News stories about Hess Corporation (NYSE:HES) have been trending somewhat positive on Tuesday, according to Accern. The research group identifies negative and positive press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Hess Corporation earned a news impact score of 0.14 on Accern’s scale. Accern also gave news coverage about the oil and gas producer an impact score of 46.1454225651966 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:
- Hess Corporation (HES) has a value of $44.59 per share While Coeur Mining, Inc. (CDE) is stand at $9.26 – Stocks Gallery (stocksgallery.com)
- Critical Survey: Hess Corporation (HES) versus BP p.l.c. (BP) (americanbankingnews.com)
- UPDATE 2-Deutsche Boerse steps up clearing fight with London ahead of Brexit (feeds.reuters.com)
- Head-To-Head Contrast: Midcoast Energy Partners (MEP) vs. Hess Corporation (HES) (americanbankingnews.com)
- Hold Hess With a 3-Year Horizon (finance.yahoo.com)
Shares of Hess Corporation (HES) opened at 44.33 on Tuesday. Hess Corporation has a 52-week low of $37.25 and a 52-week high of $65.56. The firm’s market cap is $13.94 billion. The stock’s 50 day moving average is $42.24 and its 200-day moving average is $44.69.
Hess Corporation (NYSE:HES) last issued its quarterly earnings results on Wednesday, July 26th. The oil and gas producer reported ($1.46) EPS 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 the consensus estimate 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 firm earned ($1.10) earnings per share. Equities analysts anticipate that Hess Corporation will post ($4.81) earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Monday, September 18th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.26%. The ex-dividend date of this dividend was Friday, September 15th. Hess Corporation’s dividend payout ratio is currently -5.18%.
HES has been the subject of several recent research reports. 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. Capital One Financial Corporation downgraded shares of Hess Corporation from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $65.00 to $50.00 in a research report on Wednesday, June 21st. Scotiabank set a $53.00 price objective on shares of Hess Corporation and gave the company a “buy” rating in a research report on Tuesday, June 20th. Atlantic Securities downgraded shares of Hess Corporation from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $68.00 to $45.00 in a research report on Tuesday, June 27th. Finally, BidaskClub raised shares of Hess Corporation from a “strong sell” rating to a “sell” rating in a research report on Saturday, July 1st. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $51.83.
In other news, insider Barbara J. Lowery-Yilmaz sold 3,873 shares of the business’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 transaction of $168,359.31. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Gregory P. Hill sold 11,726 shares of the business’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. Over the last ninety days, insiders sold 21,599 shares of company stock worth $873,466. 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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