Tudor Pickering Raises Hess Corp to Buy (HES)

By admin | 6 years ago

Hess Corp (NYSE: HES) was upgraded by Tudor Pickering from an “accumulate” rating to a “buy” rating in a research note issued on Wednesday.

Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays Capital (NYSE: BCS) reiterated an “equalweight” rating on shares of Hess Corp in a research note to investors on Thursday, May 31st. Separately, 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. Finally, 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.

Shares of Hess Corp traded down 0.07% during mid-day trading on Wednesday, hitting $45.07. Hess Corp has a 52 week low of $41.85 and a 52 week high of $77.12. The company has a market cap of $15.233 billion and a P/E ratio of 11.64.

Hess Corp last issued its quarterly earnings data 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. Hess Corp’s revenue was down 7.3% compared to the same quarter last year. On average, analysts predict that Hess Corp will post $1.49 earnings per share next quarter.

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