Hess Corporation (NYSE:HES) Receives Daily News Sentiment Score of 0.19

Press coverage about Hess Corporation (NYSE:HES) has trended somewhat positive on Tuesday, according to Accern Sentiment Analysis. The research group identifies positive and negative press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Hess Corporation earned a news sentiment score of 0.19 on Accern’s scale. Accern also assigned media headlines about the oil and gas producer an impact score of 93 out of 100, indicating that recent press coverage is extremely likely to have an effect on the company’s share price in the near term.

These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:

Hess Corporation (NYSE HES) traded up 1.01% on Tuesday, reaching $42.89. The company had a trading volume of 1,083,403 shares. Hess Corporation has a 12 month low of $39.89 and a 12 month high of $65.56. The firm has a 50 day moving average price of $45.66 and a 200-day moving average price of $51.25. The stock’s market capitalization is $13.46 billion.

Hess Corporation (NYSE:HES) last posted its earnings results on Wednesday, April 26th. The oil and gas producer reported ($1.07) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.10) by $0.03. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.34 billion. Hess Corporation had a negative return on equity of 7.15% and a negative net margin of 116.02%. The company’s revenue for the quarter was up 28.4% on a year-over-year basis. During the same period in the previous year, the company posted ($1.72) earnings per share. Analysts forecast that Hess Corporation will post ($3.71) earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Friday, June 16th were issued a dividend of $0.25 per share. The ex-dividend date was Wednesday, June 14th. This represents a $1.00 annualized dividend and a yield of 2.36%. Hess Corporation’s dividend payout ratio is presently -5.23%.

Several analysts have recently weighed in on HES shares. Scotiabank set a $52.00 price objective on Hess Corporation and gave the company a “buy” rating in a report on Monday, March 27th. Barclays PLC reaffirmed a “hold” rating and set a $61.00 target price (down from $64.00) on shares of Hess Corporation in a research report on Friday, April 14th. KLR Group reaffirmed a “buy” rating and set a $60.00 target price (up from $58.00) on shares of Hess Corporation in a research report on Saturday, April 29th. BidaskClub raised Hess Corporation from a “strong sell” rating to a “sell” rating in a research report on Saturday, July 1st. Finally, Zacks Investment Research lowered Hess Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, June 21st. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the stock. Hess Corporation currently has a consensus rating of “Hold” and an average target price of $55.39.

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Hess Corporation Company Profile

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.

Insider Buying and Selling by Quarter for Hess Corporation (NYSE:HES)

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