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.

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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.



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