Hess Corp. Given Buy Rating at TheStreet
posted on
Jun 25, 2013 11:23PM
Developing large acreage positions of unconventional and conventional oil and gas resources
Well, the street likes Hess, that's for sure.
Posted by John Perry on Jun 25th, 2013 // No Comments
Hess Corp. (NYSE: HES)‘s stock had its “buy” rating reiterated by equities research analysts at TheStreet in a research note issued to investors on Tuesday, Analyst Ratings.Net reports.
The analysts wrote, “Hess (HES) has been reiterated by TheStreet Ratings as a buy with a ratings score of B. The company’s strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and attractive valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow.”
A number of other firms have also recently commented on HES. Analysts at Clarkson Capital initiated coverage on shares of Hess Corp. in a research note to investors on Friday, June 14th. They set an “outperform” rating on the stock. Separately, analysts at Ned Davis Research upgraded shares of Hess Corp. from a “neutral” rating to a “buy” rating in a research note to investors on Monday, June 10th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Hess Corp. in a research note to investors on Friday, May 17th. They now have a $73.00 price target on the stock.
Thirteen equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $75.31.
Shares of Hess Corp. (NYSE: HES) traded up 1.42% during mid-day trading on Tuesday, hitting $63.76. Hess Corp. has a one year low of $39.68 and a one year high of $74.48. The stock’s 50-day moving average is currently $68.39. The company has a market cap of $21.627 billion and a P/E ratio of 7.78.
Hess Corp. (NYSE: HES) last issued its quarterly earnings data on Wednesday, April 24th. The company reported $1.95 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.57 by $0.38. The company had revenue of $4.12 billion for the quarter, compared to the consensus estimate of $2.96 billion. During the same quarter last year, the company posted $1.60 earnings per share. On average, analysts predict that Hess Corp. will post $6.26 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, June 28th. Shareholders of record on Monday, June 17th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.64%. The ex-dividend date is Thursday, June 13th.
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).