Hess Corp. Has Another Very Negative Options Trading Session

 Hess Corp. Has Another Very Negative Options Trading Session

In today’s session Hess Corp. (HES) recorded an unusually high (10,081) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious HES decrease. With 10,081 contracts traded and 3774 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: HES170120P00042500 closed last at: $0.91 or 46.8% up. About 687,029 shares traded hands. Hess Corp. (NYSE:HES) has declined 5.44% since April 28, 2016 and is downtrending. It has underperformed by 11.37% the S&P500.

Analysts await Hess Corp. (NYSE:HES) to report earnings on January, 25. They expect $-0.98 earnings per share, up 30.00% or $0.42 from last year’s $-1.4 per share. After $-1.12 actual earnings per share reported by Hess Corp. for the previous quarter, Wall Street now forecasts -12.50% EPS growth.

Hess Corp. (NYSE:HES) Ratings Coverage

Out of 15 analysts covering Hess Corp. (NYSE:HES), 6 rate it a “Buy”, 0 “Sell”, while 9 “Hold”. This means 40% are positive. $90 is the highest target while $38 is the lowest. The $60.81 average target is 6.52% above today’s ($57.09) stock price. Hess Corp. has been the topic of 27 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The company was maintained on Thursday, April 7 by Citigroup. The stock of Hess Corp. (NYSE:HES) earned “Buy” rating by Zacks on Saturday, August 8. Credit Suisse downgraded Hess Corp. (NYSE:HES) on Thursday, April 28 to “Neutral” rating. On Friday, July 31 the stock rating was upgraded by Societe Generale to “Buy”. The firm has “Equal Weight” rating by Barclays Capital given on Tuesday, January 12. Credit Suisse upgraded Hess Corp. (NYSE:HES) rating on Wednesday, July 22. Credit Suisse has “Outperform” rating and $90 price target. The firm has “Neutral” rating by UBS given on Thursday, April 28. The stock of Hess Corp. (NYSE:HES) earned “Equal-Weight” rating by Capital One on Wednesday, April 27. The company was downgraded on Tuesday, January 5 by Citigroup. The stock of Hess Corp. (NYSE:HES) earned “Perform” rating by Oppenheimer on Tuesday, November 17.

According to Zacks Investment Research, “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 company’s 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.”

Insitutional Activity: The institutional sentiment decreased to 0.98 in 2016 Q2. Its down 0.08, from 1.06 in 2016Q1. The ratio is negative, as 47 funds sold all Hess Corp. shares owned while 184 reduced positions. 64 funds bought stakes while 181 increased positions. They now own 240.51 million shares or 0.38% more from 239.60 million shares in 2016Q1.
Moreover, American Registered Investment Advisor Inc has 0.16% invested in Hess Corp. (NYSE:HES) for 5,730 shares. State Treasurer State Of Michigan last reported 0.04% of its portfolio in the stock. First Personal Finance Svcs owns 141 shares or 0% of their US portfolio. Dean Inv Lc holds 0.1% or 8,534 shares in its portfolio. Bessemer Grp last reported 25,771 shares in the company. Td Asset Management has 119,988 shares for 0.01% of their US portfolio. Brandes Inv Ptnrs Limited Partnership holds 0% or 3,456 shares in its portfolio. Contravisory Invest Mngmt accumulated 2,000 shares or 0.04% of the stock. Hl Limited Liability Corp accumulated 4,060 shares or 0.01% of the stock. Farmers & Merchants Incorporated last reported 590 shares in the company. Thompson Siegel & Walmsley Limited Liability last reported 395 shares in the company. Prentiss Smith & Inc holds 0.01% or 225 shares in its portfolio. Proshare Ltd last reported 0.04% of its portfolio in the stock. Teacher Retirement System Of Texas, a Texas-based fund reported 491,207 shares. Moreover, Cubist Systematic Strategies Lc has 0.03% invested in Hess Corp. (NYSE:HES) for 7,581 shares.

Insider Transactions: Since August 5, 2016, the stock had 0 insider buys, and 4 insider sales for $1.34 million net activity. Another trade for 15,000 shares valued at $839,850 was sold by Hill Gregory P.. 5,000 Hess Corp. (NYSE:HES) shares with value of $237,045 were sold by Truelove Brian D..

Hess Corporation is an exploration and production company. The company has a market cap of $20.62 billion. The Firm is engaged in exploration, development, production, transportation, purchase and sale of crude oil, natural gas liquids, and natural gas. It currently has negative earnings. The Company’s divisions include E&P, which is engaged in the sale of crude oil, natural gas liquids and natural gas, and Bakken Midstream, which provides services, including 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 terminaling of propane, located in the Bakken shale play of North Dakota.

HES Company Profile

Hess Corporation (Hess), incorporated on February 7, 1920, is an exploration and production (E&P) company. The Firm is engaged in exploration, development, production, transportation, purchase and sale of crude oil, natural gas liquids, and natural gas. The Company’s divisions include E&P and Bakken Midstream. The Company’s E&P segment is engaged in the sale of crude oil, natural gas liquids and natural gas. The Bakken Midstream segment provides services, including 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 terminaling of propane, located in the Bakken shale play of North Dakota. The Firm has production activities located in the United States, Denmark, Equatorial Guinea, the Joint Development Area of Malaysia/Thailand (JDA), Malaysia and Norway.

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