Hess Corporation (HES) Given Daily News Sentiment Rating of 0.31

Media stories about Hess Corporation (NYSE:HES) have trended positive on Saturday, Accern Sentiment Analysis reports. The research group identifies negative and positive media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Hess Corporation earned a media sentiment score of 0.31 on Accern’s scale. Accern also gave press coverage about the oil and gas producer an impact score of 45.8034609742416 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

These are some of the media headlines that may have impacted Accern Sentiment’s scoring:

• Hess Corporation (HES-A) Ichimoku Reveals Negative Momentum – Sheridan Daily (sheridandaily.com)
• Hess Corporation (HES) vs. Murphy Oil Corporation (MUR): Which is … – StockNewsGazette (stocknewsgazette.com)
• Vanguard Group Inc Modifies Its Holdings in Hess Corporation (HES) Last Quarter – Modern Readers (modernreaders.com)
• Hess Corporation (HES) PT Set at $47.00 by Piper Jaffray Companies (americanbankingnews.com)
• ETFs with exposure to Hess Corp. : August 25, 2017 (finance.yahoo.com)

Several research analysts recently issued reports on HES shares. KLR Group reiterated a “buy” rating and issued a $60.00 target price (up from $58.00) on shares of Hess Corporation in a research report on Saturday, April 29th. Wells Fargo & Company upgraded shares of Hess Corporation from a “market perform” rating to an “outperform” rating and cut their target price for the stock from $46.13 to $45.84 in a research report on Friday, May 5th. They noted that the move was a valuation call. BMO Capital Markets reiterated a “hold” rating and issued a $55.00 target price on shares of Hess Corporation in a research report on Monday, May 15th. Scotiabank set a $53.00 target price on shares of Hess Corporation and gave the stock a “buy” rating in a research report on Tuesday, May 16th. Finally, Goldman Sachs Group, Inc. (The) lowered shares of Hess Corporation from a “buy” rating to a “neutral” rating and cut their target price for the stock from $69.00 to $58.00 in a research report on Tuesday, May 30th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $53.56.

Hess Corporation (NYSE:HES) traded up 0.36% during mid-day trading on Friday, reaching $38.50. 2,626,731 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $42.19 and its 200 day moving average price is $46.35. Hess Corporation has a one year low of $37.55 and a one year high of $65.56. The firm’s market cap is $12.10 billion.

Hess Corporation (NYSE:HES) last announced its quarterly earnings results on Wednesday, July 26th. The oil and gas producer reported ($1.46) earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the prior year, the business earned ($1.10) earnings per share. Hess Corporation’s revenue was down 3.2% on a year-over-year basis. On average, equities analysts forecast that Hess Corporation will post ($4.79) EPS for the current year.

In other news, insider Barbara J. Lowery-Yilmaz sold 3,873 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $43.47, for a total value of $168,359.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 11.80% of the stock is owned by company insiders.

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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.