Analysts at Oppenheimer boosted their target price on shares of Hess Corp. (NYSE:HES), from $90.00 to $110.00 in a research report issued to clients and investors on Friday, AnalystRatingsNetwork reports. The firm currently has an “outperform” rating on the stock. Oppenheimer’s target price suggests a potential upside of 24.70% from the stock’s previous close. Hess Corp. (NYSE:HES), net profit margin is 17.10% and weekly performance is -1.20%. On last trading day company shares ended up $87.61. Analysts mean target price for the company is $96.29. Hess Corp. (NYSE:HES), distance from 50-day simple moving average (SMA50) is 4.21%.
Marathon Oil Corporation (NYSE:MRO), announced that John R. (J.R.) Sult, Marathon Oil executive vice president and chief financial officer, will present at the UBS Global Oil and Gas Conference in Austin on Tuesday, May 20 at 8:40 a.m. CDT. Marathon Oil Corporation (NYSE:MRO), advanced 0.59% in last trading session and ended the day on $35.91. MRO, Gross Margin is 70.60% and its return on assets is 5.00%. Marathon Oil Corporation (NYSE:MRO), quarterly performance is 10.80%.
On May 08, 2014, Anadarko Petroleum Corporation (NYSE:APC) declared that it supposes to conclude its long-running legal episode concerning Tronox Ltd during the second half of 2014. The closure of this long-drawn saga sometime after July, 2014 will allow the company to focus more keenly on its oil and gas business. Anadarko Petroleum Corporation (NYSE:APC), shares moved up 0.57% in last trading session and was closed at $100.58, while trading in range of $ 99.20 – $100.72. Anadarko Petroleum Corporation (NYSE:APC), year to date (YTD) performance is 27.08%.
As per reports from Bloomberg, Statoil ASA (ADR) (NYSE:STO), alongwith its joint venture partner Talisman Energy Inc. (NYSE:TLM) are evaluating options to sell their joint holding in Texas’ Eagle Ford basin. According to people with knowledge of the matter, the sale could bring $4 billion cash to the two entities. Statoil ASA (ADR) (NYSE:STO), ended the last trading day at $31.25. Company weekly volatility is calculated as 0.68% and price to cash ratio as 6.04. Statoil ASA(ADR) (NYSE:STO), showed a positive weekly performance of 1.92%.
The glut of natural gas production in the U.S. has not only led to lower costs for the commodity but also raised interest in ethane cracker projects. Royal Dutch Shell plc (ADR) (NYSE:RDS.A), is the latest major oil and gas company to move to take advantage of the favorable ethylene market and production opportunities. Royal Dutch Shell plc (ADR) (NYSE:RDS.A), on last trading day shares ended up $79.62.