News articles about Hess Corp. (NYSE:HES) have trended somewhat positive recently, AlphaOne Sentiment reports. AlphaOne, a subsidiary of Accern, identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Hess Corp. earned a coverage optimism score of 0.02 on AlphaOne’s scale. AlphaOne also gave news headlines about the oil and gas producer an impact score of 88 out of 100, indicating that recent news coverage is very likely to have an effect on the stock’s share price in the near future.
These are some of the news headlines that may have impacted Alpha One’s scoring:
Several research firms have recently weighed in on HES. Wells Fargo & Co upgraded Hess Corp. from a “market perform” rating to an “outperform” rating and decreased their price target for the stock from $46.13 to $45.84 in a research note on Friday. They noted that the move was a valuation call. Bank of America Corp restated a “buy” rating and issued a $80.00 price target on shares of Hess Corp. in a research note on Friday, April 14th. Barclays PLC decreased their price target on Hess Corp. from $39.00 to $37.00 and set an “overweight” rating for the company in a research note on Monday, April 17th. Wolfe Research upgraded Hess Corp. from a “market perform” rating to an “outperform” rating in a research note on Monday, April 10th. Finally, KLR Group upgraded Hess Corp. from an “accumulate” rating to a “buy” rating and set a $68.00 price target for the company in a research note on Friday, January 20th. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $58.41.
Hess Corp. (NYSE:HES) traded up 3.45% during mid-day trading on Friday, reaching $47.42. The company had a trading volume of 4,354,114 shares. Hess Corp. has a 52 week low of $45.12 and a 52 week high of $65.56. The firm’s market capitalization is $14.89 billion. The stock’s 50-day moving average price is $48.03 and its 200 day moving average price is $52.94.
Hess Corp. (NYSE:HES) last announced its quarterly earnings results on Wednesday, April 26th. The oil and gas producer reported ($1.07) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.10) by $0.03. Hess Corp. had a negative return on equity of 7.51% and a negative net margin of 126.59%. The firm earned $1.28 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the previous year, the business earned ($1.72) EPS. Hess Corp.’s revenue for the quarter was up 28.4% compared to the same quarter last year. On average, equities research analysts predict that Hess Corp. will post ($3.43) EPS for the current year.
In related news, insider Michael R. Turner sold 1,192 shares of Hess Corp. stock in a transaction dated Tuesday, March 7th. The stock was sold at an average price of $51.03, for a total value of $60,827.76. Following the completion of the transaction, the insider now owns 97,548 shares in the company, valued at approximately $4,977,874.44. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director William G. Schrader purchased 484 shares of the business’s stock in a transaction that occurred on Tuesday, February 28th. The stock was acquired at an average price of $51.71 per share, with a total value of $25,027.64. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 36,300 shares of company stock valued at $1,839,552. 11.83% of the stock is owned by company insiders.
About Hess Corp.
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.