|Bid||41.00 x 100|
|Ask||59.10 x 200|
|Day's Range||57.95 - 59.25|
|52 Week Range||37.25 - 59.56|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 24, 2018 - Apr 30, 2018|
|Forward Dividend & Yield||1.00 (1.73%)|
|1y Target Est||55.86|
On April 25, the EIA released its crude oil inventory report. The EIA reported that US crude oil inventories increased by 2.1 MMbbls (million barrels) to 429.7 MMbbls on April 13–20. However, the inventories declined by 98.9 MMbbls or ~18.7% YoY (year-over-year).
The LA 1 Coalition, today received a $300,000 grant from Hess Corporation (HES) to help build phase 2 of the Louisiana Highway One (LA 1) Improvement Project. The project supports the ongoing redevelopment of Louisiana Highway One, which is located in the state’s southern Lafourche Parish. The region is the gateway to energy production from the Gulf of Mexico, supporting 18 percent of the Unites States domestic oil production and 4 percent of its natural gas production.
On April 25, US crude oil June futures rose 0.5% and closed at $68.05 per barrel, despite a bearish inventory report. However, between April 18 and April 25, US crude oil June futures fell 0.6%. The prices are just ~0.9% off their more-than-three-year closing high of $68.64 per barrel.
Hess Corporation today announced that its subsidiary, Hess Guyana Exploration Limited, had reached agreement with Esso Exploration and Production Guyana Limited to acquire a 15 percent participating interest in the Kaieteur Block, offshore Guyana.
Higher realized oil and natural gas prices, rise in throughput volumes and the plunge in operating expenses support Hess' (HES) first-quarter results.
Hess Corporation (HES) reported its 1Q18 earnings today. The company’s revenue for the quarter was ~$1.39 billion, compared to analysts’ estimates of ~$1.2 billion. Revenues were higher both on a year-over-year and a sequential basis. In 1Q17, the company reported revenue of $1.25 billion. In 4Q17, Hess reported revenue of $1.29 billion.
NEW YORK, NY / ACCESSWIRE / April 25, 2018 / Hess Corporation (NYSE: HES ) will be discussing their earnings results in their Q1 Earnings Call to be held on April 25, 2018 at 10:00 AM Eastern Time. To ...
The New York-based company said it had a loss of 38 cents per share. Losses, adjusted for non-recurring costs, came to 27 cents per share. The results surpassed Wall Street expectations. The average estimate ...
Hess Corporation today reported a net loss of $106 million, or $0.38 per common share, in the first quarter of 2018, compared to a net loss of $324 million, or $1.07 per common share, in the first quarter of 2017.
Hess Corporation’s (NYSE:HES): Hess Corporation, an exploration and production company, develops, produces, purchases, transports, and sells crude oil, natural gas liquids (NGLs), and natural gas. The US$18.44B market-cap company announcedRead More...
On April 23, US crude oil June futures rose 0.4% and settled at $68.64 per barrel—the highest closing level for US crude oil active futures in more than three years. On the same day, the US Dollar Index rose 0.7%.
Anadarko Petroleum (APC) is scheduled to release its 1Q18 earnings on May 1 after the markets close. Anadarko Petroleum’s 1Q18 revenue estimate stands at ~$2.95 billion—compared to its revenues of ~$3.77 billion in 1Q17.
According to the North Dakota Department of Mineral Resources, the state produced 1,174,769 barrels of oil per day and 2,102,266 thousand cubic feet per day of associated gas in February.
On April 11–18, 2018, our list of oil-weighted stocks rose 8.8%. US crude oil June futures rose 2.6% during this period. In the seven calendar days to April 18, the oil-weighted stocks with the largest gains were: Oasis Petroleum (OAS) rose 17.6%. WPX Energy (WPX) rose 13.6%. California Resources (CRC) rose 13.1%.
Approximately 52.4% of analysts rate Hess (HES) a “hold,” and ~43% rate it a “buy.” The average broker target price of $55.29 for Hess implies returns of around ~3.7% in the next 12 months.
Hess’s (HES) stock has mostly been on an uptrend since the beginning of this year. Year-over-year, Hess stock has risen ~7.85%. Crude oil prices (DBO)(USO) have increased ~26.72%. Meanwhile, the broader energy ETF—the Energy Select Sector SPDR ETF (XLE)—has increased 3.03%. The broader market ETF—the S&P 500 SPDR ETF—has increased ~14.04%.
Hess’s (HES) 4Q17 production volumes, excluding Libya, totaled 282 Mboepd (thousand barrels of oil equivalent per day). 4Q16 production volumes were 307 Mboepd. Hess’s 1Q18 production guidance range, excluding Libya, is 220–225 Mboepd. The lower production forecast reflects the effect of unplanned downtime at its third-party-operated Enchilada platform in the Gulf of Mexico, which had also affected 4Q17 volumes.
Hess Corporation (HES) plans to release its fiscal 1Q18 earnings on April 25. Revenue estimates for 1Q18 are at $1.16 billion. In comparison, Hess reported revenue of $1.27 billion in 1Q17.
On April 16, 2018, US crude oil May futures fell 1.7% from the highest closing level for US crude oil active futures in more than three years. On April 13, 2018, US crude oil May futures settled at $67.39 per barrel. On April 16, US crude oil May futures settled at $66.22 per barrel.