Barclays Maintains Hess Corp. to Equalweight with Price Target $64.00

Brokerage firm Barclays Maintains its rating on Hess Corp.(NYSE:HES). In a research note issued to the investors, the brokerage major Lowers the price-target to $64.00 per share. The shares have been rated Equalweight. The rating by Barclays was issued on Jul 28, 2016.

In a different note, On May 3, 2016, Tigress Financial said it Downgrades its rating on Hess Corp.. The shares have been rated ‘Neutral’ by the firm.

Hess Corp. (HES) made into the market gainers list on Thursdays trading session with the shares advancing 0.90% or 0.48 points. Due to strong positive momentum, the stock ended at $53.87, which is also near the day’s high of $55.14. The stock began the session at $53.28 and the volume stood at 53,49,856 shares. The 52-week high of the shares is $64.08 and the 52 week low is $32.405. The company has a current market capitalization of $17,062 M and it has 31,67,19,380 shares in outstanding.

Hess Corp.(HES) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $1.27B. Analysts had an estimated revenue of $1.26B. Earnings per share were $-1.10. Analysts had estimated an EPS of $-1.26.

Several Insider Transactions has been reported to the SEC. On Mar 30, 2016, Brian D. Truelove (Senior Vice President) sold 3,000 shares at $50.10 per share price.Also, On Mar 8, 2016, John P Rielly (Senior Vice President and CFO) sold 5,707 shares at $49.28 per share price.On Mar 8, 2016, Michael R Turner (Senior Vice President) sold 4,643 shares at $49.28 per share price, according to the Form-4 filing with the securities and exchange commission.

Hess Corporation (Hess) is an exploration and production (E&P) company that develops produces purchases transports and sells crude oil and natural gas. Its production operations are located primarily in the United States Denmark Equatorial Guinea the Joint Development Area of Malaysia/Thailand Malaysia and Norway. The Company’s production in the United States was from offshore properties in the Gulf of Mexico and onshore properties in the Bakken oil shale play in the Williston Basin of North Dakota the Permian Basin of Texas and the Utica Basin of Ohio. Approximately 16% of the Company’s crude oil and natural gas liquids production and 7% of its natural gas production were from European operations. Approximately 22% of the Company’s crude oil and natural gas liquids production were from its African operations. Approximately 1% of the Company’s crude oil and natural gas liquids production and 61% of its natural gas production were from its Asian and Other operations.

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