Hess Corp. (NYSE:HES) CEO John B. Hess sold 93,712 shares of the firm’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $44.29, for a total transaction of $4,150,504.48. Following the sale, the chief executive officer now owns 1,885,911 shares of the company’s stock, valued at $83,526,998.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Hess Corp. (HES) traded down $0.88 during midday trading on Friday, hitting $42.12. 6,907,679 shares of the stock traded hands, compared to its average volume of 4,710,764. The company has a current ratio of 2.53, a quick ratio of 1.68 and a debt-to-equity ratio of 0.52. Hess Corp. has a twelve month low of $37.25 and a twelve month high of $55.48. The stock has a market capitalization of $14,016.13, a price-to-earnings ratio of -3.21 and a beta of 1.58.
Hess (NYSE:HES) last issued its quarterly earnings results on Monday, February 5th. The oil and gas producer reported ($1.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.91) by ($0.10). Hess had a negative return on equity of 9.82% and a negative net margin of 74.55%. The firm had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter in the prior year, the firm earned ($1.01) EPS. The firm’s revenue was down 6.5% compared to the same quarter last year. analysts forecast that Hess Corp. will post -2.52 EPS for the current fiscal year.
Several equities research analysts recently issued reports on HES shares. BMO Capital Markets restated a “hold” rating and set a $50.00 price objective on shares of Hess in a research report on Thursday, January 11th. Zacks Investment Research cut shares of Hess from a “buy” rating to a “hold” rating in a research report on Thursday, October 12th. Scotiabank set a $52.00 price objective on shares of Hess and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Credit Suisse Group started coverage on shares of Hess in a research report on Monday, December 11th. They set an “underperform” rating and a $38.00 price objective for the company. Finally, Morgan Stanley raised their price objective on shares of Hess from $49.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 24th. Five analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $52.28.
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Hess Company Profile
Hess Corporation is an exploration and production company. The Company is engaged in exploration, development, production, transportation, purchase and sale of crude oil, natural gas liquids (NGL) and natural gas. The Company’s segments 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, the Malaysia/Thailand Joint Development Area (JDA), Malaysia and Norway.
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