Media stories about Hess Corporation (NYSE:HES) have trended somewhat positive this week, Alpha One Sentiment reports. Alpha One, a division of Accern, ranks the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Alpha One ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Hess Corporation earned a coverage optimism score of 0.24 on Alpha One’s scale. Alpha One also gave media headlines about the oil and gas producer an impact score of 88 out of 100, meaning that recent media coverage is very likely to have an impact on the company’s share price in the near future.
These are some of the news stories that may have effected Alpha One Sentiment’s analysis:
- Hess Corp. (HES) to Sell Its Enhanced Oil Recovery Assets in Permian Basin – StreetInsider.com (streetinsider.com)
- Energy producer set to sell NM Permian assets as part of $600 million deal – Albuquerque Business First (bizjournals.com)
- Hess announces sale of its enhanced oil recovery assets in Permian Basin (poandpo.com)
- ExxonMobil: Going Deep (finance.yahoo.com)
- Oxy makes two $600M deals to sell, buy Permian assets (finance.yahoo.com)
HES has been the subject of a number of recent analyst reports. Scotiabank set a $53.00 price objective on Hess Corporation and gave the stock a “buy” rating in a research note on Tuesday, May 16th. Evercore ISI lowered Hess Corporation to a “buy” rating in a research note on Friday, March 3rd. Goldman Sachs Group, Inc. (The) downgraded Hess Corporation from a “conviction-buy” rating to a “buy” rating in a report on Wednesday, March 1st. KLR Group restated a “buy” rating and set a $60.00 price objective (up from $58.00) on shares of Hess Corporation in a report on Saturday, April 29th. Finally, Bank of America Corporation restated a “buy” rating and set a $80.00 price objective on shares of Hess Corporation in a report on Friday, April 14th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company. Hess Corporation presently has a consensus rating of “Buy” and a consensus price target of $57.82.
Shares of Hess Corporation (NYSE:HES) traded down 4.21% on Tuesday, hitting $41.15. The stock had a trading volume of 4,743,032 shares. The stock’s market cap is $12.92 billion. Hess Corporation has a one year low of $40.02 and a one year high of $65.56. The company’s 50 day moving average is $47.03 and its 200 day moving average is $52.22.
Hess Corporation (NYSE:HES) last announced its quarterly earnings results on Wednesday, April 26th. The oil and gas producer reported ($1.07) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($1.10) by $0.03. Hess Corporation had a negative return on equity of 7.15% and a negative net margin of 116.02%. The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same period last year, the business posted ($1.72) EPS. The business’s revenue was up 28.4% compared to the same quarter last year. Equities research analysts predict that Hess Corporation will post ($3.62) EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Friday, June 16th will be issued a $0.25 dividend. The ex-dividend date is Wednesday, June 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.33%. Hess Corporation’s dividend payout ratio is presently -5.23%.
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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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