Hess Corporation (HES) Receives Media Impact Rating of 0.11
Press coverage about Hess Corporation (NYSE:HES) has been trending somewhat positive recently, according to Accern. The research group rates the sentiment of news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Hess Corporation earned a daily sentiment score of 0.11 on Accern’s scale. Accern also assigned news coverage about the oil and gas producer an impact score of 46.7236036725849 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:
- China Petroleum & Chemical Corporation (SNP) Earns Media Impact Score of 0.21 (bulhufas.com)
- Barrick Gold Corp (ABX) – Investment Analysts’ Weekly Ratings Changes (currenthollywood.com)
- Trading Monitor: Focusing on Shares of Hess Corporation (NYSE:HES) – Sparta Review (spartareview.com)
- Training class aims at fire prevention (heraldstaronline.com)
- Hess Corporation (NYSE:HES) Given a $52.00 Price Target at Scotiabank (americanbankingnews.com)
Shares of Hess Corporation (HES) opened at 40.70 on Wednesday. The company has a 50 day moving average of $43.21 and a 200 day moving average of $47.13. Hess Corporation has a 52 week low of $39.78 and a 52 week high of $65.56. The company’s market cap is $12.80 billion.
Hess Corporation (NYSE:HES) last posted its quarterly earnings data on Wednesday, July 26th. The oil and gas producer reported ($1.46) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.32) by $0.14. The company had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Hess Corporation had a negative net margin of 118.07% and a negative return on equity of 8.49%. The business’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same quarter last year, the business posted ($1.10) EPS. On average, analysts expect that Hess Corporation will post ($4.76) EPS for the current year.
Several brokerages have commented on HES. BMO Capital Markets set a $55.00 price objective on shares of Hess Corporation and gave the company a “hold” rating in a research report on Saturday, June 17th. Scotiabank set a $50.00 price objective on shares of Hess Corporation and gave the company a “buy” rating in a research report on Saturday, July 1st. BidaskClub upgraded shares of Hess Corporation from a “strong sell” rating to a “sell” rating in a research report on Saturday, July 1st. Citigroup Inc. lowered their price objective on shares of Hess Corporation from $55.00 to $49.00 and set a “neutral” rating for the company in a research report on Friday, July 21st. Finally, KLR Group restated a “buy” rating and set a $60.00 price objective (up from $58.00) on shares of Hess Corporation in a research report on Saturday, April 29th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $54.06.
In other news, insider Barbara J. Lowery-Yilmaz sold 3,873 shares of the firm’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $43.47, for a total transaction of $168,359.31. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 11.80% of the company’s stock.
About Hess Corporation
Hess Corporation is an exploration and production company. The Company is engaged 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. Its Exploration and Production segment explores for, develops, produces, purchases and sells crude oil, NGLs and natural gas with production operations primarily in the United States, Denmark, Equatorial Guinea, the Malaysia/Thailand Joint Development Area (JDA), Malaysia and Norway.
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