|Bid||63.49 x 800|
|Ask||63.51 x 800|
|Day's Range||62.64 - 63.71|
|52 Week Range||37.25 - 68.40|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 25, 2018|
|Forward Dividend & Yield||1.00 (1.44%)|
|1y Target Est||66.45|
On July 11, Hess Corporation’s (HES) short interest as a percentage of its float was ~7.18%. Its short interest ratio in July 2017 was 9.56%. As we can see in the image above, short interest in Hess has fallen since the start of this year after peaking in April in the weeks leading up to its first-quarter earnings.
Investing.com - Energy stocks were the biggest drag on the U.S. market Monday as oil prices tumbled on expectations Iran supply disruptions may be averted.
Chesapeake Energy Corporation ( CHK) shares fell more than 5% on Monday after Libyan production sent crude oil prices sharply lower. After crude oil's significant rally over the past year, the market was ripe for a correction, and the reopening of four ports in Libya was enough to offset early strength from a drop in U.S. production. Chesapeake Energy was one of the worst hit companies, but energy stocks experienced a broad decline.
Current implied volatility in Hess Corporation (HES) is ~34.41%, which is ~2.70% lower than its 15-day average of ~35.36%.
Approximately 52% of analysts have rated Hess Corporation (HES) as a “hold,” and ~43% have rated it as a “buy.” The remaining ~5% have rated the stock as an “underperform.”
Hess Corporation (HES) stock has mostly been on an uptrend since the beginning of this year. Year-over-year, Hess stock has risen ~57.37%. Crude oil prices (USO) have risen ~58.99% in the same period.
Hess Corporation (HES) conducts its operations in four key areas: offshore Guyana and the Bakken, which it considers its growth engines, and Malaysia and the Deepwater Gulf of Mexico, which it considers its cash engines. Hess’s high-growth projects, including Bakken and offshore Guyana, are expected to receive ~72% of its total capex between 2018 and 2020. Hess’s Malaysia and Gulf of Mexico assets are expected to receive 20% of its capex between 2018 and 2020 and to account for ~70% of its cash flow from operations in the same period.
Hess Corporation’s (HES) second-quarter production guidance range excluding Libya is 235–245 Mboepd (thousand barrels of oil equivalent per day). Assets sales have also affected Hess’s volumes. In 2017, Hess sold its subsidiary Hess Norge, which owns interests in Norway, to Aker BP for $2 billion.
Around 75.75% of the analysts rated Anadarko Petroleum (APC) as a “buy,” 21.21% rated it as a “hold,” and 3% rated it as “underperform.”
Hess Corporation (HES) is set to release its second-quarter earnings on July 25. Its revenue estimate for the second quarter is $1.34 billion. In comparison, Hess reported revenue of ~$1.23 billion in the second quarter of 2017.
On July 11, US crude oil August futures plunged 5% and closed at $70.38 per barrel, just $0.08 below the lower limit of our price forecast of $70.46 until July 13.
On July 11, the EIA (U.S. Energy Information Administration) released its weekly crude oil inventory report. The EIA reported that US crude oil inventories decreased by 12.6 MMbbls (million barrels) to 405.3 MMbbls on June 29–July 6—the largest weekly decline since September 2, 2016. The inventories are also near the lowest level since February 20, 2015. The inventories dropped by 90 MMbbls or 18.2% year-over-year. A Reuters survey estimated that US crude oil inventories could have declined by 4.5 MMbbls on June 29—July 6.
As of July 9, the short interest ratio (short interest as a percentage of float) for Whiting Petroleum (WLL) stock was ~14.26%. At the same time last year, the short interest ratio for Whiting Petroleum stock was ~5.69%. Short interest in WLL jumped in November last year after the company announced its one-for-four reverse stock split decision.
Approximately 36.4% of Wall Street analysts rated Whiting Petroleum (WLL) a “buy,” while 45.5% analysts rated it a “hold.” Around 12% of the analysts have rated WLL stock as “underperform.”
Zacks Industry Outlook Highlights: ConocoPhillips, Marathon Oil, Occidental Petroleum and Hess
Whiting Petroleum (WLL) stock has risen ~96% YTD on strong crude oil prices (DBO) and strong first-quarter earnings. With oil prices continuing to rise in the second quarter, Whiting’s financial results should follow suit, which could provide a further boost to the stock. Higher oil prices are helping to bridge the gap between capital expenditure and operating cash flows, resulting in positive free cash flows for two consecutive quarters.
Hess Corporation (HES) published its 2017 Sustainability Report today, providing a comprehensive review of the company’s strategy and performance on safety, environmental, social and governance programs and initiatives. An electronic version is available at http://www.hess.com/sustainability/sustainability-reports.
What Are Anadarko Petroleum's Key Fundamentals? The short interest ratio (or short interest as a percentage of its float) in Anadarko Petroleum (APC) stock as of July 3 was 2.59%. In the same period last year, the short interest in Anadarko Petroleum stock was 2.25%.
The implied volatility in Anadarko Petroleum (APC) is ~31.6%—6.86% higher than its 15-day average of 29.57%. In comparison, the Energy Select Sector SPDR ETF (XLE) has an implied volatility of 20.2%—7.67% higher than its 15-day average of 18.76%.
This Monday, WallStEquities.com has initiated reports coverage on the following Independent Oil & Gas equities: EP Energy Corp. (NYSE: EPE), Hess Corp. (NYSE: HES), HighPoint Resources Corp. (NYSE: HPR), and Jones Energy Inc. (NYSE: JONE). All you have to do is sign up today for this free limited time offer by clicking the link below.