|Bid||71.25 x 1800|
|Ask||75.20 x 2200|
|Day's Range||71.51 - 73.25|
|52 Week Range||40.26 - 73.25|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 23, 2018 - Oct 29, 2018|
|Forward Dividend & Yield||1.00 (1.42%)|
|1y Target Est||71.53|
DALLAS , Sept. 25, 2018 /PRNewswire/ -- On September 21, 2018 , Swank Capital, LLC, and Cushing ® Asset Management, LP, announced the upcoming rebalancing of The Cushing ® Energy Supply Chain Index (the ...
U.S. oil producer Hess Corp has no intention to sell its assets in Asia as the region provides good, steady cash flow and a stable political environment, a senior company executive told Reuters on Tuesday. While the company sold assets in Thailand and Indonesia a few years ago as it saw little growth in those two countries, Southeast Asia still plays a key role in its portfolio, said Greg Hill, president and chief operating officer of Hess. "We have 20 years of investment opportunities that have provided good stable cash flow for us," said Hill on the sidelines of the Asia Pacific Petroleum Conference (APPEC) in Singapore.
Between September 14 and 21, the United States Oil ETF (USO) rose 3.2%, the United States 12-Month Oil ETF (USL) rose 2%, and the ProShares Ultra Bloomberg Crude Oil ETF (UCO) rose 6.2%. These ETFs track US crude oil futures.
Between September 14 and 21, US crude oil November futures rose 2.9% and closed at $70.78 per barrel. In September, US crude oil active futures have risen 1.4% after rising 1.5% in August. The US dollar’s fall, as well as the OPEC–non-OPEC meeting, may have boosted oil prices. Gasoline inventories’ significant fall may have been behind WTI’s outperformance of Brent oil.
DALLAS , Sept. 21, 2018 /PRNewswire/ -- Swank Capital, LLC, and Cushing ® Asset Management, LP, announce today the upcoming rebalancing of The Cushing ® Energy Supply Chain Index (the "Index") ...
Hess (NYSE:HES) has seen its stock rise by over 45% so far this year and ConocoPhillips (NYSE:COP) is up almost 39% on the year. Conversely, Chevron (NYSE:CVX) is up a measly 1.7% so far in 2018. As such, investors might be overlooking CVX stock at this point, but they shouldn’t.
This represents an increase in short interest as investors who seek to profit from falling equity prices added to their short positions on September 17. The current level displays a positive indicator.
Hess has earned a place on the prestigious Dow Jones Sustainability Index (DJSI) North America for the ninth consecutive year. The index, which recognizes public companies for outstanding performance across economic, environmental and social factors, is used as a reference by shareholders who consider sustainability when making investment decisions. Only the most sustainable companies in each industry are considered each year for index membership.
Short interest is moderate for HES with between 5 and 10% of shares outstanding currently on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices.
After the second quarter, management announced plans for five development phases, bringing the project's total capacity to at least 750 thousand barrels of oil per day by 2025. Additionally, we maintain conviction in our no-moat rating, as Hess is unable to earn its cost of capital until 2024 at the earliest, even with Guyana. There's little doubt that Hess' entry into Guyana will be transformative.
The Board of Directors of Hess Corporation today declared a regular quarterly dividend of 25 cents per share payable on the Common Stock of the Corporation on September 28, 2018 to holders of record at the close of business on September 17, 2018.
The Board of Directors of Hess Corporation today declared a quarterly cash dividend of $20 per share on the Company’s 8.00% Series A Mandatory Convertible Preferred Stock, which is equivalent to $1.00 per depositary share, each representing 1/20th interest in a share of Series A preferred stock.
Tullow Oil (TLW.L) plans to drill its first well in the much-watched Guyana offshore basin in the third quarter of next year in its Orinduik licence bordering discoveries by Exxon (XOM.N), a spokesman said on Wednesday. Exxon and U.S. partner Hess Corp (HES.N) have said that more than 4 billion barrels of oil equivalent could be recovered from the Stabroek block off Guyana, which is part of one of the world's biggest oil discoveries in the past decade. Tullow owns 60 percent and Eco Atlantic Oil and Gas (EOG.V) 40 percent in Orinduik.
Hess Corporation (HES) today announced that it has completed the previously announced sale of its joint venture interests in the Utica shale play in eastern Ohio to Ascent Resources – Utica, LLC for net cash consideration of approximately $400 million, effective April 1. Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. More information on Hess Corporation is available at http://www.hess.com.
Hess Corporation (HES) today announced a ninth oil discovery offshore Guyana at the Hammerhead-1 well, marking its fifth oil discovery on the Stabroek Block in the past year and proving a new play concept for potential development. “Hammerhead is another significant oil discovery that further demonstrates the tremendous prospectivity of the Stabroek Block, where we continue to see multi billion barrels of additional exploration potential,” CEO John Hess said.
The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. The current level displays a positive indicator.
U.S. equity indices rebounded in the second quarter, with large cap value indices gaining back some of their first quarter losses, while small cap indices rose sharply leading to meaningful year to date gains. The Federal Reserve increased the discount rate at its June meeting, and indicated that an additional three rate hikes, one more than some expected, could occur over the balance of 2018 given the strong U.S. economy. Most global equity markets appreciated during the quarter, while emerging markets broadly fell.