$-1.03 EPS Expected for Hess Corporation (HES)

January 14, 2018 - By Dolores Ford

 $ 1.03 EPS Expected for Hess Corporation (HES)
Investors sentiment decreased to 0.88 in 2017 Q3. Its down 0.12, from 1 in 2017Q2. It turned negative, as 43 investors sold Hess Corporation shares while 162 reduced holdings. 48 funds opened positions while 133 raised stakes. 254.48 million shares or 1.67% more from 250.30 million shares in 2017Q2 were reported.
Highlander Llc has 3,450 shares. 161 were accumulated by Oakworth. Stifel Corp holds 0% of its portfolio in Hess Corporation (NYSE:HES) for 18,045 shares. Lowe Brockenbrough And stated it has 92,948 shares or 0.67% of all its holdings. Mirae Asset Global Investments reported 77,026 shares stake. Northwestern Mutual Wealth Mngmt Com invested in 0% or 872 shares. The Japan-based Mitsubishi Ufj Tru Corporation has invested 0.05% in Hess Corporation (NYSE:HES). American Grp Inc holds 0.02% of its portfolio in Hess Corporation (NYSE:HES) for 134,295 shares. 40,457 were reported by Mutual Of America Mgmt Limited Company. Nj State Employees Deferred Compensation Plan accumulated 10,000 shares. Thompson Davis & Co has invested 0.02% in Hess Corporation (NYSE:HES). Marathon Asset L P holds 0.07% in Hess Corporation (NYSE:HES) or 13,409 shares. Macquarie Grp Ltd invested in 0.01% or 96,450 shares. Northern Tru invested 0.04% of its portfolio in Hess Corporation (NYSE:HES). Davenport & Co Ltd Co reported 0.01% of its portfolio in Hess Corporation (NYSE:HES).

Since August 8, 2017, it had 0 insider buys, and 3 insider sales for $873,466 activity. Hill Gregory P. also sold $449,927 worth of Hess Corporation (NYSE:HES) on Thursday, August 24. Lowery-Yilmaz Barbara J sold $168,359 worth of Hess Corporation (NYSE:HES) on Tuesday, August 8.

Analysts expect Hess Corporation (NYSE:HES) to report $-1.03 EPS on January, 24.They anticipate $0.02 EPS change or 1.98 % from last quarter’s $-1.01 EPS. After having $-1.07 EPS previously, Hess Corporation’s analysts see -3.74 % EPS growth. The stock decreased 0.33% or $0.18 during the last trading session, reaching $54.54. About 3.68 million shares traded. Hess Corporation (NYSE:HES) has declined 14.55% since January 14, 2017 and is downtrending. It has underperformed by 31.25% the S&P500.

Hess Corporation (NYSE:HES) Ratings Coverage

Among 22 analysts covering Hess Corp. (NYSE:HES), 9 have Buy rating, 3 Sell and 10 Hold. Therefore 41% are positive. Hess Corp. has $90 highest and $38.0 lowest target. $55.89’s average target is 2.48% above currents $54.54 stock price. Hess Corp. had 56 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of Hess Corporation (NYSE:HES) earned “Buy” rating by Piper Jaffray on Thursday, August 24. The rating was maintained by BMO Capital Markets on Friday, June 16 with “Hold”. The stock of Hess Corporation (NYSE:HES) has “Hold” rating given on Monday, June 26 by BMO Capital Markets. Goldman Sachs downgraded Hess Corporation (NYSE:HES) rating on Tuesday, May 30. Goldman Sachs has “Hold” rating and $5800 target. Citigroup maintained Hess Corporation (NYSE:HES) on Monday, September 14 with “Buy” rating. The rating was maintained by Cowen & Co with “Hold” on Monday, September 25. Morgan Stanley initiated Hess Corporation (NYSE:HES) rating on Tuesday, January 12. Morgan Stanley has “Equal-Weight” rating and $40 target. Cowen & Co maintained it with “Hold” rating and $5500 target in Monday, July 10 report. The firm has “Outperform” rating by Wolfe Research given on Tuesday, April 11. The company was initiated on Tuesday, December 15 by Credit Agricole.

Hess Corporation, an exploration and production company, develops, produces, purchases, transports, and sells crude oil, natural gas liquids, and natural gas. The company has market cap of $17.33 billion. The firm operates in two divisions, Exploration and Production, and Bakken Midstream. It currently has negative earnings. It is also involved in natural gas and crude oil gathering, processing of natural gas and the fractionation of natural gas liquids, transportation of crude oil by rail car, terminaling and loading natural gas and crude oil liquids, and the storage and terminating of propane primarily in the Bakken and Three Forks Shale plays in the Williston Basin area of North Dakota.

More notable recent Hess Corporation (NYSE:HES) news were published by: Thestreet.com which released: “Taking a Fresh Look at Hess: Cramer’s Top Takeaways” on December 21, 2017, also Foxbusiness.com with their article: “Elliott Management readies potential new fight with Hess Corp.” published on December 14, 2017, Streetinsider.com published: “Hess Corp. (HES) Announces Positive Results from Ranger-1 Exploration Well …” on January 05, 2018. More interesting news about Hess Corporation (NYSE:HES) were released by: Seekingalpha.com and their article: “Here’s What I Don’t Like About Hess” published on January 11, 2018 as well as Bloomberg.com‘s news article titled: “Hess Just Wasn’t Made for These Times” with publication date: December 19, 2017.

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