Citi Upgrades Hess Corp. (HES) to Buy
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CapitalOne Upgrades Hess Corp. (HES) to Overweight
June 11, 2015 8:56 AM EDTCapitalOne upgraded Hess Corp. (NYSE: HES) from Equal-weight to Overweight.
For an analyst ratings summary and ratings history on Hess Corp. click here. For more ratings news on Hess Corp. click here.
Shares of Hess Corp. closed at $65.64 yesterday.
... MoreHess Corp. (HES) Announces $2.68B Sale of Bakken Assets; Enters Joint Venture
June 11, 2015 8:03 AM EDTHess Corp. (NYSE: HES) has agreed to sell a 50 percent interest in its Bakken midstream assets to Global Infrastructure Partners, a leading global infrastructure investor with an extensive midstream energy investment track record, for cash consideration of $2.675 billion. Hess and Global Infrastructure Partners will create a premier midstream joint venture Hess Infrastructure Partners. Upon closing, the joint venture will incur $600 million of debt through a 5-year Term Loan A facility with proceeds distributed equally to both partners, resulting in total after-tax cash proceeds, net to Hess, of $3.0 billion. In addition the joint venture will have... More
