Barclays Maintains an 'Overweight' on Hess Corp. (HES); Q1 Preview
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Price: $148.97 --0%
Rating Summary:
19 Buy, 21 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
19 Buy, 21 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Barclays maintains an 'Overweight' on Hess Corp. (NYSE: HES), PT $105.
Barclays analyst says, "We expect HES to report 1Q11 EPS of $2.02/share, compared to consensus of $1.95/share. We forecast upstream earnings of $695 million or $19.0/boe, up 47% y-o-y, and 75% q-o-q. We expect exploration expense to be $275 million. Total production is estimated at 406 mboe/d (000's boe/d), down 4% y-o-y and 3% q-o-q. We expect downstream earnings of $85 million, compared to $28 million in 4Q10 and $86 million in 1Q10. We forecast refining throughput at 237 mb/d, compared to 252 mb/d in 4Q10 and 250 mb/d in 1Q10."
For more ratings news on Hess Corp. click here and for the rating history of Hess Corp. click here.
Shares of Hess Corp. closed at $80.68 yesterday.
Barclays analyst says, "We expect HES to report 1Q11 EPS of $2.02/share, compared to consensus of $1.95/share. We forecast upstream earnings of $695 million or $19.0/boe, up 47% y-o-y, and 75% q-o-q. We expect exploration expense to be $275 million. Total production is estimated at 406 mboe/d (000's boe/d), down 4% y-o-y and 3% q-o-q. We expect downstream earnings of $85 million, compared to $28 million in 4Q10 and $86 million in 1Q10. We forecast refining throughput at 237 mb/d, compared to 252 mb/d in 4Q10 and 250 mb/d in 1Q10."
For more ratings news on Hess Corp. click here and for the rating history of Hess Corp. click here.
Shares of Hess Corp. closed at $80.68 yesterday.
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