Hess (NYSE:HES) PT Raised to $154.00

Hess (NYSE:HES) had its price target lifted by stock analysts at Susquehanna from $149.00 to $154.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm currently has a “neutral” rating on the oil and gas producer’s stock. Susquehanna’s price objective points to a potential upside of 10.46% from the company’s previous close.

HES has been the topic of a number of other research reports. Wolfe Research upgraded Hess from a “peer perform” rating to an “outperform” rating and set a $150.00 price target on the stock in a research report on Monday, September 30th. UBS Group decreased their target price on shares of Hess from $192.00 to $173.00 and set a “buy” rating on the stock in a report on Wednesday, September 18th. Scotiabank upped their price target on shares of Hess from $157.00 to $167.00 and gave the stock a “sector perform” rating in a report on Thursday, October 10th. Mizuho decreased their price objective on shares of Hess from $210.00 to $194.00 and set a “neutral” rating on the stock in a research note on Monday, September 16th. Finally, BMO Capital Markets boosted their price objective on shares of Hess from $155.00 to $160.00 and gave the company an “outperform” rating in a research report on Friday, October 4th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $164.00.

Hess Stock Performance

Shares of NYSE:HES opened at $139.42 on Friday. Hess has a 12-month low of $123.79 and a 12-month high of $167.75. The company’s 50 day moving average price is $135.11 and its two-hundred day moving average price is $145.30. The firm has a market cap of $42.96 billion, a PE ratio of 21.35 and a beta of 1.15. The company has a quick ratio of 1.14, a current ratio of 1.27 and a debt-to-equity ratio of 0.78.

Hess (NYSE:HES) last issued its quarterly earnings results on Wednesday, July 31st. The oil and gas producer reported $2.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.48 by $0.14. The business had revenue of $3.26 billion for the quarter, compared to the consensus estimate of $3.24 billion. Hess had a return on equity of 27.43% and a net margin of 21.22%. The firm’s quarterly revenue was up 40.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.65 earnings per share. Equities research analysts predict that Hess will post 10.22 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in HES. New Covenant Trust Company N.A. acquired a new position in Hess in the 1st quarter valued at approximately $25,000. Rise Advisors LLC acquired a new position in Hess during the 1st quarter worth about $27,000. Riverview Trust Co bought a new stake in shares of Hess in the 1st quarter valued at about $36,000. EverSource Wealth Advisors LLC increased its stake in shares of Hess by 47.6% in the first quarter. EverSource Wealth Advisors LLC now owns 273 shares of the oil and gas producer’s stock valued at $43,000 after buying an additional 88 shares during the period. Finally, Mather Group LLC. bought a new position in shares of Hess during the first quarter worth about $52,000. Institutional investors own 88.51% of the company’s stock.

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.