Hess Corporation (HES) witnessed a selling pressure and the shares last traded with a loss of -0.67 points or -1.24% at $53.51. Investors jumped in to buy the shares on weakness. The net money flow till latest update was calculated at $16.32 million with an inflow of $45.29 million in upticks and an outflow of $28.97 million in downticks. Using the data, the up/down ratio is found to be 1.56. The share price has recorded -2.48% on a weekly basis.A block trade of $10.59 million in uptick and $0 million in downtick was also observed, resulting in an up/down ratio of 0. The net money flow of the block trade stood at a $10.59, signaling heavy buying.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.
Hess Corporation has lost 5.22% in the last five trading days and dropped 14.1% in the last 4 weeks. Hess Corporation is up 11.99% in the last 3-month period. Year-to-Date the stock performance stands at -14.1%. Hess Corporation (NYSE:HES) witnessed a decline in the market cap on Wednesday as its shares dropped 1.24% or 0.67 points. After the session commenced at $54.63, the stock reached the higher end at $54.96 while it hit a low of $53.036. With the volume soaring to 3,991,586 shares, the last trade was called at $53.51. The company has a 52-week high of $65.5596. The company has a market cap of $16,942 million and there are 316,621,060 shares in outstanding. The 52-week low of the share price is $36.95.
Company has reported several Insider transactions to the SEC, on Nov 18, 2016, Gregory P. Hill (COO and President, E&P) sold 2,951 shares at 51.78 per share price.On Nov 7, 2016, Brian D. Truelove (Senior Vice President) sold 5,000 shares at 47.41 per share price.On Mar 8, 2016, John P Rielly (Senior Vice President and CFO) sold 5,707 shares at 49.28 per share price.
Hess Corp. Last issued its quarterly earnings results on Jan 25, 2017. The company reported $-1.01 EPS for the quarter, beating the analyst consensus estimate by $ 0.07. Analyst had a consensus of $-1.08. The company had revenue of $1386.00 million for the quarter, compared to analysts expectations of $1377.53 million. The companys revenue was down -.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-1.40 EPS.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Hess Corp. was Upgraded by JP Morgan to Overweight on Dec 8, 2016.
New York-based Hess Corporation, previously known as Amerada Hess Corporation, is a global exploration and production company that develops, produces, purchases, transports and sells crude oil and natural gas. The companys E&P activities are concentrated in Algeria, Australia, Azerbaijan, Brazil, Denmark, Egypt, Equatorial Guinea, Gabon, Ghana, Indonesia, Libya, Malaysia, Norway, Russia, Thailand, the United Kingdom and the United States. As of year-end 2014, Hess proved reserves tally stood at 1.43 billion oil-equivalent barrels. In 2013, Hess sold its gas stations and exited the refining business to operate as a pure play E&P.