Susquehanna Raises Hess (NYSE:HES) Price Target to $154.00

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

Several other research firms have also recently issued reports on HES. StockNews.com started coverage on Hess in a research note on Thursday. They set a “hold” rating on the stock. Wells Fargo & Company reduced their price objective on shares of Hess from $171.00 to $151.00 and set an “equal weight” rating on the stock in a research report on Friday, September 27th. Citigroup dropped their target price on shares of Hess from $160.00 to $145.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th. Scotiabank lifted their target price on shares of Hess from $157.00 to $167.00 and gave the company a “sector perform” rating in a research note on Thursday, October 10th. Finally, Mizuho decreased their price target on shares of Hess from $210.00 to $194.00 and set a “neutral” rating for the company in a research note on Monday, September 16th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $164.00.

Hess Trading Down 0.0 %

Shares of HES opened at $139.42 on Friday. The stock has a market capitalization of $42.96 billion, a P/E ratio of 21.35 and a beta of 1.15. Hess has a twelve month low of $123.79 and a twelve month high of $167.75. 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 firm has a fifty day simple moving average of $135.11 and a two-hundred day simple moving average of $145.22.

Hess (NYSE:HES) last posted its earnings results on Wednesday, July 31st. The oil and gas producer reported $2.62 earnings per share 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 during the quarter, compared to analyst estimates of $3.24 billion. During the same period in the prior year, the business posted $0.65 earnings per share. Hess’s revenue for the quarter was up 40.3% on a year-over-year basis. On average, research analysts anticipate that Hess will post 10.22 EPS for the current year.

Hess Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were given a dividend of $0.50 per share. 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 a positive change from Hess’s previous quarterly dividend of $0.44. Hess’s dividend payout ratio (DPR) is 30.63%.

Institutional Investors Weigh In On Hess

A number of institutional investors have recently modified their holdings of the stock. New Covenant Trust Company N.A. bought a new position in Hess in the 1st quarter worth about $25,000. Rise Advisors LLC bought a new position in shares of Hess in the first quarter worth approximately $27,000. Riverview Trust Co purchased a new stake in shares of Hess during the first quarter valued at approximately $36,000. EverSource Wealth Advisors LLC increased its position in shares of Hess by 47.6% during the first quarter. EverSource Wealth Advisors LLC now owns 273 shares of the oil and gas producer’s stock valued at $43,000 after acquiring an additional 88 shares in the last quarter. Finally, Mather Group LLC. purchased a new position in Hess in the 1st quarter worth approximately $52,000. 88.51% of the stock is owned by hedge funds and other institutional investors.

About Hess

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.