Somewhat Positive Media Coverage Somewhat Unlikely to Affect Hess Corporation (HES) Share Price
Media headlines about Hess Corporation (NYSE:HES) have trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Hess Corporation earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned news coverage about the oil and gas producer an impact score of 44.6453942754752 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
- The Technical Condition Changes For Gentex Corporation (GNTX), Hess Corporation (HES) – AllStockNews (allstocknews.com)
- Is Hess Corporation (HES) Sell Now? – Newburgh Gazette (newburghgazette.com)
- Should You Buy Enterprise Products Partners LP (EPD) or Hess Corporation (HES)? – Economic News (economicsandmoney.com)
- Hess Corporation Donates $1 Million to Hurricane Harvey Relief – BOE Report (press release) (boereport.com)
- Fracing frenzy shifts to thrift in Canada race to tap shale (worldoil.com)
A number of analysts have recently commented on HES shares. Scotiabank set a $50.00 price objective on shares of Hess Corporation and gave the stock a “buy” rating in a research report on Saturday, July 1st. Piper Jaffray Companies set a $47.00 price objective on shares of Hess Corporation and gave the stock a “buy” rating in a research report on Friday, August 25th. Barclays PLC reissued an “equal weight” rating and issued a $50.00 price objective (down previously from $61.00) on shares of Hess Corporation in a research report on Wednesday, July 12th. BMO Capital Markets set a $55.00 price objective on shares of Hess Corporation and gave the stock a “hold” rating in a research report on Saturday, June 17th. Finally, Cowen and Company set a $55.00 price objective on shares of Hess Corporation and gave the stock a “hold” rating in a research report on Monday, July 10th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company’s stock. Hess Corporation currently has a consensus rating of “Hold” and a consensus target price of $53.56.
Hess Corporation (NYSE HES) opened at 38.90 on Friday. The company has a 50 day moving average of $41.72 and a 200 day moving average of $45.97. The firm’s market capitalization is $12.23 billion. Hess Corporation has a 1-year low of $37.55 and a 1-year high of $65.56.
Hess Corporation (NYSE:HES) last announced its quarterly earnings data on Wednesday, July 26th. The oil and gas producer reported ($1.46) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($1.32) by $0.14. Hess Corporation had a negative net margin of 118.07% and a negative return on equity of 8.49%. The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the prior year, the firm posted ($1.10) earnings per share. The company’s revenue was down 3.2% on a year-over-year basis. On average, equities research analysts anticipate that Hess Corporation will post ($4.79) earnings per share for the current year.
In related news, COO Gregory P. Hill sold 11,726 shares of the business’s stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $38.37, for a total value of $449,926.62. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Barbara J. Lowery-Yilmaz sold 3,873 shares of the business’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $43.47, for a total value of $168,359.31. The disclosure for this sale can be found here. Insiders own 11.80% of the company’s stock.
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Hess Corporation 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, Equatorial Guinea, the Malaysia/Thailand Joint Development Area (JDA), Malaysia and Norway.
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