,099,000 after purchasing an additional 9,504 shares during the period. Herold Advisors Inc. bought a new position in Hess in the 3rd quarter worth about $101,000. Finally, Kornitzer Capital Management Inc. KS boosted its stake in Hess by 1.0% in the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 818,416 shares of the oil and gas producer’s stock worth $63,926,000 after purchasing an additional 8,393 shares during the period. Institutional investors own 83.64% of the company’s stock.

Hess Company Profile (Get Rating)

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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