We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Image: Bigstock
Hess Corporation (HES) Q2 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 #4 (Sell) but that could change following its second 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 loss wider than expected. Loss per share from continuing operations (excluding special items) came in at $1.46, wider than the Zacks Consensus Estimate of loss of $1.32 per share.
Revenue: Revenues of $1,228 million came above the Zacks Consensus Estimate of $1,192 million.
Key Stats: Quarterly hydrocarbon production was 300 thousand barrels of oil equivalent per day, down 4.2% year over year.
Check back later for our full write up on this Hess Corporation earnings report later!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaries," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>