Equities research analysts expect Hess Corp. (NYSE:HES) to report earnings per share of ($0.54) for the current quarter, Zacks reports. Three analysts have made estimates for Hess’ earnings. The highest EPS estimate is ($0.41) and the lowest is ($0.81). Hess reported earnings of ($1.07) per share in the same quarter last year, which indicates a positive year-over-year growth rate of 49.5%. The business is scheduled to report its next quarterly earnings results on Wednesday, April 25th.
According to Zacks, analysts expect that Hess will report full-year earnings of ($2.10) per share for the current fiscal year, with EPS estimates ranging from ($3.13) to ($0.87). For the next year, analysts anticipate that the firm will post earnings of ($1.03) per share, with EPS estimates ranging from ($2.23) to $0.85. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Hess.
Hess (NYSE:HES) last issued its earnings results on Monday, February 5th. The oil and gas producer reported ($1.01) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.91) by ($0.10). The firm had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Hess had a negative return on equity of 9.82% and a negative net margin of 74.55%. The firm’s quarterly revenue was down 6.5% compared to the same quarter last year. During the same period in the prior year, the company earned ($1.01) EPS.
Shares of Hess (HES) traded up $0.79 on Friday, reaching $47.87. The company’s stock had a trading volume of 4,418,281 shares, compared to its average volume of 4,851,237. The stock has a market capitalization of $15,180.00, a price-to-earnings ratio of -5.46 and a beta of 1.58. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.68 and a current ratio of 2.53. Hess has a 1-year low of $37.25 and a 1-year high of $55.48.
In related news, COO Gregory P. Hill sold 7,400 shares of the company’s stock in a transaction that occurred on Thursday, December 7th. The stock was 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 Securities & Exchange Commission, which is available at this link. Also, CEO John B. Hess sold 93,712 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The shares were 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 owns 1,885,911 shares of the company’s stock, valued at approximately $83,526,998.19. The disclosure for this sale can be found here. In the last three months, insiders have sold 116,347 shares of company stock valued at $5,157,584. Insiders own 11.80% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Bluestein R H & Co. bought a new position in shares of Hess during the third quarter valued at approximately $731,000. Asset Management One Co. Ltd. raised its holdings in shares of Hess by 0.7% during the third quarter. Asset Management One Co. Ltd. now owns 438,504 shares of the oil and gas producer’s stock valued at $20,554,000 after acquiring an additional 3,171 shares in the last quarter. Janus Henderson Group PLC raised its holdings in shares of Hess by 6.5% during the second quarter. Janus Henderson Group PLC now owns 223,277 shares of the oil and gas producer’s stock valued at $9,793,000 after acquiring an additional 13,557 shares in the last quarter. Chevy Chase Trust Holdings Inc. raised its holdings in shares of Hess by 1.4% during the third quarter. Chevy Chase Trust Holdings Inc. now owns 238,871 shares of the oil and gas producer’s stock valued at $11,201,000 after acquiring an additional 3,238 shares in the last quarter. Finally, Strs Ohio raised its holdings in Hess by 9.0% in the third quarter. Strs Ohio now owns 1,172,481 shares of the oil and gas producer’s stock worth $54,977,000 after purchasing an additional 96,657 shares in the last quarter. Institutional investors own 88.61% of the company’s stock.
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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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