Headlines about Hess (NYSE:HES) have been trending somewhat positive recently, Accern reports. The research group rates the sentiment of press coverage by analyzing more than twenty million blog and news sources. 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 news impact score of 0.09 on Accern’s scale. Accern also assigned news articles about the oil and gas producer an impact score of 45.7519471668864 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news articles that may have effected Accern’s rankings:
- Community Development Solomon Hess SBA Loan Fund Receives Highest Possible Credit Quality Rating From Moody’s (newswire.com)
- Which Oil-Weighted Stocks Are Outdoing Oil’s Gains? (finance.yahoo.com)
- Enbridge to restart Gulf of Mexico natural gas pipeline in February – Reuters (reuters.com)
- XOM, Hess announce 6th oil discovery offshore Guyana – Kallanish Energy (kallanishenergy.com)
- Exxon Mobil, Hess And Nexen: A South American Beauty Called Liza – Seeking Alpha (seekingalpha.com)
A number of equities research analysts have weighed in on HES shares. Morgan Stanley upped their target price on Hess from $43.00 to $49.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 18th. Zacks Investment Research upgraded Hess from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a research report on Wednesday, October 11th. Scotiabank set a $52.00 target price on Hess and gave the stock a “buy” rating in a research report on Wednesday, October 25th. JPMorgan Chase & Co. downgraded Hess from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $52.00 to $45.00 in a research report on Thursday, September 14th. Finally, Credit Suisse Group assumed coverage on Hess in a research report on Monday, December 11th. They issued an “underperform” rating and a $38.00 target price for the company. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. Hess currently has a consensus rating of “Hold” and an average target price of $50.80.
Hess (NYSE:HES) last posted its quarterly earnings results on Wednesday, October 25th. The oil and gas producer reported ($1.07) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.29) by $0.22. The company had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.27 billion. Hess had a negative return on equity of 9.30% and a negative net margin of 113.21%. The firm’s revenue was up 39.3% on a year-over-year basis. During the same quarter in the prior year, the company earned ($1.12) earnings per share. sell-side analysts predict that Hess will post -4.62 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 29th. Shareholders 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 annualized dividend and a dividend yield of 1.83%. Hess’s dividend payout ratio is currently -4.95%.
In other Hess news, COO Gregory P. Hill sold 7,400 shares of the business’s stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $44.62, for a total transaction of $330,188.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 11.80% of the stock is currently owned by corporate 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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