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HES

Hess Corp.

$52.73

0.26 (0.50%)

11:25
02/11/19
02/11
11:25
02/11/19
11:25

Hess Corp. call volume above normal and directionally bullish

Bullish option flow detected in Hess Corp. with 6,960 calls trading, 5x expected, and implied vol increasing over 1 point to 39.19%. Jan-20 75 calls and Mar-19 52.5 calls are the most active options, with total volume in those strikes near 5,700 contracts. The Put/Call Ratio is 0.12. Earnings are expected on April 24th.

  • 11

    Feb

  • 04

    Mar

HES Hess Corp.
$52.73

0.26 (0.50%)

01/10/19
LEHM
01/10/19
UPGRADE
Target $66
LEHM
Overweight
Hess Corp. upgraded to Overweight on valuation at Barclays
Barclays analyst Paul Cheng upgraded Hess Corp. to Overweight from Equal Weight with an unchanged price target of $66. The analyst sees a more attractive valuation relative to the company's large-cap Exploration & Production peers following the stock's recent selloff.
01/15/19
BOFA
01/15/19
NO CHANGE
BOFA
Hess Corp. added to US 1 List, Exxon Mobil removed at BofA/Merrill
01/29/19
SPHN
01/29/19
DOWNGRADE
SPHN
Equal Weight
Hess Corp. downgraded to Equal Weight from Overweight at Stephens
01/29/19
SPHN
01/29/19
DOWNGRADE
Target $69
SPHN
Equal Weight
Hess Corp. downgraded to Equal Weight on valuation at Stephens
As previously reported, Stephens analyst Gail Nicholson downgraded Hess Corp. (HES) to Equal Weight from Overweight on valuation after the stock has outperformed the SPDR Oil Exploration and Production Fund (XOP) by over 12% year-to-date. The stock's EV/EBITDA multiple is currently highest in her coverage and significantly above the group median, noted Nicholson, who lowered her price target on Hess shares to $69 from $77 to account for her revised commodity forecast.

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