Economy

Hess Corp (NYSE:HES): Stock Sentiment

With the projection of healthy oil price following the possibility that OPEC might extend the production cut deal beyond March 2018, we believe that Bakken play should contribute to the company's production growth in the long run. Hess declared new oil discovery from the Payara-1 well located off the coast of Guyana. Year to Date performance value (YTD perf) value is -31.4%. However, the firm's long-term debt has increased significantly since the beginning of 2014 reflecting balance sheet weakness. For the next 5 years, Hess Corporation is expecting Growth of 5% per annum, whereas in the past 5 years the growth was -37.42% per annum.

A number of other equities analysts have also commented on HES. (NYSE:HES) earned "Hold" rating by Cowen & Co on Tuesday, July 18. They now have a Dollars 45 price target on the stock. The company rocked its 52-Week High of $65.56 and touched its 52-Week Low of $37.25. Finally, Citigroup Inc. dropped their price objective on shares of Hess Corporation from $55.00 to $49.00 and set a "neutral" rating for the company in a report on Friday, July 21st. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the stock. JP Morgan upgraded the shares of HES in report on Thursday, December 8 to "Overweight" rating.

Presently Hess Corporation (NYSE:HES) stock have an ABR of 2.36.

Market capitalization of 13.84B shares for the company helps traders interpret the size of Hess Corporation, acting as the basic determinant for numerous important characteristics that affects an investment decision. According to these analysts, the Low Revenue Estimate for Hess Corporation is 1.18 Billion and the High Revenue Estimate is 1.44 Billion. Currently, the stock has a 1 Year Price Target of $50.75.

Hess Corporation (NYSE:HES) last released its quarterly earnings results on Wednesday, July 26th. The company reported the earnings of $-1.46/Share in the last quarter where the estimated EPS by analysts was $-1.34/share. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.19 billion. While in the same Quarter Previous year, the Actual EPS was $-1.12. During the same quarter in the prior year, the company earned ($1.10) EPS.

ILLEGAL ACTIVITY WARNING: This news story was reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this news story on another publication, it was copied illegally and reposted in violation of worldwide trademark and copyright laws.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Monday, September 18th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, September 15th. The stock is now trading 2.59% above its SMA 50 and 12.67% above its SMA 200. Hess Corporation's dividend payout ratio (DPR) is -5.18%. Volume is the basic fuel of the market since stocks move up or down in price only when shares are trading hands. The shares were sold at an average price of $38.37, for a total transaction of $449,926.62. The company has a 50-day moving average price of $40.78 and a 200-day moving average price of $45.03. They now have a Dollars 60 price target on the stock. The disclosure for this sale can be found here. The stock now has a Market Cap of $11.42B. Also, the number of hedge funds holding Hess Corp in their top 10 equity positions was flat from 6 to 6 for the same number. Commerzbank Aktiengesellschaft FI boosted its position in shares of Hess Corporation by 44.7% during the first quarter. Advisors Asset Management Inc. now owns 14,422 shares of the oil and gas producer's stock worth $695,000 after buying an additional 1,131 shares during the period. Chevy Chase Trust Holdings Inc. grew its position in Hess Corporation by 0.3% in the 2nd quarter.

About 1.34 million shares traded. The outstanding shares for Hess Corporation is 318.45, along with a floating outstanding shares of 281.84. Canada Pension Plan Investment Board now owns 97,510 shares of the oil and gas producer's stock worth $4,701,000 after buying an additional 26,800 shares during the period. Swiss National Bank grew its position in Hess Corporation by 2.8% in the 2nd quarter. Swiss National Bank now owns 1,037,865 shares of the oil and gas producer's stock valued at $45,531,000 after buying an additional 28,200 shares in the last quarter. Hess Corporation, HES has a debt/equity of 0.49, and the LTdebt/equity (Long Term Debt/Equity) of 0.48. Sei Investments Co. now owns 130,055 shares of the oil and gas producer's stock valued at $6,270,000 after buying an additional 9,101 shares in the last quarter. The stock decreased 1.63% or $0.58 during the last trading session, reaching $34.97.



Like this

Latest


22 September 2017
Recalculating? GPS error leads to trucker driving on boardwalk
Police said that the tractor trailer driver first drove onto the boardwalk at Albany Avenue in Atlantic City early Wednesday. According to the police chief, this is the second time in two months that a truck has come down the boardwalk in Ventnor.

22 September 2017
Decreases Position in Verizon Communications Inc. (VZ)
TheStreet raised shares of Verizon Communications from a "c+" rating to a "b-" rating in a research report on Tuesday, August 8th. Oppenheimer maintained Verizon Communications Inc. (NYSE:VZ) has "Market Perform" rating given on Thursday, April 7 by Bernstein.

22 September 2017
Phoenix police involved in shooting near 44th Street and Thomas Road
The officer, a 17-year-veteran, has been released from the hospital and the suspect is still recovering from his injuries. The officer's injuries are not life-threatening, according to Phoenix police, thanks to a bulletproof vest.

22 September 2017
Trump, Turkish president meet with 'many issues' to discuss
Senators Patrick Leahy and Chris Van Hollen said the move came after they proposed their own legislation to halt any sales to the Turkish Presidential Protection Directorate.

22 September 2017
Chris Jones wins AFC Defensive Player of the Week
He was slowed this summer with an injury and was placed on the physically-unable-to-perform list to start training camp. He joined Alex Smith who won the award on offense following his Week 1 performance against the New England Patriots.

22 September 2017
Senate approves barangay and SK poll postponement bill
Malacañang on Thursday welcomed the Senate's passage of a bill postponing the barangay and Sangguniang Kabataan (SK) elections from October 2017 to May 2018.

22 September 2017
Eastman Chemical Company (NYSE:EMN) Shorts Up 26.04% - Currently Trading Up
Focused Wealth Mgmt Incorporated reported 32 shares or 0% of all its holdings. 1832 Asset LP invested in 0.01% or 305,000 shares. Zacks Investment Research cut Eastman Chemical from a "buy" rating to a "hold" rating in a research note on Friday, June 30th.

21 September 2017
Ocean Rig UDW (ORIG) Getting Somewhat Favorable Media Coverage, Study Finds
During current year the company's forecasts over growth are -67.8% while for the next year analysts' growth estimation is -326.1%. A total of 13.26 Million shares exchanged hands, whereas the company's average trading volume stands at 2.69 Million shares.

21 September 2017
TEGNA Inc. (TGNA) Downgraded by BidaskClub
Ltd. now owns 28,193 shares of the company's stock valued at $722,000 after buying an additional 153 shares during the period. Benchmark reiterated a "buy" recommendation and fixed a $20.00 target price on the stock of TEGNA in a note on Fri, Jun 16th.

21 September 2017
US Fed seen staying on track for December rate increase
Fed governors serve 14-year terms and Trump has come into office when several are leaving or their terms are expiring. One vacancy about to open is the seat of Vice Chairman Stanley Fischer , who is stepping down next month.



Recommended