Market Update: Hess Corporation (NYSE:HES) – Hess Reports Estimated Results for the Fourth Quarter of 2015

[Business Wire] – Hess Corporation today reported an adjusted net loss, which excludes items affecting comparability, of $396 million or $1.40 per common share, for the fourth quarter of 2015 compared with adjusted net income of $53 million or $0.18 per share in the fourth quarter of 2014. Read more on this. Hess Corporation (HES) , valued at $10.19B, started trading this morning at $34.97. Looking at today’s trading action, the company’s one day range from $34.02 to $36.75 with the price of the stock fluctuating between $32.41 to $79.00 over the last 52 weeks. HES shares are currently priced at -8.77x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry ’s 10.59x earnings multiple for the same period. And for those looking to make a return holding the stock, the company pays shareholders $1.00 per share annually in dividends, yielding 2.61%. According to a consensus of 21 analysts, the earnings estimate of $-1.47 per share would be $0.18 better than the year-ago quarter and a $0.00 sequential increase. In looking at the bigger picture, the full-year EPS estimate of $-3.97 would be a $7.95 setback when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $1.50 Billion. If realized, that would be a 40.71% decrease over the year-ago quarter. In terms of ratings, Citigroup downgraded HES from Buy to Neutral (Jan 5, 2016). Previously, Oppenheimer downgraded HES from Outperform to Perform. The average price target for HES shares is $57.62, which is 64.77% above where the stock opened this morning. See more in (NYSE:HES) Similar Articles: Market Update: Hess Corporation (NYSE:HES) – Hess Reports Estimated Results for the Third Quarter of 2015 Market Update: Hess Corporation (NYSE:HES) – Hess to Participate in Barclays CEO Energy-Power Conference Market Update (NYSE:HES): Hess Reports Estimated Results for the Second Quarter of 2015