NEW YORK (TheStreet) -- Shares of Hess Corp. are down by 5.54% to $67.64 in early afternoon trading on Wednesday, after the company reported a year-over-year decline in net income and revenue for the 2014 fourth quarter which came in below analysts' expectations. For the most recent quarter the global exploration and production company posted adjusted net income of 18 cents per share versus the 96 cents it reported for the 2013 fourth quarter. Analysts polled by Thomson Reuters had forecast for earnings of 20 cents for the quarter. Exclusive Report: Jim Cramer's Best Stocks for 2015 STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. Hess reported a net loss of $8 million, or a loss of 3 cents per share for the 2014 fourth quarter, compared to a net income of $1.93 billion or $5.76 per share for the year ago period. Revenue for the quarter dropped to $2.53 billion from $3.11 billion from the same quarter in 2013, but beat analysts' expectations of $2.14 billion for the 2014 fourth quarter. The decline in oil prices today may also be contributing to the drop in Hess' stock. Oil prices are falling due to a rise in U.S. oil supplies and after two more major banks cut their 2015 price estimates. Separately, TheStreet Ratings team rates HESS CORP as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation: "We rate HESS CORP (HES) a HOLD. The primary factors that have impacted our rating are mixed some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and a generally disappointing performance in the stock itself." You can view the full analysis from the report here: HES Ratings Report HES data by YCharts STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
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