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Hess Corporation (HES) Q3 Loss Narrower 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 third quarter 2017 earnings report which has just released. We have highlighted some of the key details from the just-released announcement below:
Earnings: Hess Corporation’s loss per share from continuing operations (excluding special items) came in at $1.07, narrower than the Zacks Consensus Estimate of loss of $1.29 per share.
Revenue: Revenues of $1,666 million came above the Zacks Consensus Estimate of $1,279 million.
Key Stats: Quarterly hydrocarbon production was 311 thousand barrels of oil equivalent per day, down 1% year over year.
Worldwide crude oil realization per barrel of $46.97 (including the impact of hedging) up 13.2% year over year. However, the average crude oil realization per barrel came below the Zacks Consensus Estimate of $48.86.
Check back later for our full write up on this Hess Corporation earnings report later!
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Hess Corporation (HES) Q3 Loss Narrower 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 third quarter 2017 earnings report which has just released. 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’s loss per share from continuing operations (excluding special items) came in at $1.07, narrower than the Zacks Consensus Estimate of loss of $1.29 per share.
Revenue: Revenues of $1,666 million came above the Zacks Consensus Estimate of $1,279 million.
Key Stats: Quarterly hydrocarbon production was 311 thousand barrels of oil equivalent per day, down 1% year over year.
Worldwide crude oil realization per barrel of $46.97 (including the impact of hedging) up 13.2% year over year. However, the average crude oil realization per barrel came below the Zacks Consensus Estimate of $48.86.
Check back later for our full write up on this Hess Corporation earnings report later!
"Zacks' Hidden Trades
While we share many recommendations and ideas with the public, certain moves are hidden from everyone but selected members of our portfolio services. Would you like to peek behind the curtain today and view them?
Starting now, for the next month, I invite you to follow all Zacks' private buys and sells in real time from value to momentum...from stocks under $10 to ETF to option movers...from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). You can even look inside portfolios so exclusive that they are normally closed to new investors.
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