Hess Corporation (HES) Earning Somewhat Favorable Media Coverage, Study Finds
Headlines about Hess Corporation (NYSE:HES) have been trending somewhat positive recently, according to Accern. Accern identifies negative and positive press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Hess Corporation earned a coverage optimism score of 0.09 on Accern’s scale. Accern also gave media coverage about the oil and gas producer an impact score of 46.2267897309461 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the media headlines that may have effected Accern Sentiment’s analysis:
- King Juice Company names David Klavsons as CEO (poandpo.com)
- Cash To Burn (investingdaily.com)
- Shareholder Interest and Warrant Transfer (feeds.benzinga.com)
- Hess Corporation (HES): Overbought Stock Of Yesterday – Voice Of Analysts (analystsbuzz.com)
- Klavsons named CEO of King Juice Company (gmtoday.com)
A number of equities research analysts have issued reports on HES shares. BMO Capital Markets set a $42.00 price objective on shares of Hess Corporation and gave the company a “hold” rating in a report on Friday, July 28th. BidaskClub downgraded shares of Hess Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Wolfe Research downgraded shares of Hess Corporation from an “outperform” rating to a “market perform” rating in a report on Monday, July 17th. Scotiabank set a $50.00 target price on shares of Hess Corporation and gave the stock a “buy” rating in a research report on Saturday, July 1st. Finally, Citigroup Inc. dropped their target price 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. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the stock. Hess Corporation presently has an average rating of “Hold” and an average price target of $51.83.
Shares of Hess Corporation (NYSE HES) opened at 45.69 on Wednesday. The firm’s 50-day moving average price is $41.59 and its 200 day moving average price is $44.76. The company’s market capitalization is $14.36 billion. Hess Corporation has a 52 week low of $37.25 and a 52 week high of $65.56.
Hess Corporation (NYSE:HES) last posted its quarterly earnings results 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 business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Hess Corporation had a negative return on equity of 8.49% and a negative net margin of 118.07%. The business’s quarterly revenue was down 3.2% on a year-over-year basis. During the same period in the prior year, the business posted ($1.10) earnings per share. Equities analysts predict that Hess Corporation will post ($4.81) EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Monday, September 18th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, September 15th. This represents a $1.00 annualized dividend and a yield of 2.19%. Hess Corporation’s dividend payout ratio is presently -5.18%.
In other news, insider Barbara J. Lowery-Yilmaz sold 3,873 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $43.47, for a total value of $168,359.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Gregory P. Hill sold 11,726 shares of the company’s stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $38.37, for a total value of $449,926.62. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,599 shares of company stock valued at $873,466. 11.80% of the stock is owned by insiders.
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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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