All posts from Zacks
Zacks in Our Research. Your Success.,

Hess Corporation (HES) Q2 Loss Wider than Expected

Hess Corporation (HES) 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 >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Hess Corporation (HES): Free Stock Analysis Report
To read this article on click here.
Zacks Investment Research