Hess Corporation (NYSE:HES) is set to announce second quarter earning results on Wednesday 29th July 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, HES to report 2Q20 loss of $ 1.14 per share.
For the full year, analysts anticipate top line of $ 5401.38 million, while looking forward to loss of $ 2.2 per share bottom line.
Previous Quarter Performance
Hess Corporation announced loss for the first quarter of $ 0.60 per share, from the revenue of $ 1,369.00 million. The quarterly revenues shrunk 14.38 percent compared with the same quarter last year. Street analysts expected Hess Corporation to report loss of $ 0.64 per share on revenue of $ 1398.87 million for the first quarter. The bottom line results beat street analysts by $ 0.04 or 6.25 percent, at the same time, top line results fell short of analysts by $ 29.87 million or 2.14 percent.
Historical Earnings Performance
wpDataChart with provided ID not found! wpDataTable with provided ID not found!Click Here For More Historical Earnings Of Hess Corporation
Stock Performance
According to the previous trading day, closing price of HES was $ 48.10, representing a 84.57 % increase from the 52 week low of $ 26.06 and a 35.1 % decrease over the 52 week high of $ 74.11.
The company has a market capital of $ 14.77 billion and is part of the Energy sector and Oil & Gas E&P industry.
[stock_market_widget type=”chart” template=”basic” color=”orange” assets=”HES” range=”1y” interval=”1mo” axes=”true” cursor=”true” api=”yf” style=”height: 400px;”]
Recent Analyst recommendations
- On 15th July 2020, upgraded by Wolfe Research to Outperform from Peer Perform rating, with $ 59.00 target price.
- On 13th July 2020, maintained by Scotiabank at Sector Outperform rating, with $ 60.00 target price.
- On 29th June 2020, maintained by UBS Group at Neutral rating, with $ 49.00 target price.
- On 2nd June 2020, upgraded by Citigroup to Buy from Neutral rating, with $ 60.00 target price.
- On 1st June 2020, upgraded by JPMorgan Chase & Co. to Overweight from Neutral rating, with $ 53.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.25 per share on June 2, 2020. The dividend were payable on June 30, 2020 to holders of record as of the close of business on June 15, 2020 and ex-dividend date on June 12, 2020.
Conference Call
Hess Corporation will be hosting a conference call at 10:00 AM eastern time on 29th July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.hess.com
Hess Corporation, an exploration and production company, explores for, develops, produces, purchases, transports, and sells crude oil, natural gas liquids (NGLs), and natural gas. It operates through two segments, Exploration and Production, and Midstream. The company conducts production operations primarily in the United States, Denmark, the Malaysia/Thailand Joint Development Area, and Malaysia; and exploration activities primarily offshore Guyana, Suriname, Canada, and in the Gulf of Mexico.
