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HES

Hess Corp (HES) Posts Narrower-than-Expected Q3 Loss

Hess CorporationHES is leading global independent energy company engaged in oil and gas Exploration & Production ("E&P"). The company's E&P activities are concentrated in five strategic areas the Bakken Shale in North Dakota and the Utica Shale in Ohio; the Deepwater Gulf of Mexico; Valhall Field in Norway and South Arne Field in Denmark; offshore West Africa - Equatorial Guinea and Ghana; and offshore Malaysia in the Gulf of Thailand.

Currently, Hess Corporation has a Zacks Rank #3 (Hold) but that could change following its third quarter 2016 earnings report which has just released. You can see the complete list of today's Zacks #1 Rank stocks here .

We have highlighted some of the key details from the just-released announcement below:

Earnings: Hess Corporation reported adjusted third-quarter 2016 loss from continuing operations of $1.12 per share, narrower than the Zacks Consensus Estimate of loss of $1.27.

Revenue: Revenues of $1,196 million came above the Zacks Consensus Estimate of $1,134.7 million.

Key Stats: Quarterly hydrocarbon production was 314 thousand barrels of oil equivalent per day, down 17.4% year over year.

HESS CORP Price and EPS Surprise

HESS CORP Price and EPS Surprise | HESS CORP Quote

Check back later for our full write up on this Hess Corporation earnings report later!

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HESS CORP (HES): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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