NEW YORK (TheStreet) -- Shares of Hess (HES) are rising, up 0.38% to $66.53 in early market trading on Monday, after the company had coverage resumed with a "buy" rating by analysts at Goldman Sachs this morning.
Goldman Sachs analysts also set a $92 price target on shares of the oil and gas company.
Hess recently declared a quarterly dividend scheduled for Wednesday, December 31. Investors will be given a dividend of 25 cents per share, representing a $1.00 dividend on an annualized basis and a yield of 1.5%.
New York City-based Hess is a global integrated energy company that operates under segments including exploration and production, and marketing and refining.
Separately, TheStreet Ratings team rates HESS CORP as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:
"We rate HESS CORP (HES) a HOLD. The primary factors that have impacted our rating are mixed, some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and a generally disappointing performance in the stock itself."