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Barclays Stick to Their Buy Rating for Hess

Published 04/15/2021, 09:10 PM
Updated 04/15/2021, 09:10 PM


Barclays (LON:BARC) analyst Jeanine Wai maintained a Buy rating on Hess on Wednesday, setting a price target of $81, which is approximately 12.02% above the present share price of $72.31.

Wai expects Hess to post earnings per share (EPS) of -$0.32 for the second quarter of 2021.

The current consensus among 11 TipRanks analysts is for a Strong Buy rating of shares in Hess, with an average price target of $83.85.
The analysts price targets range from a high of $110 to a low of $60.

In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $1.32 billion and a net profit of $67 million. The company's market cap is $22.2 billion.

According to TipRanks.com, Barclays analyst Jeanine Wai is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -5.9% and a 40.34% success rate.

Hess Corp (NYSE:HES) is an exploration and production company, which engages in exploration, development, production, transportation, purchase & sale of crude oil, natural gas liquids and natural gas with production operations. It operates through the following segments: Exploration and Production and Midstream. The Exploration and Production segment explores for, develops, produces, purchases and sells crude oil, natural gas liquids and natural gas. The Midstream segment provides fee-based services including crude oil and natural gas gathering, processing of natural gas and the fractionation of natural gas liquids, transportation of crude oil by rail car, terminaling and loading crude oil and natural gas liquids, and the storage and terminaling of propane, primarily in the Bakken shale play of North Dakota. The company was founded by Leon Hess in 1920 and is headquartered in New York, NY.

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