Hess (HES) Earns Coverage Optimism Score of 0.03

News headlines about Hess (NYSE:HES) have trended somewhat positive recently, according to Accern Sentiment. Accern identifies positive and negative media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Hess earned a media sentiment score of 0.03 on Accern’s scale. Accern also assigned news articles about the oil and gas producer an impact score of 45.6699852899283 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

These are some of the media stories that may have impacted Accern’s analysis:

Several brokerages recently commented on HES. Scotiabank set a $50.00 target price on Hess and gave the company a “buy” rating in a research report on Friday, November 17th. Morgan Stanley restated an “equal weight” rating on shares of Hess in a research report on Saturday, September 16th. Zacks Investment Research lowered Hess from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th. BMO Capital Markets set a $45.00 target price on Hess and gave the company a “hold” rating in a research report on Tuesday, October 10th. Finally, Credit Suisse Group began coverage on Hess in a research report on Monday, December 11th. They set an “underperform” rating and a $38.00 target price on the stock. Five investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $50.87.

Hess (NYSE:HES) traded up $1.55 during mid-day trading on Wednesday, hitting $49.40. The stock had a trading volume of 3,690,000 shares, compared to its average volume of 3,910,000. Hess has a 52 week low of $37.25 and a 52 week high of $64.40. The company has a quick ratio of 1.68, a current ratio of 1.84 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $15,700.00, a price-to-earnings ratio of -2.45 and a beta of 1.77.

Hess (NYSE:HES) last posted its earnings results on Wednesday, October 25th. The oil and gas producer reported ($1.07) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($1.29) by $0.22. Hess had a negative return on equity of 9.30% and a negative net margin of 113.21%. The company had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same quarter last year, the company earned ($1.12) earnings per share. The company’s revenue for the quarter was up 39.3% on a year-over-year basis. research analysts expect that Hess will post -4.62 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Monday, December 18th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, December 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.02%. Hess’s dividend payout ratio is presently -4.95%.

In other news, COO Gregory P. Hill sold 7,400 shares of the firm’s stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $44.62, for a total value of $330,188.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 11.80% of the stock is owned by company insiders.

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Hess 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, the Malaysia/Thailand Joint Development Area (JDA), Malaysia and Norway.

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