|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||57.37 - 58.15|
|52 Week Range||37.25 - 58.98|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 25, 2018|
|Forward Dividend & Yield||1.00 (1.82%)|
|1y Target Est||55.29|
Matthew Cheslock joins Yahoo Finance's Seana Smith from the floor of the New York Stock Exchange to discuss the latest market moves.
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.
Between April 4 and April 11, 2018, our list of oil-weighted stocks rose 8.2%, which was 2.8% more than the rise in US crude oil May futures. In the past five trading sessions, the oil-weighted stocks with the largest gains were: California Resources (CRC): rose 21.4% Carrizo Oil & Gas (CRZO): rose 12.1% Whiting Petroleum (WLL): rose 11.5%
Ghana will launch its first exploration licensing round in the last quarter of this year offering about six offshore blocks, deputy energy minister Mohamed Amin Adam said. Ghana currently produces 200,000 barrels of oil per day (bpd), led by its flagship Jubilee field which produces about 100,000 bpd, he said. Adam said global oil majors like BP, Shell and some independent producers have shown interest in acquiring a stake in oil assets in Ghana.
Hess Corporation announced today that it will hold a conference call on Wednesday, April 25, 2018 at 10 a.m. Eastern Daylight Time to discuss its first quarter 2018 earnings release.
Willing to take on a little more risk for the potential of generating a higher return? Consider a smart-home provider, an oil giant, and a movie exhibitor.
Intel’s (INTC) recently voted unanimously to extend Andy Bryant’s term as chairman of the company. This year, Intel shareholders will meet to elect directors who will sit on the company’s board. If elected, Bryant will continue to serve as chairman until 2019.
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. Over the last one-month, outflows of investor capital in ETFs holding HES totaled $18.44 billion.
The Trump administration heralded the government's sale last month of U.S. drilling leases in the Gulf of Mexico as a bellwether. If that is the case, a Reuters analysis of the sale's results shows reason to worry about demand in future offshore auctions. Reuters examined the acreage offered and leased, and nearly all the purchases show big drillers stuck closest to existing infrastructure, shunning the most far-flung areas.
A big restructuring that could begin to pay off for investors soon could make this a great time to add Hess Corporation to your portfolio.
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. Over the last one-month, outflows of investor capital in ETFs holding HES totaled $4.83 billion.