Hess (HES) Given Daily Coverage Optimism Score of 0.15

Press coverage about Hess (NYSE:HES) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm scores the sentiment of press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Hess earned a daily sentiment score of 0.15 on Accern’s scale. Accern also assigned media coverage about the oil and gas producer an impact score of 45.9004508275829 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

These are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:

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HES stock traded up $2.30 during trading on Wednesday, reaching $50.69. The company’s stock had a trading volume of 3,725,388 shares, compared to its average volume of 4,661,542. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.43 and a current ratio of 2.53. Hess has a 52 week low of $37.25 and a 52 week high of $55.48. The stock has a market capitalization of $14,794.92, a PE ratio of -3.86 and a beta of 1.60.

Hess (NYSE:HES) last released its quarterly earnings results on Monday, February 5th. The oil and gas producer reported ($1.01) EPS for the quarter, missing analysts’ consensus estimates of ($0.91) by ($0.10). The business had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Hess had a negative net margin of 74.55% and a negative return on equity of 9.82%. The company’s quarterly revenue was down 6.5% compared to the same quarter last year. During the same quarter last year, the business posted ($1.01) earnings per share. equities research analysts predict that Hess will post -2.02 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Monday, March 19th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date is Friday, March 16th. Hess’s dividend payout ratio is presently -7.62%.

Hess declared that its Board of Directors has authorized a share repurchase plan on Thursday, March 8th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the oil and gas producer to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

A number of brokerages recently weighed in on HES. BMO Capital Markets restated a “hold” rating and set a $50.00 price objective on shares of Hess in a research note on Thursday, January 11th. Macquarie began coverage on Hess in a research note on Wednesday, January 17th. They set an “outperform” rating and a $65.00 price objective for the company. Credit Suisse Group upgraded Hess from an “underperform” rating to a “neutral” rating and set a $42.00 price objective for the company in a research note on Monday, February 12th. Morgan Stanley upped their price objective on Hess from $49.00 to $57.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 24th. Finally, JPMorgan Chase & Co. cut Hess from a “neutral” rating to an “underweight” rating and set a $44.00 price objective for the company. in a research note on Friday, December 15th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company’s stock. Hess has an average rating of “Hold” and a consensus price target of $52.16.

In other news, CEO John B. Hess sold 93,712 shares of the stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $44.29, for a total value of $4,150,504.48. Following the transaction, the chief executive officer now directly owns 1,885,911 shares of the company’s stock, valued at $83,526,998.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO John B. Hess sold 51,014 shares of the stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $48.63, for a total value of $2,480,810.82. Following the completion of the transaction, the chief executive officer now directly owns 1,813,548 shares in the company, valued at $88,192,839.24. The disclosure for this sale can be found here. Insiders sold 174,017 shares of company stock worth $7,981,459 over the last three months. Corporate insiders own 11.80% of the company’s stock.

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About Hess

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.

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

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