Capital One Financial Corp. upped their target price on shares of Hess Corp. (NYSE:HES) from $100.00 to $103.00 in a research note issued on Thursday. Capital One Financial Corp.’s price target would suggest a potential upside of 15.34% from the stock’s previous close.
Shares of Hess Corp. (NYSE:HES) traded up 1.41% during mid-day trading on Thursday, hitting $90.56. 3,473,045 shares of the company’s stock traded hands. Hess Corp. has a 1-year low of $61.32 and a 1-year high of $90.29. The stock has a 50-day moving average of $87.17 and a 200-day moving average of $81.95. The company has a market cap of $28.807 billion and a P/E ratio of 7.21.
Hess Corp. (NYSE:HES) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.36. The company had revenue of $5.50 billion for the quarter, compared to the consensus estimate of $6.10 billion. During the same quarter in the previous year, the company posted $1.95 earnings per share. The company’s revenue for the quarter was down 35.0% on a year-over-year basis. On average, analysts predict that Hess Corp. will post $4.82 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Guggenheim raised their price target on shares of Hess Corp. from $92.00 to $96.00 in a research note on Wednesday, May 14th. Separately, analysts at Oppenheimer raised their price target on shares of Hess Corp. from $90.00 to $110.00 in a research note on Friday, May 9th. They now have an “outperform” rating on the stock. Finally, analysts at Barclays downgraded shares of Hess Corp. to a “market weight” rating in a research note on Thursday, May 1st. Ten equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $92.71.
Hess Corporation (NYSE:HES) is a global integrated energy company that operates in two segments: Exploration and Production (E&P) and Marketing and Refining (M&R).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.