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HES has been the subject of a number of other reports. Sanford C. Bernstein raised shares of Hess from a "market perform" rating to an "outperform" rating and upped their target price for the company from $166.00 to $172.00 in a report on Wednesday, July 17th. UBS Group decreased their target price on shares of Hess from $192.00 to $173.00 and set a "buy" rating on the stock in a research report on Wednesday, September 18th. Piper Sandler lowered their price target on Hess from $173.00 to $167.00 in a report on Friday, September 13th. Wells Fargo & Company lowered 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 note on Friday, September 27th. Finally, Mizuho cut their price target on Hess from $210.00 to $194.00 and set a "neutral" rating for the company in a report on Monday, September 16th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $164.00.

View Our Latest Report on Hess

NYSE HES opened at $138.50 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 firm has a 50 day moving average of $135.38 and a two-hundred day moving average of $144.93. The stock has a market capitalization of $42.67 billion, a PE ratio of 21.21 and a beta of 1.15. Hess has a 52 week low of $123.79 and a 52 week high of $163.98.

Hess (NYSE:HES - Get Free Report) last posted its earnings results on Wednesday, July 31st. The oil and gas producer reported $2.62 EPS for the quarter, beating 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 firm had revenue of $3.26 billion for the quarter, compared to the consensus estimate of $3.24 billion. During the same period last year, the firm posted $0.65 EPS. The company's revenue was up 40.3% on a year-over-year basis. As a group, research analysts expect that Hess will post 10.22 EPS for the current fiscal year.

A number of hedge funds have recently made changes to their positions in the business. Bank of New York Mellon Corp grew its holdings in Hess by 34.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,835,486 shares of the oil and gas producer's stock valued at $418,291,000 after purchasing an additional 726,631 shares in the last quarter. Hsbc Holdings PLC lifted its holdings in Hess by 76.4% in the second quarter. Hsbc Holdings PLC now owns 1,532,132 shares of the oil and gas producer's stock worth $227,273,000 after acquiring an additional 663,338 shares during the last quarter. Bank of Montreal Can boosted its position in Hess by 64.3% during the 2nd quarter. Bank of Montreal Can now owns 1,449,969 shares of the oil and gas producer's stock valued at $218,220,000 after purchasing an additional 567,550 shares during the period. Marshall Wace LLP boosted its holdings in shares of Hess by 45.6% during the second quarter. Marshall Wace LLP now owns 1,794,087 shares of the oil and gas producer's stock valued at $264,664,000 after acquiring an additional 561,832 shares during the period. Finally, Sculptor Capital LP grew its position in Hess by 188.7% in the 2nd quarter. Sculptor Capital LP now owns 765,542 shares of the oil and gas producer's stock worth $112,933,000 after purchasing an additional 500,342 shares during the last quarter. Hedge funds and other institutional investors own 88.51% of the company's stock.

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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