Major Analyst Actions Under Review: Hess Corporation (HES), Waste Management, Inc. (WM)

The recently concluded session had traders exchanging Hess Corporation (NYSE:HES) low level. Roughly 2.49 million shares changed hands compared to the three-month volume average 4.06 million shares. The first trade took place at $60.36 and the stock went up 0.41% to attain the closing price of $61.08.

Hess Corporation (HES) Analyst Opinion

Hess Corporation has a consensus hold rating from 22 Wall Street analysts, and the number of shares currently sold short amount to at least 9.06% of shares outstanding. The stock spiked 4.04% last month and is up 28.67 this year. Wall Street is only getting more bullish on the stock, with 8 of analysts who cover HES having a buy-equivalent rating. Analysts have placed a $62.33 price target on Hess Corporation, suggesting a 2.05% gain from recent close. It’s currently trading about -7.3% below its 52-week high.

Hess Corporation Earnings Surprise

Hess Corporation (HES) surprised the stock market in its last reported earnings when it earned -$0.27 a piece versus the consensus-estimated -$0.49. Its revenue totaled $1.17 billion down -28.24% from the previous quarter.

Hess Corporation (NYSE:HES) Intraday View

This stock (HES) is ahead of its 52-week low with 63.97%. Its last month’s stock price volatility remained 3.06% which for the week stands at 2.74%. The share price has moved backward from its 20 days moving average, trading at a distance of -1.94% and stays 5.83% away from its 50 days moving average. Over the last five days, shares have managed 2.78% gains and now is up 25.27% since hitting its 200-day moving average of $51.5. Hess Corporation (HES) has made its way to a 12-month gain of 32.47%.

Turning to Waste Management, Inc. (NYSE:WM), its shares were trading at $83.49 a retreat of $-0.18, on the trading floor. The stock, after opening at $83.72, touched a high of $84.11 before paring much of its gains. So far, analysts are sticking with their neutral recommendations with the consensus call at 2. Waste Management, Inc. has 4 buy ratings, 2 holds and 0 sells even after the stock tumbled -6.95% from its high of $89.73 to a $36.18 billion market value through last close.

Waste Management, Inc. (WM) Consensus Price Target

The company’s consensus rating on Reuter’s scale remained unchanged from 2 to 2 during a month. Analysts set a 12-month price target of $94.67 a share. The target implies a 13.39% spike from where the shares are currently trading. Also, the current price highlights a discount of 36.54% to analysts’ high consensus price target.

Waste Management, Inc. (NYSE:WM) Intraday Trading

The counter witnessed a trading volume of 1.71 million shares versus an average volume of 2.2 million shares during last trading session. Its last month’s stock price volatility remained 1.19% which for the week approaches 1.01%. The lowest price the stock reached in the last trading day was $83.38 and compares with the $72.24 52-week low. The stock recovered 15.57% since its low point and has performed -3.26% year-to-date.