The shares of Hess Corporation (NYSE:HES) has been pegged with a rating of Buy by MKM Partners in its latest research note that was published on May 28th, 2019. MKM Partners wasn’t the only research firm that published a report of Hess Corporation, with other equities research analysts also giving their opinion on the stock. CapitalOne advised investors in its research note published on May 15th, 2019, to Equal Weight the HES stock. The stock had earned Neutral rating from MKM Partners when it published its report on April 16th, 2019. That day the MKM Partners set price target on the stock to $71. The stock was given Equal-Weight rating by Stephens in its report released on January 29th, 2019. Stephens was of a view that HES is Overweight in its latest report on December 6th, 2018 while giving it a price target of $75. MKM Partners thinks that HES is worth Buy rating. This was contained in the firm’s report on December 6th, 2018 in which the stock’s price target was also moved to $73.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 11 believe it has the potential for further growth, thus rating it as Hold while 4 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $69.37. The price of the stock the last time has raised by 62.96% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 44.47.
The shares of the company added by 1.26% during the trading session on Tuesday, reaching a low of $57.41 while ending the day at $58.00. During the trading session, a total of 2.75 million shares were traded which represents a 13.49% incline from the average session volume which is 3.18M shares. HES had ended its last session trading at 57.28. Hess Corporation currently has a market cap of $17.28B while its P/E earnings growth sits at 2.64, with a beta of 1.93. Hess Corporation debt-to-equity ratio currently stands at 0.73, while its quick ratio hovers at 1.60. HES 52-week low price stands at $35.59 while its 52-week high price is $74.81.
The company in its last quarterly report recorded $0.09 earnings per share which is above the -$0.25 predicted by most analysts. The Hess Corporation generated $1,599.00 million in revenue during the last quarter, which is slightly higher than the $1,496.76 million predicted by analysts. In the second quarter last year, the firm recorded -$0.31 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 444.44%. Hess Corporation has the potential to record -0.62 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Citigroup published a research note on May 28th, 2019 where it informed investors and clients that Momo Inc. (NASDAQ:MOMO) is now rated as Buy. Their price target on the stock stands at $40. CapitalOne also rated MOMO as Upgrade on May 15th, 2019, with its price target of suggesting that MOMO could surge by 23.87% from its current share price. Even though the stock has been trading at $31.57/share, analysts expect it to surge higher by 1.01% to reach $41.89/share. It started the day trading at $33.41 and traded between $31.84 and $31.89 throughout the trading session.
A look at its technical shows that MOMO’s 50-day SMA is 33.24 while its 200-day SMA stands at 33.90. The stock has a high of $53.41 for the year while the low is $22.50. The company’s P/E ratio currently sits at 21.22, while the P/B ratio is 4.34. At the moment, only of Momo Inc. shares were sold short. The company’s average trading volume currently stands at 4.37M shares, which means that the short-interest ratio is just 1.23 days. Over the past seven days, the company moved, with its shift of 7.45%. Looking further, the stock has dropped -11.13% over the past 90 days while it gained 31.80% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. Renaissance Technologies LLC bought more MOMO shares, increasing its portfolio by +12.95% during the last quarter. This move now sees Renaissance Technologies LLC purchasing 1,482,100 shares in the last quarter, thus it now holds 12,927,803 shares of MOMO, with a total valuation of $356,419,529. Fidelity Management Research Co meanwhile bought more MOMO shares in the recently filed quarter, changing its stake to $244,459,440 worth of shares.
The firm bought 1,848,410 shares during the quarter which increased its stakes to 5,130,468 shares and is now valued at $141,447,003. Following these latest developments, around 3.00% of Momo Inc. stocks are owned by institutional investors and hedge funds.