Hess (HES) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Investors looking for ways to find stocks that are set to beat quarterly earnings estimates should check out the Zacks Earnings ESP.
Hess CEO John Hess on Tuesday said he sees the oil market as closer to being balanced than oversupplied this year, despite worries about demand from China and greater production from U.S. and non-OPEC producers.
Whenever retail investors can get their hands on the latest set of investment flow data, they should pay attention to it. Not only to figure out who is buying what and what asset classes – or individual stocks – might come into favor in the following months but actually so that they can connect the dots with whatever trends and themes are developing in the broader markets and economy.
Exxon Mobil want to "participate" in Hess Corp.'s sale of its Guyana oil production assets, and extract value from the work it has put into developing the country's offshore fields, two of its top executives said on Wednesday.
Hess (HES) reported earnings 30 days ago. What's next for the stock?
Hess reported unfavorable United States results and has for some time. Hess Midstream services the largest part of the United States business. Clearly, the profitability situation needs to be fixed.
HES' Q3 earnings benefit from higher oil-equivalent production. The company also raised its full-year 2024 capital expenditure guidance.
Hess (HES) came out with quarterly earnings of $2.14 per share, beating the Zacks Consensus Estimate of $1.88 per share. This compares to earnings of $1.64 per share a year ago.
Hess Corp beat estimates for third-quarter profit on Wednesday, helped by higher oil production in Guyana.
Earnings season can be a volatile period for stock ownership due to the uncertainty surrounding whether the underlying companies' results will beat or disappoint. However, there are ways for investors to gauge the trends behind certain companies, landing them on the bullish or bearish side of earnings expectations.
HES' Q3 earnings are likely to have been affected by a drop in crude prices and an increase in input costs.