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Hess Corporation (HES) Q4 Earnings 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 fourth quarter 2016 earnings report which has just released. We have highlighted some of the key details from the just-released announcement below:
Earnings: Hess Corporation loss narrower than expected. Loss per share from continuing operations (excluding special items) came in at $1.01, narrower than the Zacks Consensus Estimate of loss of $1.09 per share.
Revenue: Revenues of $1,386 million came above the Zacks Consensus Estimate of $1,281 million.
Key Stats: Quarterly hydrocarbon production was 311 thousand barrels of oil equivalent per day, down 15.5% 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) Q4 Earnings 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 fourth quarter 2016 earnings report which has just released. We have highlighted some of the key details from the just-released announcement below:
Earnings: Hess Corporation loss narrower than expected. Loss per share from continuing operations (excluding special items) came in at $1.01, narrower than the Zacks Consensus Estimate of loss of $1.09 per share.
Hess Corporation Price and EPS Surprise
Hess Corporation Price and EPS Surprise | Hess Corporation Quote
Hess Corporation Price and EPS Surprise
Revenue: Revenues of $1,386 million came above the Zacks Consensus Estimate of $1,281 million.
Key Stats: Quarterly hydrocarbon production was 311 thousand barrels of oil equivalent per day, down 15.5% year over year.
Check back later for our full write up on this Hess Corporation earnings report later!
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?
Who wouldn't? As of early December, the 2016 Top 10 produced 5 double-digit winners including oil and natural gas giant Pioneer Natural Resources which racked up a stellar +50% gain. The new list is painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. Be among the very first to see it>>