Hess (HES) Earning Somewhat Positive Media Coverage, Analysis Finds
News coverage about Hess (NYSE:HES) has trended somewhat positive this week, Accern reports. The research firm rates the sentiment of news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Hess earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave news stories about the oil and gas producer an impact score of 45.3898441981743 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the media headlines that may have impacted Accern Sentiment’s analysis:
- Hess Corp. cutting hundreds of jobs, including some from Houston – Houston Business Journal (bizjournals.com)
- Where Do Analysts See Hess Stock in 12 Months? (finance.yahoo.com)
- Why Hess Is Focusing on Its Bakken and Offshore Guyana Operations (finance.yahoo.com)
- Here’s What’s Been Driving Hess Stock (finance.yahoo.com)
Several analysts recently commented on the stock. BMO Capital Markets restated a “hold” rating and set a $50.00 price target on shares of Hess in a report on Thursday, January 11th. Macquarie assumed coverage on shares of Hess in a report on Wednesday. They set an “outperform” rating and a $65.00 price target for the company. Barclays restated a “hold” rating and set a $49.00 price target on shares of Hess in a report on Monday, January 8th. Zacks Investment Research cut shares of Hess from a “buy” rating to a “hold” rating in a report on Wednesday, November 8th. Finally, Morgan Stanley raised their price target on shares of Hess from $43.00 to $49.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 18th. Five investment analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $51.93.
Hess (NYSE:HES) last posted its earnings results on Wednesday, October 25th. The oil and gas producer reported ($1.07) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($1.29) by $0.22. The firm had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Hess had a negative net margin of 113.21% and a negative return on equity of 9.30%. The company’s revenue was up 39.3% compared to the same quarter last year. During the same period in the previous year, the company earned ($1.12) earnings per share. analysts expect that Hess will post -4.64 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Monday, December 18th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date was Friday, December 15th. Hess’s dividend payout ratio (DPR) is presently -4.95%.
In other Hess news, COO Gregory P. Hill sold 7,400 shares of Hess stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $44.62, for a total value of $330,188.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 11.80% of the stock is owned by 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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