Hess Corporation (NYSE:HES) Valuation According To Analysts

Elias Hubbard
October 18, 2017

Outstanding shares refer to a company's stock presently held by all its shareholders, counting share blocks held by institutional shareholders and restricted shares owned by the company's officers and insiders.

Cna Financial Corp increased Hess Corp Com (HES) stake by 212.92% reported in 2017Q2 SEC filing. Akre Capital Management Llc owns 2.47 million shares or 5.41% of their U.S. portfolio. D Orazio & Associates Inc. boosted its holdings in Hess Corporation by 266.7% during the 1st quarter. Korea Investment CORP now owns 2,645 shares of the oil and gas producer's stock worth $116,000 after purchasing an additional 1,552 shares during the period. Korea Investment CORP lifted its holdings in Hess Corporation by 142.0% in the 2nd quarter. Over the past five trading sessions it is 4.93%; 2.65% for the month; -15.44% for the last quarter; -14.66% for the past six-months; and 33.53% for the last 12 months. Comparatively, Hess Corporation posted earnings of $-0.66 per share in the same quarter past year. (NYSE:HES). Moreover, Lombard Odier Asset Management (Europe) has 0.05% invested in Hess Corp. UBS Asset Management Americas Inc. now owns 2,968,188 shares of the oil and gas producer's stock worth $130,214,000 after acquiring an additional 580,842 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Hess Corporation by 84.7% during the second quarter. The Tortoise Capital Advisors Llc holds 7,413 shares with $325,000 value, down from 67,413 last quarter. "Has $3.06 Million Position in Hess Corporation (HES)" was originally posted by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this report on another publication, it was illegally copied and reposted in violation of USA & global copyright & trademark laws.

A number of research firms have recently commented on HES. Shares are clocking price at $44.99 with change of 1.79%.

Analysts on average have given a price target of $51.09 to Hess Corporation (HES) stock. This company shares are -44.13% up from its target price of $1 and the current market capitalization stands at $49.15M. Currently, Hess Corporation (NYSE:HES) has an average volume of 3.78 Million.

8 analysts on average are expecting the company to report revenue of $1.45 Billion for the current quarter. Hess Corporation had a negative return on equity of 8.49% and a negative net margin of 118.07%. The business's revenue for the quarter was down 3.2% on a year-over-year basis.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Monday, September 18th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.22%. The ex-dividend date of this dividend was Friday, September 15th.

09/13/2017 - Hess Corporation had its "equal weight" rating reiterated by analysts at Morgan Stanley. The Stock has YTD (year to date) performance of -26.09 percent. And the values below 20 that it is oversold indicate prices could very well bounce upwards.

Moving average convergence divergence (MACD) shows that the stock is on a PRICE RELATIVITY trend. The disclosure for this sale can be found here. The trend for the past 10-days shows that the company was in BEARISH territory while an analysis of the last 40-Day trend shows a BULLISH signal. On the other hand, company insiders are holding 11.33%. Hess Corp. had 49 analyst reports since July 22, 2015 according to SRatingsIntel. A stock with a beta more than 1 means high volatile and less than 1 means low volatile.

Analysts have given a mean recommendation of 2.40 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Zacks Investment Research upgraded Hess Corporation from a "hold" rating to a "buy" rating and set a $50.00 target price on the stock in a report on Wednesday, October 11th. Keefe Bruyette & Woods maintained it with "Hold" rating and $20.0 target in Thursday, September 28 report. 4 analysts say it's a Hold while 0 analysts provided their expert opinion as Sell. On the other end, a stock with a score from 0-2 would be viewed as weak.

Hess Corporation, launched on February 7, 1920, is an exploration and production company. The Firm is engaged in exploration, development, production, transportation, purchase and sale of crude oil, natural gas liquids and natural gas. The Company's divisions 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.

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