Hess (NYSE:HES) Price Target Increased to $140.00 by Analysts at Raymond James

Hess (NYSE:HESGet Rating) had its target price lifted by investment analysts at Raymond James from $112.00 to $140.00 in a report issued on Monday, Benzinga reports. The firm currently has an “outperform” rating on the oil and gas producer’s stock. Raymond James’ target price would suggest a potential upside of 31.52% from the stock’s previous close.

A number of other analysts also recently issued reports on HES. Susquehanna lifted their price target on shares of Hess from $118.00 to $138.00 and gave the company a “positive” rating in a report on Monday. Barclays raised their price target on Hess from $124.00 to $131.00 and gave the company an “overweight” rating in a report on Tuesday, April 12th. Zacks Investment Research upgraded Hess from a “hold” rating to a “strong-buy” rating and set a $130.00 target price for the company in a research report on Monday, April 11th. TheStreet upgraded shares of Hess from a “c+” rating to a “b” rating in a research report on Monday, January 31st. Finally, Morgan Stanley increased their price objective on shares of Hess from $121.00 to $137.00 and gave the company an “overweight” rating in a research report on Friday. Three equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $118.57.

Shares of NYSE HES opened at $106.45 on Monday. The stock has a market cap of $33.13 billion, a PE ratio of 59.14 and a beta of 1.76. Hess has a 1 year low of $61.93 and a 1 year high of $117.06. The firm has a fifty day moving average price of $103.11 and a 200-day moving average price of $90.69. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.42 and a quick ratio of 1.35.

Hess (NYSE:HESGet Rating) last announced its quarterly earnings data on Wednesday, January 26th. The oil and gas producer reported $0.85 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.09. The business had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $1.97 billion. Hess had a return on equity of 10.23% and a net margin of 7.37%. The business’s revenue was up 59.1% on a year-over-year basis. During the same period in the previous year, the business earned ($0.58) earnings per share. On average, research analysts expect that Hess will post 9.22 EPS for the current year.

In other news, EVP Timothy B. Goodell sold 65,867 shares of the firm’s stock in a transaction that occurred on Thursday, February 3rd. The shares were sold at an average price of $91.44, for a total transaction of $6,022,878.48. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Barbara J. Lowery-Yilmaz sold 7,405 shares of Hess stock in a transaction that occurred on Thursday, February 3rd. The shares were sold at an average price of $91.00, for a total transaction of $673,855.00. The disclosure for this sale can be found here. Insiders have sold a total of 1,002,198 shares of company stock valued at $96,261,545 over the last three months. 12.22% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of HES. City State Bank bought a new position in shares of Hess during the 4th quarter worth $25,000. Riverview Trust Co bought a new position in Hess during the 1st quarter worth about $25,000. Moors & Cabot Inc. purchased a new position in Hess during the 3rd quarter valued at about $27,000. Citizens National Bank Trust Department bought a new stake in shares of Hess in the 4th quarter valued at about $37,000. Finally, Level Financial Advisors Inc. bought a new stake in shares of Hess in the 4th quarter valued at about $56,000. 83.64% of the stock is owned by institutional investors and hedge funds.

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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