BMO Capital Markets Analysts Give Hess Corporation (HES) a $45.00 Price Target

BMO Capital Markets set a $45.00 price target on Hess Corporation (NYSE:HES) in a research report report published on Friday. The firm currently has a hold rating on the oil and gas producer’s stock.

Other research analysts have also recently issued research reports about the stock. BidaskClub cut shares of Hess Corporation from a sell rating to a strong sell rating in a research note on Friday, July 28th. Cowen and Company restated a hold rating and set a $50.00 target price on shares of Hess Corporation in a research note on Tuesday, August 22nd. Zacks Investment Research cut shares of Hess Corporation from a buy rating to a hold rating in a research note on Wednesday, November 8th. Piper Jaffray Companies set a $47.00 target price on shares of Hess Corporation and gave the company a buy rating in a research note on Friday, August 25th. Finally, Scotiabank set a $52.00 target price on shares of Hess Corporation and gave the company a buy rating in a research note on Wednesday, October 25th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $51.79.

Hess Corporation (NYSE HES) opened at $44.55 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.68 and a current ratio of 1.84. Hess Corporation has a one year low of $37.25 and a one year high of $65.56.

Hess Corporation (NYSE:HES) last released its earnings results on Wednesday, October 25th. The oil and gas producer reported ($1.07) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.29) by $0.22. Hess Corporation had a negative net margin of 113.21% and a negative return on equity of 9.30%. The company had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter in the previous year, the company earned ($1.12) EPS. Hess Corporation’s revenue for the quarter was up 39.3% on a year-over-year basis. research analysts forecast that Hess Corporation will post -4.64 earnings per share for the current year.

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In other news, COO Gregory P. Hill sold 11,726 shares of the business’s stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $38.37, for a total value of $449,926.62. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Brian D. Truelove sold 6,000 shares of the business’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $42.53, for a total transaction of $255,180.00. The disclosure for this sale can be found here. Insiders own 11.80% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Westpac Banking Corp increased its holdings in shares of Hess Corporation by 12.7% in the 2nd quarter. Westpac Banking Corp now owns 159,383 shares of the oil and gas producer’s stock worth $6,992,000 after buying an additional 18,000 shares during the last quarter. Swiss National Bank increased its holdings in shares of Hess Corporation by 2.8% in the 2nd quarter. Swiss National Bank now owns 1,037,865 shares of the oil and gas producer’s stock worth $45,531,000 after buying an additional 28,200 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of Hess Corporation by 6.5% in the 2nd quarter. Janus Henderson Group PLC now owns 223,277 shares of the oil and gas producer’s stock worth $9,793,000 after buying an additional 13,557 shares during the last quarter. Artisan Partners Limited Partnership increased its holdings in shares of Hess Corporation by 9.6% in the 2nd quarter. Artisan Partners Limited Partnership now owns 5,074,723 shares of the oil and gas producer’s stock worth $222,628,000 after buying an additional 445,857 shares during the last quarter. Finally, Korea Investment CORP increased its holdings in shares of Hess Corporation by 142.0% in the 2nd quarter. Korea Investment CORP now owns 2,645 shares of the oil and gas producer’s stock worth $116,000 after buying an additional 1,552 shares during the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Hess Corporation Company Profile

Hess Corporation is an exploration and production company. The Company is engaged in exploration, development, production, transportation, purchase and sale of crude oil, natural gas liquids (NGL) and natural gas. The Company’s segments include Exploration and Production, and Bakken Midstream. Its Exploration and Production segment explores for, develops, produces, purchases and sells crude oil, NGLs and natural gas with production operations primarily in the United States, Denmark, Equatorial Guinea, the Malaysia/Thailand Joint Development Area (JDA), Malaysia and Norway.

Analyst Recommendations for Hess Corporation (NYSE:HES)

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