Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Hess (NYSE:HES) Share Price
News coverage about Hess (NYSE:HES) has trended somewhat positive recently, Accern reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Hess earned a coverage optimism score of 0.04 on Accern’s scale. Accern also gave press coverage about the oil and gas producer an impact score of 45.6399220404365 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the media headlines that may have effected Accern Sentiment’s analysis:
- George Hess Elected Chairman of Home Builders Institute (prweb.com)
- Hess Corp. (HES) Forecasted to Earn Q1 2018 Earnings of ($0.64) Per Share (americanbankingnews.com)
- Malaysia’s Petronas sells new Bergading condensate for March -sources (finance.yahoo.com)
- Hess (HES) Scheduled to Post Earnings on Monday (americanbankingnews.com)
- Morgan Stanley Boosts Hess (HES) Price Target to $57.00 (americanbankingnews.com)
A number of research firms recently commented on HES. BMO Capital Markets reaffirmed a “hold” rating and issued a $50.00 price target on shares of Hess in a report on Thursday, January 11th. Macquarie began coverage on shares of Hess in a report on Wednesday, January 17th. They issued an “outperform” rating and a $65.00 price target on the stock. Morgan Stanley boosted their target price on shares of Hess from $49.00 to $57.00 and gave the company an “equal weight” rating in a report on Wednesday, January 24th. Scotiabank set a $50.00 target price on shares of Hess and gave the company a “buy” rating in a report on Friday, November 17th. Finally, Zacks Investment Research raised shares of Hess from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a report on Thursday, November 9th. Five research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $52.40.
In other news, COO Gregory P. Hill sold 7,400 shares of the company’s stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $44.62, for a total value of $330,188.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 11.80% of the company’s stock.
Hess Corporation is an exploration and production company. The Company is engaged in exploration, development, production, transportation, purchase and sale of crude oil, natural gas liquids (NGL) and natural gas. The Company’s segments include Exploration and Production, and Bakken Midstream. Its Exploration and Production segment explores for, develops, produces, purchases and sells crude oil, NGLs and natural gas with production operations primarily in the United States, Denmark, the Malaysia/Thailand Joint Development Area (JDA), Malaysia and Norway.
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