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Company Update: Hess Corporation (NYSE:HES) – Hess Recognized in 2016 Newsweek Green Rankings U.S. 500

[Business Wire] – Hess Corporation today announced it has received one of the highest rankings among energy producers in the 2016 Newsweek Green Rankings U.S. 500 – one of the world’s most recognized assessments of corporate environmental performance. Read more on this. Hess Corporation (HES) , with a current market cap of $18.93B, began trading this morning at $58.95. Looking at the stock, its one day range is $58.59 to $60.37 with its 52-week range being $32.41 to $70.67. Priced at -10.91x this year’s forecasted earnings, HES shares are relatively inexpensive compared to the industry’s -8.28x forward p/e ratio. The company pays shareholders $1.00 per share in dividend income per year, for a current yield of 1.71%. In a review of the consensus earnings estimate this quarter, 19 sell-side analysts are looking at $-1.33 per share, which would be $0.00 better than the year-ago quarter and a $0.00 sequential decrease. The full-year EPS estimate is $-5.35 which would be a $1.42 setback than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $1.07 Billion. If reported, that would be a 44.85% decrease over the year-ago quarter. Recently, UBS downgraded HES from Buy to Neutral (Apr 28, 2016). Previously, Credit Suisse downgraded HES from Outperform to Neutral. When considering if the stock is under or overvalued, the average price target is $63.13, which is 7.09% above where the stock opened this morning. See more in (NYSE:HES) Similar Articles: Market Update: Hess Corporation (NYSE:HES) – Hess Announces Regular Quarterly Dividend On Common Stock Company Update (NYSE:HES): Hess Reports Estimated Results for the First Quarter of 2016 Market Update: Hess Corporation (NYSE:HES) – Hess Reports Estimated Results for the Fourth Quarter of 2015
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