Hess Corporation (NYSE:HES) Given Daily Media Sentiment Rating of 0.11
Media coverage about Hess Corporation (NYSE:HES) has trended somewhat positive this week, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Hess Corporation earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave news articles about the oil and gas producer an impact score of 46.2863126689472 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the headlines that may have effected Accern Sentiment’s analysis:
- Hess Corporation (HES) Insider Barbara J. Lowery-Yilmaz Sells 3,873 Shares (americanbankingnews.com)
- Artemis Investment Management LLP Sold A Lot More Hess Corporation (HES) Stock In The Last Quarter – First News 24 (firstnewspaper24.com)
- Artemis Investment Management LLP Decreases Its Ownership in Hess Corporation (HES) Stock Last Quarter – Modern Readers (modernreaders.com)
- LUSBCA honors Schickel, Hess as newest Hall of Fame members (lancasteronline.com)
- Hess Corp. (NYSE:HES) Given Average Recommendation of “Hold” by Brokerages (americanbankingnews.com)
Hess Corporation (NYSE HES) traded down 1.46% during mid-day trading on Thursday, hitting $41.74. 3,548,663 shares of the stock traded hands. The stock has a 50-day moving average of $43.25 and a 200 day moving average of $47.60. Hess Corporation has a 1-year low of $39.89 and a 1-year high of $65.56. The firm’s market cap is $13.12 billion.
Hess Corporation (NYSE:HES) last released its quarterly earnings results on Wednesday, July 26th. The oil and gas producer reported ($1.46) EPS for the quarter, missing the consensus estimate of ($1.32) by $0.14. The firm had revenue of $1.23 billion for 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 firm’s revenue was down 3.2% on a year-over-year basis. During the same quarter in the prior year, the company posted ($1.10) EPS. On average, equities analysts expect that Hess Corporation will post ($4.75) EPS for the current year.
A number of analysts recently weighed in on HES shares. Scotiabank set a $53.00 price target on shares of Hess Corporation and gave the stock a “buy” rating in a research note on Tuesday, June 20th. KLR Group reiterated a “buy” rating and set a $60.00 price target (up previously from $58.00) on shares of Hess Corporation in a research note on Saturday, April 29th. Bank of America Corporation reiterated a “buy” rating and set a $80.00 price target on shares of Hess Corporation in a research note on Friday, April 14th. Barclays PLC reiterated an “equal weight” rating and set a $50.00 price target (down previously from $61.00) on shares of Hess Corporation in a research note on Wednesday, July 12th. Finally, BMO Capital Markets set a $55.00 price target on shares of Hess Corporation and gave the stock a “hold” rating in a research note on Saturday, June 17th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company’s stock. Hess Corporation has a consensus rating of “Hold” and an average price target of $53.91.
In other news, insider Barbara J. Lowery-Yilmaz sold 3,873 shares of the company’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $43.47, for a total transaction of $168,359.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 11.80% of the stock is currently owned by corporate insiders.
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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