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HES

Hess Corp.

$64.01

-0.49 (-0.76%)

13:40
07/20/18
07/20
13:40
07/20/18
13:40

Hess sees aggressive call buying ahead of earnings next week

Hess sees aggressive call buying ahead of earnings next week. The stock off 37c to $64.13 and small lots of Aug 10th 75 calls trade for 15c before 4.3K printed on PHLX for 16c. 5.3K changed hands verses zero OI and the bullish flow opens positions struck 17% above spot. The interest comes ahead of a profit report Wednesday morning.

  • 25

    Jul

HES Hess Corp.
$64.01

-0.49 (-0.76%)

07/18/18
MUFG
07/18/18
NO CHANGE
Target $78
MUFG
Overweight
Hess Corp price target raised to $78 from $61 at MUFG
MUFG analyst Michael McAllister raised his price target on Hess Corp. to $78 and kept his Overweight rating, saying the higher oil price has contributed to the 46% rise in its stock price over the past 12 months, but investors are also increasingly focused on the 2020 start of production in Guyana. McAllister adds that his recent price deck update "improves this oil-linked company's outlook, estimating a 20% increase in revenue per barrel of oil equivalent to ~$44.50 for 2018 versus 2017." The analyst also cites the production growth outlook driven by Williston Basin and Guyana barrels and only a slight valuation premium for Hess at 8.0-times enterprise value to expected two-year forward EBITDAX vs. 7.5-times peer group average.
07/12/18
MSCO
07/12/18
INITIATION
Target $84
MSCO
Overweight
Hess Corp. initiated with an Overweight at Morgan Stanley
Morgan Stanley analysts Devin McDermott and Drew Venker added coverage of 12 large-cap and diversified E&Ps, including Hess Corp., which they started with an $84 price target and Overweight rating.
07/11/18
07/11/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Steven Madden (SHOO) downgraded to Neutral from Outperform at Wedbush with analyst Christopher Svezia citing valuation. 2. Jazz Pharmaceuticals (JAZZ) downgraded to Equal Weight at Morgan Stanley with analyst David Risinger saying he believes potential M&A could add new growth drivers and diversify Jazz from Xyrem, which is expected to represent about 70% of its FY18 revenue, but Risinger also thinks investors already anticipate action on that front. 3. U.S. Cellular (USM) and Telephone and Data (TDS) were downgraded to Underweight from Neutral at JPMorgan. 4. Hess Corp. (HES) downgraded to Underweight from Equal Weight at Barclays with analyst Paul Cheng saying his analysis indicates Hess trades at the "steepest premium" in the group. 5. Westlake Chemical (WLK) downgraded to Neutral from Buy at Nomura Instinet with analyst Aleksey Yefremov saying he expects softer demand to weigh on cyclical stocks and reduced his estimates for seven names in the Americas Chemicals space. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/11/18
LEHM
07/11/18
DOWNGRADE
Target $66
LEHM
Underweight
Barclays downgrades Hess to Underweight on 'steepest' group premium
Barclays analyst Paul Cheng downgraded Hess Corp. (HES) to Underweight from Equal Weight while raising his price target for the shares to $66 from $55. The analyst says his analysis indicates Hess trades at the "steepest premium" in the group. His Guyana estimate would need to move 75%-100% higher for Hess to trade in-line with large-cap Exploration and Production companies. Cheng replaced Cenovus Energy (CVE) with ConocoPhillips (COP) as his top pick following the stock's strong share performance. He also double upgraded Petrobras (PBR) Overweight from Underweight, upgraded Husky Energy (HUSKF) to Overweight and Imperial Oil (IMO) to Equal Weight. The analyst thinks Hess and Exxon Mobil (XOM) offer the least value over the next 12 months.

TODAY'S FREE FLY STORIES

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VLKAY

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WMT

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$97.89

-0.74 (-0.75%)

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BBOX

Black Box

$1.64

0.09 (5.81%)

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KSS

Kohl's

$76.43

1.68 (2.25%)

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  • 21

    Aug

STT

State Street

$84.95

0.73 (0.87%)

12:47
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WMT

Walmart

$97.89

-0.74 (-0.75%)

, AMZN

Amazon.com

$1,881.94

-5.56 (-0.29%)

12:42
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Periodicals
May be time to sell Walmart, Barron's says »

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Walmart

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$1,881.94

-5.56 (-0.29%)

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  • 13

    Sep

VZ

Verizon

$54.79

0.51 (0.94%)

12:39
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CF

CF Industries

$47.52

0.25 (0.53%)

, MOS

Mosaic

$29.64

(0.00%)

12:36
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CF, Mosaic gains have just begun, Barron's says »

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$47.52

0.25 (0.53%)

MOS

Mosaic

$29.64

(0.00%)

NTR

Nutrien

$55.95

0.94 (1.71%)

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  • 11

    Sep

  • 06

    Nov

ABBV

AbbVie

$98.79

0.6 (0.61%)

, LYB

LyondellBasell

$113.07

1.155 (1.03%)

12:25
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StAbbVie, Starbucks among dividend standouts, Barron's says »

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$98.79

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LyondellBasell

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AVGO

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RF

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SBUX

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BV

BrightView

$17.49

-0.06 (-0.34%)

12:21
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HOG

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$42.26

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SUNEQ

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PEP

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  • 02

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LYV

Live Nation

$48.15

-0.53 (-1.09%)

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XLE

Energy Select Sector SPDR

$72.63

0.21 (0.29%)

, XLU

Utilities SPDR

$54.50

0.25 (0.46%)

17:40
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17:40
General news
Week ending ETF Scorecard: Consumer Staples outperforms, Energy skids »

S&P500 SECTORS:…

XLE

Energy Select Sector SPDR

$72.63

0.21 (0.29%)

XLU

Utilities SPDR

$54.50

0.25 (0.46%)

IYR

DJ US Real Estate Index Fund

$83.16

0.765 (0.93%)

XLP

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$55.02

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XLY

Consumer Discretionary Sector SPDR

$112.51

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XLB

S&P Select Materials SPDR

$58.41

0.41 (0.71%)

XLF

Financial Select Sector

$28.16

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XLV

Health Care Select Sector SPDR

$91.12

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XLK

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$73.17

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SPDR Gold Trust

$112.12

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iShares Silver Trust

$13.93

0.16 (1.16%)

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$13.70

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$24.18

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HYG

iShares iBoxx $ High Yield Corporate Bond

$86.03

0.08 (0.09%)

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$115.97

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iShares 1-3 Year Treasury Bond

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GLD

SPDR Gold Trust

$112.12

1.01 (0.91%)

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GDOT

Green Dot

$85.04

0.37 (0.44%)

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  • 25

    Sep

SMSI

Smith Micro

$2.49

-0.01 (-0.40%)

17:17
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Breaking Syndicate news story on Smith Micro »

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NDRA

ENDRA Life Sciences

$2.70

0.2 (8.00%)

17:14
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Breaking Syndicate news story on ENDRA Life Sciences »

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BA

Boeing

$346.44

0.55 (0.16%)

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BA

Boeing

$346.44

0.55 (0.16%)

17:09
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LLL

L3 Technologies

$210.37

0.56 (0.27%)

17:08
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HSGX

Histogenics

$2.65

-0.05 (-1.85%)

17:06
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PLD

Prologis

$67.45

1.79 (2.73%)

, DCT

DCT Industrial

$68.77

1.805 (2.70%)

16:58
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Conference/Events
DCT Industrial to host special shareholder meeting »

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PLD

Prologis

$67.45

1.79 (2.73%)

DCT

DCT Industrial

$68.77

1.805 (2.70%)

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