Hess (NYSE:HES) PT Raised to $154.00 at Susquehanna

by · The Cerbat Gem

Hess (NYSE:HES – Free Report) had its price target lifted by Susquehanna from $149.00 to $154.00 in a research note published on Friday morning, Benzinga reports. Susquehanna currently has a neutral rating on the oil and gas producer’s stock.

A number of other equities research analysts have also recently commented on HES. Scotiabank raised their price objective on Hess from $157.00 to $167.00 and gave the company a “sector perform” rating in a research note on Thursday, October 10th. Wells Fargo & Company lowered their target price on shares of Hess from $171.00 to $151.00 and set an “equal weight” rating on the stock in a report on Friday, September 27th. BMO Capital Markets lifted their price target on Hess from $155.00 to $160.00 and gave the company an “outperform” rating in a research note on Friday, October 4th. Sanford C. Bernstein raised Hess from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $166.00 to $172.00 in a report on Wednesday, July 17th. Finally, UBS Group dropped their target price on Hess from $192.00 to $173.00 and set a “buy” rating on the stock in a report on Wednesday, September 18th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $164.00.

Read Our Latest Stock Analysis on Hess

Hess Stock Up 0.1 %

Hess stock opened at $139.60 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.27 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $43.01 billion, a PE ratio of 21.38 and a beta of 1.15. The firm’s fifty day moving average is $135.20 and its 200 day moving average is $145.11. Hess has a 12-month low of $123.79 and a 12-month high of $166.50.

Hess (NYSE:HES – Get Free Report) last released its quarterly earnings data on Wednesday, July 31st. The oil and gas producer reported $2.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.48 by $0.14. Hess had a net margin of 21.22% and a return on equity of 27.43%. The company had revenue of $3.26 billion for the quarter, compared to analysts’ expectations of $3.24 billion. During the same quarter in the prior year, the firm earned $0.65 EPS. The business’s revenue was up 40.3% on a year-over-year basis. As a group, sell-side analysts predict that Hess will post 10.22 EPS for the current fiscal year.

Hess Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend was Monday, September 16th. This is an increase from Hess’s previous quarterly dividend of $0.44. Hess’s dividend payout ratio is 30.63%.

Institutional Investors Weigh In On Hess

A number of hedge funds have recently made changes to their positions in HES. Manchester Capital Management LLC grew its position in Hess by 1.4% during the first quarter. Manchester Capital Management LLC now owns 5,102 shares of the oil and gas producer’s stock valued at $779,000 after buying an additional 68 shares during the period. Drive Wealth Management LLC grew its position in shares of Hess by 1.6% during the 2nd quarter. Drive Wealth Management LLC now owns 4,599 shares of the oil and gas producer’s stock valued at $678,000 after acquiring an additional 72 shares during the period. Quent Capital LLC increased its stake in shares of Hess by 7.3% during the 2nd quarter. Quent Capital LLC now owns 1,074 shares of the oil and gas producer’s stock worth $158,000 after purchasing an additional 73 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its holdings in shares of Hess by 17.9% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 507 shares of the oil and gas producer’s stock worth $77,000 after purchasing an additional 77 shares during the period. Finally, Versant Capital Management Inc lifted its stake in Hess by 16.9% in the second quarter. Versant Capital Management Inc now owns 540 shares of the oil and gas producer’s stock valued at $80,000 after purchasing an additional 78 shares during the last quarter. 88.51% of the stock is currently owned by institutional investors.

Hess Company Profile

(Get Free Report)

Hess Corporation, an exploration and production company, explores, develops, produces, purchases, transports, and sells crude oil, natural gas liquids (NGLs), and natural gas. The company operates in two segments, Exploration and Production, and Midstream. It conducts production operations primarily in the United States, Guyana, the Malaysia/Thailand Joint Development Area, and Malaysia; and exploration activities principally offshore Guyana, the U.S.

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