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

Hess Co. (NYSE:HES) has received a consensus rating of “Hold” from the thirteen analysts that are covering the firm, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $175.77.

A number of equities analysts have recently commented on HES shares. Susquehanna reduced their price objective on shares of Hess from $166.00 to $151.00 and set a “neutral” rating for the company in a report on Monday, August 19th. Citigroup lifted their price objective on Hess from $145.00 to $160.00 and gave the company a “neutral” rating in a report on Wednesday, June 5th. BMO Capital Markets cut Hess to an “overweight” rating and dropped their target price for the stock from $175.00 to $160.00 in a report on Monday, August 19th. UBS Group decreased their price target on Hess from $193.00 to $192.00 and set a “buy” rating on the stock in a research note on Tuesday, August 20th. Finally, Mizuho increased their price objective on Hess from $205.00 to $210.00 and gave the stock a “neutral” rating in a research note on Monday, May 13th.

Institutional Investors Weigh In On Hess

Hedge funds have recently added to or reduced their stakes in the stock. Manchester Capital Management LLC increased its stake in shares of Hess by 1.4% in the 1st quarter. Manchester Capital Management LLC now owns 5,102 shares of the oil and gas producer’s stock valued at $779,000 after buying an additional 68 shares during the period. Drive Wealth Management LLC increased its position in Hess by 1.6% in the second quarter. Drive Wealth Management LLC now owns 4,599 shares of the oil and gas producer’s stock worth $678,000 after purchasing an additional 72 shares during the period. Quent Capital LLC raised its holdings in Hess by 7.3% during the 2nd quarter. Quent Capital LLC now owns 1,074 shares of the oil and gas producer’s stock worth $158,000 after purchasing an additional 73 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its position in Hess by 17.9% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 507 shares of the oil and gas producer’s stock valued at $77,000 after purchasing an additional 77 shares during the period. Finally, Versant Capital Management Inc boosted its stake in shares of Hess by 16.9% in the 2nd quarter. Versant Capital Management Inc now owns 540 shares of the oil and gas producer’s stock valued at $80,000 after purchasing an additional 78 shares during the last quarter. Institutional investors own 88.51% of the company’s stock.

Hess Price Performance

NYSE HES opened at $138.18 on Monday. The firm has a market cap of $42.57 billion, a P/E ratio of 21.16 and a beta of 1.16. The stock’s 50-day moving average is $144.17 and its two-hundred day moving average is $149.01. Hess has a fifty-two week low of $130.35 and a fifty-two week high of $167.75. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.27 and a quick ratio of 1.10.

Hess (NYSE:HES) last released its quarterly earnings data on Wednesday, July 31st. The oil and gas producer reported $2.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.48 by $0.14. The business had revenue of $3.26 billion for the quarter, compared to analysts’ expectations of $3.24 billion. Hess had a return on equity of 27.43% and a net margin of 21.22%. Hess’s quarterly revenue was up 40.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.65 earnings per share. On average, analysts anticipate that Hess will post 11.08 earnings per share for the current fiscal year.

Hess Company Profile

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.