Hess Stock News

Hess Corporation (HES) shares closed 1.2% lower than its previous 52 week high, giving the company a market cap of $29B. The stock is currently up 29.2% year-to-date, up 67.4% over the past 12 months, and up 93.2% over the past five years. This week, the Dow Jones Industrial Average rose 1.1%, and the S&P 500 rose 1.5%. Trading Activity Trading volume this week was 18.4% lower than the 20-day average.Beta, a measure of the stocks volatility relative to the overall market stands at 1.2. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.MACD, a trend-following momentum indicator, indicates a downward trend.The stock closed below its Bollinger band, indicating it may be oversold.The stock closed at 2.5% higher than its 5-day moving average, 5.6% higher than its 20-day moving average, and 15.0% higher than its 90-day moving average. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Energy industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 35.3% The company's stock price performance over the past 12 months lags the peer average by -4.2% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -435.6% higher than the average peer. This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to [email protected]. © 2020 Kwhen Inc.

Oil Entering "Political Intervention Territory" Goldman Warns; Could Force OPEC+ To Boost Output Exxon - a name we have been bullish on since early 2020 - finally exploded today after reporting blockbuster earnings, and has helped move the entire energy sector even deeper into the green YTD amid a devastated stock market landscape ... a move which when stripped of noise, has been due to just one thing: the ascent of oil (thank you Biden "Green" agenda and ESG for crushing energy capex spending and sending prices soaring ) ever since its historic plunge in deep negative territory (at least for the WTI front contract) on April 20, 2020. Drilling into this move, which has helped push inflation higher and send Biden''s approval rating to the toilet, Goldman''s commodity strategist Damien Courvalin writes today that Brent oil prices have rallied past $90/bbl (hitting the bank''s 1Q22 forecast), "driven by tight fundamentals, with steep inventory draws leaving the market with concerning low inventory levels across a range of petroleum products and regions." It is in this context that OPEC+ meets this Wednesday (February 2) to set their production plans for March, with the group so far notably quiet on their decision, and even following today''s meeting of the OPEC+ Joint Technical Committee it did not discuss an output hike of more than 400K, the baseline that has been the norm for the past few months.

It''s early innings in the current earnings season, with just 4% of S&P 500 companies having reported fourth-quarter 2021 earnings. According to FactSet data, 76% of those companies have reported actual EPS above estimates, while 90% have reported a positive revenue surprise. For Q4 2021, the blended earnings growth rate for the S&P 500 has clocked in at 21.8%, which could mark the fourth straight quarter with earnings growth above 20% if the earnings trajectory remains unchanged. Of the Big Oil group, Hess Corp. (NYSE: HES) led things off

Higher commodity price realizations and increased contributions from the midstream segment aid Hess' (HES) Q4 earnings.

The Hess (HES) Q4 conference call left no doubts as to Management''s plans, the Company''s production in the Bakken will grow 20%+ between Q3 ''21 and Q4 ''22

Hess Midstream LP (HESM) Management on Q4 2021 Results - Earnings Call Transcript

Hess Corporation (HES) CEO John Hess on Q4 2021 Results - Earnings Call Transcript

After releasing capex and production plans for 2022 yesterday, and flagging a 75% bump in Bakken spend to drive 14% volume growth, Hess (HES) is out today with earnings results…

Hess press release (HES): Q4 Non-GAAP EPS of $0.85 beats by $0.12.Revenue of $2.26B (+59.2% Y/Y) beats by $290M.For FY2022: Net production, excluding Libya, is forecast to be in…

Hess (HES) delivered earnings and revenue surprises of 11.84% and 9.98%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Hess (NYSE:HES) is scheduled to announce Q4 earnings results on Wednesday, Jan. 26, before market open.

Hess (HES) announced a 2022 capex budget of $2.6b; net production is forecast to average ~335kb/d, with the Bakken delivering ~168kb/d; this forecast excludes Libya. The $2.6b budget is…