Economy

Hess Corporation (HES) expected to see a positive post earnings price reaction

Korea Investment CORP now owns 2,645 shares of the oil and gas producer's stock worth $116,000 after purchasing an additional 1,552 shares during the period.

In front of third-quarter earnings release on Wednesday, Nov 01, 2017, 19 analysts are forecasting profits of -$1.32 per share, with views ranging from an ultra-tight -$1.65 to -$1.15. Full-year profit views are for Hess Corporation to earn -$4.82 in current year and drop profits by almost -2.43% over last year's earnings of -$4.94.

New York-based Hess Corporation, previously known as Amerada Hess Corporation, is a global exploration and production company that develops, produces, purchases, transports and sells crude oil and natural gas. Veritable L.P.'s holdings in Hess Corporation were worth $3,821,000 at the end of the most recent quarter. Finally, Welch & Forbes LLC raised its position in shares of Hess Corporation by 1.0% during the second quarter. Following the transaction, the insider now owns 97,548 shares of the company's stock, valued at $4,977,874.44.

In other news, insider Brian D. Truelove sold 6,000 shares of the firm's stock in a transaction dated Monday, September 18th. The stock was bought at an average cost of $51.71 per share, for a total transaction of $25,027.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Barbara J. Lowery-Yilmaz sold 3,873 shares of the business's stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $38.37, for a total value of $449,926.62. (NYSE:HES). 10,644 are owned by Private Advisor Grp Ltd Limited Liability Company. Recently, analysts have updated the overall rating to 2.4. (NYSE:HES). Cannell Peter B & Inc holds 0.01% or 5,175 shares.

Analysts on average have given a price target of $50.93 to Hess Corporation (HES) stock. Morgan Stanley reiterated an "equal weight" rating on shares of Hess Corporation in a report on Saturday, September 16th. It has the market capitalization of $ billion while 311.63 shares were outstanding. Piper Jaffray Companies set a $47.00 price objective on shares of Hess Corporation and gave the company a "buy" rating in a research report on Friday, August 25th.

Among 4 analysts covering Arconic (NYSE:ARNC), 2 have Buy rating, 0 Sell and 2 Hold. The stock tapped a 52-week high of US$1.42 while the mean 12-month price target for the shares is US$3.

Hess Corporation (NYSE:HES) closed its last session at $46.1. If you are accessing this news story on another publication, it was illegally stolen and republished in violation of worldwide trademark & copyright law. (NYSE:HES) earned "Buy" rating by Societe Generale on Friday, July 31. The firm has a 50-day moving average of $40.72 and a 200-day moving average of $44.97.

Investors may be circling the wagons wondering what's in store for the stock market over the next few months. Hess Corporation has a one year low of $37.25 and a one year high of $65.56. They expect $-1.32 earnings per share, down 17.86% or $0.20 from last year's $-1.12 per share. When companies report quarterly earnings, the EPS measure is highly scrutinized by investors and analysts alike. Hess Corporation had a negative return on equity of 8.49% and a negative net margin of 118.07%. Hess Corporation's quarterly revenue was down 3.2% on a year-over-year basis. During the same period in the prior year, the firm posted ($1.10) earnings per share. The company also recently declared a dividend for shareholders that was paid on Friday the 30th of June 2017. Stockholders of record on Monday, September 18th will be issued a $0.25 dividend. The dividend yield was $2.25. (NYSE:HES) on Friday, September 1 with "Hold" rating. Hess Corporation's dividend payout ratio (DPR) is presently -5.18%.

The other 10, though not evenly; between analysts who think you should buy Hess Corporation versus those who think you should sell it. The Company is involved in exploration, development, production, transportation, purchase and sale of crude oil, natural gas liquids (NGL) and natural gas. The Company's segments include Exploration and Production, and Bakken Midstream. The company's E&P activities are concentrated in Algeria, Australia, Azerbaijan, Brazil, Denmark, Egypt, Equatorial Guinea, Gabon, Ghana, Indonesia, Libya, Malaysia, Norway, Russia, Thailand, the United Kingdom and the United States.



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