Hess (NYSE:HES) Target Raised by UBS Group AG to $49.00

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Hess stock has undergone multiple analysts rating changes in the recent past.  Hess stock Target Raised by   UBS Group AG on 6/29/2020. In a note to investors, the firm issued a new target price of $49.00. The analysts previously had $37.00 target price. UBS Group AG’s price target would indicate a potential upside of 0.66% from the stock’s previous close.

Shares of Hess traded up $1.48 on Monday, reaching $49.96. 1070551 shares of the stock traded hands, compared to its average volume of 2542685. Shares of were trading at $49.96 on Monday. The firm’s 50 day moving average is $47.95 and its 200 day moving average is 55.74.Hess  has a 12 month low of $48.42 and a 12 month high of $74.11. While on yearly highs and lows, Hess today has traded high as $49.96 and has touched $48.42 on the downward trend.

Hess Earnings and What to expect: 

Hess last posted its quarterly earnings data on May 7th, 2020. The oil and gas producer reported ($0.60) EPS for the quarter, topping the consensus estimate of ($0.65) by $0.05. The firm had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.48 billion. Its revenue for the quarter was down 14.4% compared to the same quarter last year. Hess has generated ($0.95) earnings per share over the last year. Hess has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Wednesday, July 29th, 2020 based off prior year’s report dates.

Earnings for Hess are expected to decrease in the coming year, from ($2.07) to ($3.57) per share. The P/E ratio of Hess is -5.25, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Hess is -5.25, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Hess has a P/B Ratio of 1.55. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Latest Insiders Trading and Volume : 

  • Insider Ownership Percentage: 11.39%
  • On 6/9/2020 SVP Andrew P. Slentz Sell 4,200 at average share price of $57.58 which equates to $241,836.00 in money value.
  • On 6/2/2020 COO Gregory P. Hill Sell 19,500 at average price of  $51.68 with total value of : Not Data Available
  • On 3/9/2020 COO Gregory P Hill Sell 7,172 at average price of  $32.39 with total value of : $232,301.08
  • See More Analyst Rating at: RATING

Other Analyst’s rating for Hess

  • 6/19/2020 – Hess had its price target raised by analysts at Mizuho from $45.00 to $53.00. ()
  • 6/2/2020 – Hess was upgraded by analysts at Citigroup Inc from a “neutral” rating to a “buy” rating. They now have a $60.00 price target on the stock, up previously from $46.00. ()
  • 6/1/2020 – Hess was upgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating. They now have a $53.00 price target on the stock, up previously from $37.00. ()
  • 5/19/2020 – Hess had its price target raised by analysts at Morgan Stanley from $48.00 to $49.00. They now have an “overweight” rating on the stock. ()
  • See More Analyst Rating at: RATING

Other rating updates by UBS Group AG: 

  • 6/29/2020 – Apache had its price target raised by analysts at UBS Group AG from $4.50 to $15.00. They now have a “neutral” rating on the stock. ()
  • 6/29/2020 – Berry Petroleum had its price target raised by analysts at UBS Group AG from $4.50 to $7.00. They now have a “buy” rating on the stock. ()
  • 6/29/2020 – Continental Resources had its price target raised by analysts at UBS Group AG from $7.00 to $16.00. They now have a “neutral” rating on the stock. ()
  • 6/29/2020 – ConocoPhillips had its price target raised by analysts at UBS Group AG from $50.00 to $62.00. They now have a “buy” rating on the stock. ()
  • See More Analyst Rating at: RATING

Hess (NYSE:HES) Moving Average Technical Analysis

5 day Moving Average is $50.01 And 5 day price change is -2.26 (-4.36%)  with average volume for 5 day average is 1,785,502. While technical analysis for average 20 days shows significant difference, 20 day moving average is  51.99 and 20 day price change is 0.86 (0.0177) and average 20 day moving volume is 2,689,421. 50 day moving average is 47.95  and 50 day price change is 12.21 ( 0.3269)  and with average volume for 50 days is : 2,723,628. 200 day moving average is 55.74  and 200 day price change is -13.92 (-21.93%)  and with average volume for 200 days is : 3,224,944.

See More Analyst Rating at: RATING