Hess (HES) to Release Quarterly Earnings on Tuesday
Hess (NYSE:HES) is scheduled to be announcing its earnings results before the market opens on Tuesday, January 23rd. Analysts expect the company to announce earnings of ($0.95) per share for the quarter.
Hess (NYSE:HES) last released its quarterly earnings results on Wednesday, October 25th. The oil and gas producer reported ($1.07) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($1.29) by $0.22. Hess had a negative return on equity of 9.30% and a negative net margin of 113.21%. The business had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same period in the previous year, the business posted ($1.12) earnings per share. The firm’s revenue for the quarter was up 39.3% compared to the same quarter last year. On average, analysts expect Hess to post $-5 EPS for the current fiscal year and $-3 EPS for the next fiscal year.
Hess (NYSE:HES) opened at $54.54 on Tuesday. The company has a quick ratio of 1.68, a current ratio of 1.84 and a debt-to-equity ratio of 0.46. Hess has a twelve month low of $37.25 and a twelve month high of $60.13. The stock has a market capitalization of $17,340.00, a PE ratio of -2.70 and a beta of 1.77.
HES has been the subject of a number of research analyst reports. BMO Capital Markets set a $45.00 price target on Hess and gave the company a “hold” rating in a report on Tuesday, October 10th. Zacks Investment Research raised Hess from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a report on Wednesday, October 11th. Morgan Stanley lifted their price target on Hess from $43.00 to $49.00 and gave the company an “equal weight” rating in a report on Wednesday, October 18th. Scotiabank set a $52.00 price target on Hess and gave the company a “buy” rating in a report on Wednesday, October 25th. Finally, Credit Suisse Group initiated coverage on Hess in a report on Monday, December 11th. They issued an “underperform” rating and a $38.00 price target for the company. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $51.12.
In other Hess news, COO Gregory P. Hill sold 7,400 shares of the business’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $44.62, for a total transaction of $330,188.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 11.80% of the company’s stock.
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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, the Malaysia/Thailand Joint Development Area (JDA), Malaysia and Norway.
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