Hess Corp (NYSE:HES) 2018 Q2 Sentiment

October 11, 2018 - By Richard Conner

Hess Corporation (NYSE:HES) Logo

Sentiment for Hess Corp (NYSE:HES)

Hess Corp (NYSE:HES) institutional sentiment decreased to 0.76 in Q2 2018. Its down -0.05, from 0.81 in 2018Q1. The ratio is negative, as 167 investment professionals opened new and increased positions, while 219 sold and reduced stakes in Hess Corp. The investment professionals in our partner’s database now hold: 235.86 million shares, down from 252.61 million shares in 2018Q1. Also, the number of investment professionals holding Hess Corp in their top 10 positions increased from 6 to 14 for an increase of 8. Sold All: 41 Reduced: 178 Increased: 102 New Position: 65.

Hess Corporation, an exploration and production company, develops, produces, purchases, transports, and sells crude oil, natural gas liquids, and natural gas. The company has market cap of $19.75 billion. The firm operates in two divisions, Exploration and Production, and Bakken Midstream. It currently has negative earnings. It is also involved in natural gas and crude oil gathering, processing of natural gas and the fractionation of natural gas liquids, transportation of crude oil by rail car, terminaling and loading natural gas and crude oil liquids, and the storage and terminating of propane primarily in the Bakken and Three Forks Shale plays in the Williston Basin area of North Dakota.

The stock decreased 1.90% or $1.2777 during the last trading session, reaching $65.9123. About 417,890 shares traded. Hess Corporation (NYSE:HES) has risen 57.07% since October 11, 2017 and is uptrending. It has outperformed by 41.45% the S&P500.

Analysts await Hess Corporation (NYSE:HES) to report earnings on October, 24. They expect $-0.11 earnings per share, up 89.72 % or $0.96 from last year’s $-1.07 per share. After $-0.23 actual earnings per share reported by Hess Corporation for the previous quarter, Wall Street now forecasts -52.17 % EPS growth.

Central Securities Corp holds 7.29% of its portfolio in Hess Corporation for 700,000 shares. Impala Asset Management Llc owns 2.37 million shares or 7.27% of their US portfolio. Moreover, Trinity Street Asset Management Llp has 5.65% invested in the company for 495,753 shares. The New York-based Encompass Capital Advisors Llc has invested 5.36% in the stock. Colrain Capital Llc, a Massachusetts-based fund reported 58,575 shares.

Since January 1, 0001, it had 0 insider purchases, and 1 insider sale for $696,114 activity.

Hess Corporation (NYSE:HES) Ratings Coverage

Ratings analysis reveals 38% of Hess’s analysts are positive. Out of 8 Wall Street analysts rating Hess, 3 give it “Buy”, 1 “Sell” rating, while 4 recommend “Hold”. The lowest target is $55 while the high is $87. The stock’s average target of $73.33 is 11.25% above today’s ($65.9123) share price. HES was included in 11 notes of analysts from April 22, 2018. KLR Group downgraded Hess Corporation (NYSE:HES) rating on Thursday, April 26. KLR Group has “Hold” rating and $64 target. The firm earned “Buy” rating on Sunday, April 22 by Piper Jaffray. Bank of America maintained the stock with “Buy” rating in Monday, September 17 report. The company was reinitiated on Friday, September 28 by PiperJaffray. On Tuesday, September 18 the stock rating was maintained by Morgan Stanley with “Overweight”. The rating was maintained by Barclays Capital with “Equal-Weight” on Thursday, April 26. The firm has “Underweight” rating given on Wednesday, July 11 by Barclays Capital. The firm earned “Neutral” rating on Thursday, April 26 by Macquarie Research.

Hess Corporation (NYSE:HES) Institutional Positions Chart

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