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Hess Corporation (HES) Q1 Loss Wider than Expected
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Hess Corporation (HES - Free Report) is an integrated energy company engaged in oil and gas Exploration & Production (“E&P”) and refining as well as marketing. 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.
Currently, Hess Corporation has a Zacks Rank #3 (Hold) but that could change following its first quarter 2017 earnings report which has just released. You can see the complete list of today’s Zacks #1 Rank stocks here.
We have highlighted some of the key details from the just-released announcement below:
Earnings: Hess Corporation loss wider than expected. Loss per share from continuing operations (excluding special items) came in at $1.07, narrower than the Zacks Consensus Estimate of loss of $1.06 per share.
Revenue: Revenues of $1,275 million came below the Zacks Consensus Estimate of $1,347 million.
Key Stats: Quarterly hydrocarbon production was 311 thousand barrels of oil equivalent per day, down nearly 1% year over year.
Check back later for our full write up on this Hess Corporation earnings report later!
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Hess Corporation (HES) Q1 Loss Wider than Expected
Hess Corporation (HES - Free Report) is an integrated energy company engaged in oil and gas Exploration & Production (“E&P”) and refining as well as marketing. 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.
Currently, Hess Corporation has a Zacks Rank #3 (Hold) but that could change following its first quarter 2017 earnings report which has just released. You can see the complete list of today’s Zacks #1 Rank stocks here.
We have highlighted some of the key details from the just-released announcement below:
Hess Corporation Price and EPS Surprise
Hess Corporation Price and EPS Surprise | Hess Corporation Quote
Earnings: Hess Corporation loss wider than expected. Loss per share from continuing operations (excluding special items) came in at $1.07, narrower than the Zacks Consensus Estimate of loss of $1.06 per share.
Revenue: Revenues of $1,275 million came below the Zacks Consensus Estimate of $1,347 million.
Key Stats: Quarterly hydrocarbon production was 311 thousand barrels of oil equivalent per day, down nearly 1% year over year.
Check back later for our full write up on this Hess Corporation earnings report later!
Zacks’ Best Private Investment Ideas
While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.
Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Click here for Zacks' private trades >>