EPS Forecast Revision Trends: Hess Corporation (HES)


Several analysts have released their opinion on Hess Corporation (NYSE:HES), with 5 analysts believing it is a strong buy. They now have $50.00 price target on the oil and gas producer's stock. The Bakken Midstream segment provides fee-based services, including crude oil and natural gas gathering, processing of natural gas and the fractionation of NGLs, transportation of crude oil by rail auto, terminaling and loading crude oil and NGLs, and the storage and terminaling of propane, primarily in the Bakken shale play of North Dakota. The company has interests in the best areas of the play. Hess declared new oil discovery from the Payara-1 well located off the coast of Guyana. Hess Corporation has a consensus rating of "Hold" and an average price target of $51.92.

A number of other research analysts also recently issued reports on HES. The firm has "Hold" rating by BMO Capital Markets given on Monday, June 26. Hess Corporation (NYSE:HES) has consensus analyst target price is $50.93. Scotiabank set a $53.00 target price on shares of Hess Corporation and gave the company a buy rating in a research report on Tuesday, June 20th.

Senior Vice President, Lowery-Yilmaz Barbara J, sold 3,873 common shares of Hess Corporation (HES) in the open market. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. The stock's last price was higher from the average trading price of 50 days recorded at $67.5 while enlarging the period to 200 trading days, the average price was $61.49.

Shares of Hess Corporation (NYSE HES) traded down 1.92% during midday trading on Thursday, reaching $43.48. Glob X Mngmt Company Llc accumulated 30,134 shares. Hess Corporation has a 12-month low of $37.25 and a 12-month high of $65.56. Blackrock Inc. owns $1.27 billion in Hess Corporation, which represents roughly 9.04% of the company's market cap and approximately 10.28% of the institutional ownership.

Now, the FactSet Research estimate calls for Q3 2017 earnings of US$-1.32. Hess Corporation had a negative return on equity of 8.49% and a negative net margin of 118.07%.

On a similar note, analysts expect EPS of -$1.32 in September 2017 quarter and -$1.09 in December 2017 quarter, representing 17.86% and 7.92% growth, respectively. Next quarter's EPS is forecasted to be $-1.08 and the next full year EPS is anticipated to be $-3.50.

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The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th.

Institutional investors now hold around $12.33 billion or 89.6% in HES stock. (HES) to Neutral, Positively Revises EPS Estimates" with publication date: "September 14, 2017. Hess Corporation's dividend payout ratio (DPR) is now -5.18%. Also, insider Brian D. Truelove sold 6,000 shares of Hess Corporation stock in a transaction on Monday, September 18th. In a transaction dated August 08, 2017, the shares were put up for sale at an average price of $43.47, raking in a sum of $168,359. The SEC filing shows that Hill Gregory P. performed a sale of 11,726 shares.

In the transaction dated March 07, 2017, the great number of shares disposed came courtesy the Senior Vice President; Truelove Brian D. disposed a total of 2,128 shares at an average price of $51.03, amounting to approximately $108,592. The disclosure for this sale can be found here. They were forecasting US$-0.89 per share three months ago. D Orazio & Associates Inc. grew its stake in shares of Hess Corporation by 266.7% during the 1st quarter. Chevy Chase Trust Holdings Inc. grew its stake in Hess Corporation by 0.3% in the 2nd quarter. Artisan Partners Limited Partnership now owns 5,074,723 shares of the oil and gas producer's stock worth $222,628,000 after acquiring an additional 445,857 shares during the last quarter. Westpac Banking Corp boosted its holdings in Hess Corporation by 12.7% during the 2nd quarter. Westpac Banking Corp now owns 159,383 shares of the oil and gas producer's stock valued at $6,992,000 after acquiring an additional 18,000 shares during the period. Finally, Artisan Partners Limited Partnership boosted its holdings in Hess Corporation by 9.6% during the 2nd quarter. Swiss National Bank boosted its holdings in Hess Corporation by 2.8% during the 2nd quarter. Advisor Group Inc. now owns 4,107 shares of the oil and gas producer's stock worth $167,000 after acquiring an additional 362 shares in the last quarter. Hess Corporation has 316.1 million shares outstanding, and in the last trade has seen ATR around 1.04. The Firm is engaged in exploration, development, production, transportation, purchase and sale of crude oil, natural gas liquids and natural gas. The Business's segments include Exploration and Production, and Bakken Midstream.