November 25, 2016 - By Ellis Scott · 0 Comments
Hess Corp (NYSE:HES) institutional sentiment decreased to 0.98 in Q2 2016. Its down -0.08, from 1.06 in 2016Q1. The ratio worsened, as 245 funds increased or opened new stock positions, while 231 sold and reduced equity positions in Hess Corp. The funds in our partner’s database reported: 240.51 million shares, up from 239.60 million shares in 2016Q1. Also, the number of funds holding Hess Corp in their top 10 stock positions decreased from 9 to 7 for a decrease of 2. Sold All: 47 Reduced: 184 Increased: 181 New Position: 64.
Hess Corporation is an exploration and production company. The company has a market cap of $16.83 billion. The Firm is engaged in exploration, development, production, transportation, purchase and sale of crude oil, natural gas liquids, and natural gas. It currently has negative earnings. The Company’s divisions include E&P, which is engaged in the sale of crude oil, natural gas liquids and natural gas, and Bakken Midstream, which provides services, including 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 terminaling of propane, located in the Bakken shale play of North Dakota.
About 565,821 shares traded hands. Hess Corp. (NYSE:HES) has declined 16.06% since April 22, 2016 and is downtrending. It has underperformed by 21.47% the S&P500.
Analysts await Hess Corp. (NYSE:HES) to report earnings on January, 25. They expect $-0.98 EPS, up 30.00% or $0.42 from last year’s $-1.4 per share. After $-1.12 actual EPS reported by Hess Corp. for the previous quarter, Wall Street now forecasts -12.50% EPS growth.
According to Zacks Investment Research, “New York-based Hess Corporation, previously known as Amerada Hess Corporation, is a global exploration and production company that develops, produces, purchases, transports and sells crude oil and natural gas. The company’s E&P activities are concentrated in Algeria, Australia, Azerbaijan, Brazil, Denmark, Egypt, Equatorial Guinea, Gabon, Ghana, Indonesia, Libya, Malaysia, Norway, Russia, Thailand, the United Kingdom and the United States. As of year-end 2014, Hess’ proved reserves tally stood at 1.43 billion oil-equivalent barrels. In 2013, Hess sold its gas stations and exited the refining business to operate as a pure play E&P.”
Hilltop Park Associates Llc holds 8.77% of its portfolio in Hess Corp. for 35,000 shares. Mitchell Group Inc owns 812,086 shares or 4.9% of their US portfolio. Moreover, Price Michael F has 4.23% invested in the company for 530,000 shares. The New York-based Sir Capital Management L.P. has invested 3.64% in the stock. Guinness Asset Management Ltd, a United Kingdom-based fund reported 191,702 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 4 sales for $1.34 million net activity.
Ratings analysis reveals 40% of Hess Corp.’s analysts are positive. Out of 15 Wall Street analysts rating Hess Corp., 6 give it “Buy”, 0 “Sell” rating, while 9 recommend “Hold”. The lowest target is $38 while the high is $90. The stock’s average target of $60.81 is 15.63% above today’s ($52.59) share price. HES was included in 27 notes of analysts from July 22, 2015. The firm has “Neutral” rating by UBS given on Thursday, April 28. The company was initiated on Wednesday, December 9 by JP Morgan. The company was maintained on Monday, September 14 by Citigroup. The firm earned “Equal-Weight” rating on Wednesday, April 27 by Capital One. Credit Suisse downgraded Hess Corp. (NYSE:HES) rating on Thursday, April 28. Credit Suisse has “Neutral” rating and $65 price target. The firm has “Perform” rating given on Tuesday, November 17 by Oppenheimer. JP Morgan maintained it with “Neutral” rating and $38 target price in Monday, January 25 report. The rating was upgraded by Argus Research to “Buy” on Tuesday, August 18. Barclays Capital maintained it with “Equal Weight” rating and $49.0 target price in Tuesday, January 12 report. The firm has “Buy” rating given on Friday, July 31 by Societe Generale.
Hess Corporation (Hess), incorporated on February 7, 1920, is an exploration and production (E&P) company. The Firm is engaged in exploration, development, production, transportation, purchase and sale of crude oil, natural gas liquids, and natural gas. The Company’s divisions include E&P and Bakken Midstream. The Company’s E&P segment is engaged in the sale of crude oil, natural gas liquids and natural gas. The Bakken Midstream segment provides services, including 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 terminaling of propane, located in the Bakken shale play of North Dakota. The Firm has production activities located in the United States, Denmark, Equatorial Guinea, the Joint Development Area of Malaysia/Thailand (JDA), Malaysia and Norway.
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By Ellis Scott