Equities analysts expect that Hess Corp. (NYSE:HES) will announce earnings per share of $0.21 for the current quarter, Zacks reports. Two analysts have issued estimates for Hess’ earnings. The highest EPS estimate is $0.75 and the lowest is ($0.29). Hess reported earnings of ($1.01) per share in the same quarter last year, which would indicate a positive year over year growth rate of 120.8%. The firm is expected to announce its next earnings report on Monday, February 4th.

On average, analysts expect that Hess will report full year earnings of $0.03 per share for the current year, with EPS estimates ranging from ($0.41) to $0.68. For the next year, analysts forecast that the business will report earnings of $1.78 per share, with EPS estimates ranging from ($1.05) to $3.02. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Hess.

Hess (NYSE:HES) last posted its quarterly earnings data on Wednesday, October 31st. The oil and gas producer reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.43. Hess had a negative net margin of 47.06% and a negative return on equity of 2.64%. The firm had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same quarter last year, the business posted ($1.07) EPS. The company’s revenue was up 11.2% on a year-over-year basis.

HES has been the subject of a number of research analyst reports. Zacks Investment Research upgraded shares of Hess from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a research report on Monday, July 16th. Mizuho initiated coverage on shares of Hess in a research report on Monday, July 23rd. They issued a “neutral” rating and a $80.00 target price for the company. Bank of America set a $80.00 target price on shares of Hess and gave the stock a “buy” rating in a research report on Wednesday, July 25th. KLR Group reiterated a “hold” rating and issued a $74.00 target price on shares of Hess in a research report on Monday, August 20th. Finally, Credit Suisse Group set a $61.00 target price on shares of Hess and gave the stock a “hold” rating in a research report on Monday, September 17th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company’s stock. Hess has an average rating of “Hold” and a consensus price target of $66.64.

Hess stock opened at $59.15 on Friday. Hess has a 52 week low of $40.37 and a 52 week high of $74.81. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.30 and a quick ratio of 2.29. The company has a market capitalization of $18.25 billion, a P/E ratio of -12.83, a PEG ratio of 387.42 and a beta of 1.55.

Institutional investors have recently added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd bought a new position in shares of Hess during the 2nd quarter valued at $104,000. Palo Capital Inc. bought a new position in shares of Hess during the 3rd quarter valued at $116,000. Tower Research Capital LLC TRC raised its holdings in shares of Hess by 509.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,084 shares of the oil and gas producer’s stock valued at $140,000 after purchasing an additional 1,742 shares in the last quarter. Atlas Capital Advisors LLC bought a new position in shares of Hess during the 3rd quarter valued at $153,000. Finally, Cornerstone Wealth Management LLC bought a new position in shares of Hess during the 2nd quarter valued at $154,000. Institutional investors and hedge funds own 88.65% of the company’s stock.

Hess Company Profile

Hess Corporation, an exploration and production company, develops, produces, purchases, transports, and sells crude oil, natural gas liquids (NGLs), and natural gas. It operates through two segments, Exploration and Production, and Midstream. The company conducts production operations primarily in the United States, Denmark, the Malaysia/Thailand Joint Development Area, and Malaysia; and exploration activities primarily offshore Guyana, Suriname, Canada, and in the Gulf of Mexico.

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Earnings History and Estimates for Hess (NYSE:HES)

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