Barclays Capital Gives Equalweight Rating to Hess Corp (HES)

By admin | 6 years ago

Hess Corp (NYSE: HES)‘s stock had its “equalweight” rating restated by equities researchers at Barclays Capital (NYSE: BCS) in a report issued on Thursday.

Hess Corp opened at 43.70 on Thursday. Hess Corp has a 52-week low of $43.31 and a 52-week high of $78.10. The company has a market cap of $14.770 billion and a price-to-earnings ratio of 11.28.

Hess Corp last posted its quarterly earnings results on Wednesday, April 25th. The company reported $1.60 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.56 by $0.04. The company’s revenue for the quarter was down 7.3% on a year-over-year basis. On average, analysts predict that Hess Corp will post $1.54 earnings per share next quarter.

HES has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Hess Corp in a research note to investors on Wednesday, May 9th. They now have a $52.00 price target on the stock. Separately, analysts at Argus downgraded shares of Hess Corp from a “buy” rating to a “hold” rating in a research note to investors on Thursday, May 3rd. Finally, analysts at JPMorgan Chase (NYSE: JPM) downgraded shares of Hess Corp from an “overweight” rating to a “neutral” rating in a research note to investors on Thursday, April 26th. They now have a $68.00 price target on the stock, down previously from $89.00.

Hess Corporation (Hess) is a global integrated energy company that operates in two segments: Exploration and Production (E&P) and Marketing and Refining (M&R).

About the author