Brokerage firm Wolfe Research Downgrades its rating on Hess Corp.(NYSE:HES). Previously, the analysts had a Outperform rating on the shares. The rating by Wolfe Research was issued on Sep 12, 2016.
In a different note, KLR Group said it Initiates Coverage on Hess Corp., according to a research note issued on Sep 12, 2016. The shares have been rated ‘Accumulate’ by the firm. On Jul 28, 2016, Barclays said it Maintains its rating on Hess Corp.. In the research note, the firm Lowers the price-target to $68.00 per share. The shares have been rated ‘Equalweight’ by the firm. On Jul 28, 2016, UBS said it Maintains its rating on Hess Corp.. In the research note, the firm Lowers the price-target to $65.00 per share. The shares have been rated ‘Neutral’ by the firm.
Hess Corp. (HES) shares turned negative on Tuesdays trading session with the shares closing down -0.29 points or -0.63% at a volume of 51,56,448. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $46.43. The peak price level was also seen at $46.43 while the days lowest was $45.37. Finally the shares closed at $45.67. The 52-week high of the shares is $64.08 while the 52-week low is $32.405. According to the latest information available, the market cap of the company is $14,463 M.
Hess Corp.(HES) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $1.27B. Analysts had an estimated revenue of $1.26B. Earnings per share were $-1.10. Analysts had estimated an EPS of $-1.26.
Several Insider Transactions has been reported to the SEC. On Aug 9, 2016, Gregory P. Hill (COO and President, E&P) sold 15,000 shares at $55.99 per share price.Also, On Aug 8, 2016, Brian D. Truelove (Senior Vice President) sold 2,000 shares at $54.26 per share price.On Mar 8, 2016, John P Rielly (Senior Vice President and CFO) sold 5,707 shares at $49.28 per share price, according to the Form-4 filing with the securities and exchange commission.
Hess Corporation (Hess) is an exploration and production (E&P) company that develops produces purchases transports and sells crude oil and natural gas. Its production operations are located primarily in the United States Denmark Equatorial Guinea the Joint Development Area of Malaysia/Thailand Malaysia and Norway. The Company’s production in the United States was from offshore properties in the Gulf of Mexico and onshore properties in the Bakken oil shale play in the Williston Basin of North Dakota the Permian Basin of Texas and the Utica Basin of Ohio. Approximately 16% of the Company’s crude oil and natural gas liquids production and 7% of its natural gas production were from European operations. Approximately 22% of the Company’s crude oil and natural gas liquids production were from its African operations. Approximately 1% of the Company’s crude oil and natural gas liquids production and 61% of its natural gas production were from its Asian and Other operations.