Hess Corporation (NYSE:HES) registered a -2.31% decrease, still its new closing price is 64.33% up from the company’s 1 year high of 65.30.It posted -5.36% losses in previous 5 sessions and is now the subject of 14 analysts who together assign a hold rating on stock. 0 of Wall Street analysts have an underperform rating; the 0 sells versus 5 buy or better ratings. The 27 stock analysts following this company have an average price target at $65.75, with individual PT in the $54.00-$80.00 range. The shares moved at $54.87, implying that brokerage firms see shares gaining about 38.58% in twelve months time.
Hess Corporation (HES) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a -11.91% fall year to date. A COO and President, E&P at Hess Corporation (HES) offloaded shares in a transaction closed on Thursday November 17, 2016. Hill Gregory P. sold 2,951 shares in the company at $51.78 each and collected $152,001 in proceeds. Hill Gregory P. now owns 61,596 shares in the company after this transaction. A Senior Vice President in the company, Truelove Brian D., disclosed a transaction on Friday November 04, 2016 that ended up generating $237,000 from the sale of 5,000 shares at $47.41 per share.
Hess Corporation (NYSE:HES) Upcoming Results on Tap
Hess Corporation will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $-1.00 in that period. Sales during the quarter are predicted to arrive at $1.35 billion.
Earnings surprise history: Last quarter, the company posted approximately $1.39 billion in revenue and EPS of $-1.01. The mean forecast was for $1.22 billion and $-1.09 a share, respectively. One quarter earlier, revenue for the stock was at $1.2 billion, with earnings at $-1.12/share.
Hess Corporation (HES) Brokerage Update
Hess Corporation (HES) is in JP Morgan’s research list so their analyst rating change is noteworthy. These shares were upgraded to Overweight from Neutral by JP Morgan, according to news reported on Thursday December 08, 2016.Another important research note was issued by UBS on Thursday April 28, 2016.The firm downgraded HES to Neutral from Buy. Over the last six months and over the last three months, the shares of Hess Corporation (HES), have changed 6.16% and 9.61%, respectively.