|Bid||52.64 x 1000|
|Ask||52.65 x 1000|
|Day's Range||51.57 - 53.54|
|52 Week Range||40.37 - 74.81|
|Beta (3Y Monthly)||1.87|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 4, 2019 - Feb 8, 2019|
|Forward Dividend & Yield||1.00 (1.87%)|
|1y Target Est||71.09|
Futures in New York settled 1 percent lower on Wednesday. A warning from Iran about discord among OPEC members added to worries that major oil exporters won’t succeed with last week’s pledge to curtail output. The U.S. Energy Information Administration said earlier in the day that American crude inventories had fallen 1.21 million barrels, well below the 10.2 million cited in an industry report Tuesday that had raised oil bulls’ hopes.
Hess Corporation will provide a detailed update on progress in executing its strategy for long term value creation at its Investor Day today in Houston. The company’s pl
NEW YORK, Dec. 12, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
For 2019, ConocoPhillips (COP) expects production between 1,300 MBOED to 1,350 MBOED, up 5% on a pro-forma basis from the midpoint.
Hess Infrastructure Partners LP (“HIP” or the “Partnership”), a midstream energy joint venture between Hess Corporation (“Hess”) (HES) and Global Infrastructure Partners (“GIP”) and the sponsor of Hess Midstream Partners LP, a publicly traded master limited partnership (“Hess Midstream”), today announced that it has entered into a Memorandum of Understanding (“MOU”) with Hess to acquire Hess’ existing Bakken water services business for $225 million in cash, subject to customary adjustments. The parties expect to execute definitive agreements and close the transaction in the first quarter of 2019, subject to receipt of regulatory approvals.
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 negative indicator.
Hess Corp. on Monday unveiled its capital budget for 2019, saying it plans on spending $2.9 billion next year and allocate about three-quarters of that money in assets it called "high-return growth" in the U.S.'s Bakken formation and in Guyana. There will be more rigs and more well drilling in the Bakken, which is mostly located in North Dakota; in Guyana, 2019 will be "peak spending" for the first stages of developing the Liza field, with the first barrels expected to flow by 2020, Hess said. Hess has scheduled an investor day in Houston on Wednesday. The company earlier this year set a 2018 capital budget of $2.1 billion, the same as 2017, allocating about two-thirds to Bakken and Guyana fields. Shares of Hess fell nearly 3% on Monday alongside other energy stocks, and have gained 8% this year, versus losses around 2.6% each for the S&P 500 index and the Dow Jones Industrial Average.
Futures fell 3.1 percent in New York, evaporating all the gains from last week’s pact between Russia, Saudi Arabia and other top producers to crimp supplies. While the alliance known as OPEC+ agreed to slash about 1 percent of global production, it remains uncertain exactly how the cutbacks will be implemented, analysts at Goldman Sachs Group Inc. and Morgan Stanley noted. “You can see how the numbers could work out, but it’s not a startling, oh-my-God cut,” said Michael Hiley, head of OTC energy trading at LPS Futures in New York.
Oil and gas producer Hess Corp and Conocophillips both expect production for 2019 to be higher than this year even as they spend roughly the same amount of money on exploration, the companies said on Monday. Hess said the lion's share of its 2019 capital expenditure will go towards exploration in Guyana and Bakken. Conoco will spend most of its capex in Alaska and Canada, it said.
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Hess Corporation will hold an Investor Day on December 12, 2018 at 1:00 p.m. CT in Houston, TX. The meeting will feature presentations by CEO John Hess and other members of the Hess leadership team.
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 December 31, 2018 to holders of record at the close of business on December 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.
The advisory committee of OPEC reportedly suggested 1.3 million barrels per day output curb last week from the production levels of October.
Hess Corporation (HES) today announced a tenth discovery offshore Guyana at the Pluma-1 well on the Stabroek Block. As a result of this new discovery and further evaluation of previous discoveries, the estimate of discovered recoverable resources for the Stabroek Block has been increased to more than 5 billion barrels of oil equivalent, up from the previous estimate of more than 4 billion barrels of oil equivalent announced in July 2018.