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Oil and Gas Energy News Update

Wednesday, April 27, 2011

Hess Reports Strong Q1, Beats EPS By $0.87, Revs Up 21% YoY

Hess Reports Strong Q1, Beats EPS By $0.87, Revs Up 21% YoY



Apr 27, 2011

Hess Corporation (NYSE:HES) reported Q1 EPS of $2.74 today, beating the consensus estimate for $1.87 per share. Revenues for the quarter were up 21% year-over-year to $10.22 billion, beating the consensus estimate for $9.45 billion.

Hess has a potential upside of 19.9% based on a current price of $80.67 and an average consensus analyst price target of $96.7.

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