Hess Corporation (HES) Earns Daily Coverage Optimism Score of 0.19

News stories about Hess Corporation (NYSE:HES) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Hess Corporation earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave news headlines about the oil and gas producer an impact score of 45.7298099100028 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Here are some of the news articles that may have effected Accern’s analysis:

A number of research firms recently issued reports on HES. Zacks Investment Research upgraded shares of Hess Corporation from a “hold” rating to a “buy” rating and set a $49.00 target price for the company in a research report on Wednesday. Scotiabank set a $52.00 target price on shares of Hess Corporation and gave the company a “buy” rating in a research report on Wednesday, October 25th. Morgan Stanley boosted their target price on shares of Hess Corporation from $43.00 to $49.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 18th. BMO Capital Markets set a $45.00 target price on shares of Hess Corporation and gave the company a “hold” rating in a research report on Tuesday, October 10th. Finally, J P Morgan Chase & Co downgraded shares of Hess Corporation from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $52.00 to $45.00 in a research report on Thursday, September 14th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company. Hess Corporation presently has an average rating of “Hold” and an average price target of $51.66.

Hess Corporation (NYSE:HES) last released its earnings results on Wednesday, October 25th. The oil and gas producer reported ($1.07) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.29) by $0.22. Hess Corporation had a negative net margin of 113.21% and a negative return on equity of 9.69%. The company had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter last year, the business earned ($1.12) EPS. The business’s revenue was up 39.3% on a year-over-year basis.

In related news, insider Barbara J. Lowery-Yilmaz sold 3,873 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $43.47, for a total value of $168,359.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brian D. Truelove sold 6,000 shares of the firm’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $42.53, for a total transaction of $255,180.00. The disclosure for this sale can be found here. Insiders sold a total of 21,599 shares of company stock valued at $873,466 in the last 90 days. Company insiders own 11.80% of the company’s stock.

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Hess Corporation Company Profile

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.

Insider Buying and Selling by Quarter for Hess Corporation (NYSE:HES)

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