Hess Corporation
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Is WTI Crude Oil a Good Buy for Investors?
Amid the COVID-19 outbreak, US oil exports haven’t declined. Since March, US crude oil weekly exports averaged 3.5 million barrels per day.
Could US and Iran Tension Impact Oil Prices?
Oil prices are sensitive to geopolitical tension. There’s renewed tension between the US and Iran due to the attack on the US Embassy in Baghdad.
Upstream Stocks: The Top Movers of 2019
In 2019 so far, upstream energy companies Hess Corporation (HES) and Noble Energy (NBL) have risen 61.8% and 15.1%, respectively.
Hess Corp: Performance, Holdings, and Analysts’ Views
On Friday, Hess Corp (HES) fell 3.8%, while crude oil prices fell 1.4%. Trade deal-related concerns could be behind oil prices’ decline.
Why Morgan Stanley Has Slashed Oil’s Price Forecast
On July 2, Morgan Stanley (MS) reduced its long-term price forecast for Brent crude oil by $5 to $60 per barrel.
All Eyes on OPEC: Production Cut Might Deepen
On June 27, US crude oil August futures rose 0.1% and closed at $59.43 per barrel. Oil continued to extend its gains.
Which Oil-Weighted Stocks Were the Ouperformers?
Whiting Petroleum might report positive earnings this quarter compared to an adjusted net loss of $0.16 per share last quarter. On June 24, Suntrust Robinson reduced its target price on Whiting Petroleum by $5 to $35.
EIA Inventory Data Might Not Be Bullish for Oil
On June 26, the EIA is scheduled to announce last week’s US crude oil inventory data. A fall of equal to or more than ~7 million barrels could help the inventories spread contract. A Reuters poll suggests a fall of 2.9 MMbbls.
Hess: Key Technical Analysis and Target Price
On June 25–July 1, Hess is expected to close between $58.82 and $64.36 68% of the time. The forecast is based on Hess’s implied volatility of 38.5%.
EIA Inventory Data Seems to Bring More Trouble for Oil
In the week ending on May 31, US crude oil inventories were 6% higher than their five-year average.
Hess: What Can Traders Expect in the Next Week?
On May 29, Hess (HES) had an implied volatility of 37.1%, which was ~10.9% higher than its 15-day average.
Hess: Analysts’ Recommendations and Mean Target Price
Among the 22 analysts tracking Hess (HES), 50% recommended a “hold,” 41% recommended a “buy,” and 9% recommended a “sell.”
Will Any Fall in EIA Data Substantiate Oil’s Upside?
In the week ending May 10, US crude oil inventories were 2% above their five-year average.
Why the US Imposed Sanctions on Iran and Why They Matter
The United States first imposed restrictions on its activities with Iran in 1979, after the seizure of the US embassy in Tehran.
Where Could Hess Stock Be Headed in the Next Seven Days?
On March 27, Hess Corporation’s (HES) implied volatility was 34.7%, ~4% higher than its 15-day average.
Chesapeake Energy: ‘Buy’ or ‘Sell’ after Its Q4 Earnings?
On February 27, Chesapeake Energy might report an adjusted net income of $0.18 per diluted share based on analysts’ consensus estimates.
Anadarko’s Earnings Were 38% Lower than Analysts’ Estimate
On February 5, Anadarko Petroleum (APC) reported an adjusted net income of $0.38 per diluted share.
Anadarko Petroleum: What Could Impact Its Q4 Earnings?
On February 5, Anadarko Petroleum is scheduled to report its fourth-quarter earnings results after the market close.
Which Oil ETFs Outperformed Oil Last Week?
Between February 11, 2016, and February 1, 2019, US crude oil active futures rose 110.8% from their 12-year low.
HES Stayed Above Its 50-Day Average ahead of Its Earnings Release
On January 28, Hess Corporation (HES) stock closed 2.5% above its 50-day moving average.
Oil Might Push Hess’s EPS into Negative Territory
Hess Corporation (HES) is scheduled to report its fourth-quarter earnings results on January 30.
Oil’s Bullishness Rises after Inventory Data Release
Yesterday, US crude oil March 2019 futures closed ~$2.07 below March 2020 futures.
A Small Fall in Inventories Could Be a Big Push for Oil Prices
In the week ended January 11, US crude oil inventories were 8% higher than their five-year average—the same as the previous week.
Have Oil-Weighted Stocks Outdone Oil Prices?
On January 9–16, our list of oil-weighted stocks fell 1%—compared to the 0.1% fall in US crude oil February futures.
Did Oil ETFs Underperform WTI Prices Last Week?
Between February 11, 2016, and January 11, 2019, US crude oil active futures rose 96.8% from their 12-year low.
Oil Wasn’t the Only Catalyst for Oil-Weighted Stocks
The high correlation indicates a stronger positive relationship between oil-weighted stocks and US crude oil prices.
A Look at ConocoPhillips’ Operational Metrics
COP’s total natural gas production has fallen 6.4% from Q3 2017.
Anadarko Petroleum Ranks Seventh in Terms of Cash Flow Growth
In this article, we’ll look into the cash flow growth expectations of Anadarko Petroleum (APC).
The Big Push for Oil this Year
Between September 14 and 21, US crude oil November futures rose 2.9% and closed at $70.78 per barrel. Let’s take a closer look.
Comparing the Fall in Oil ETFs and Oil Last Week
On August 3–10, USO fell 1.3%, USL fell 0.5%, and UCO fell 2.8%. These ETFs track US crude oil futures.
What Analysts Recommend for Hess Stock
Approximately 52% of analysts covering Hess (HES) recommend “hold,” ~43% recommend “buy,” and 5% rate it as “underperform.”
Smaller Rise in US Natural Gas Inventories Helped the Prices
The EIA reported that US natural gas inventories increased by 24 Bcf (billion cubic feet) to 2,273 Bcf on July 13–20.
Continental Resources’ Stock Range before Its Earnings
The current implied volatility for Continental Resources (CLR) stock is ~39.46%, which is 0.81% higher than its 15-day average of ~39.14%.
A Look at the Short Interest Trends in Oasis Petroleum Stock
On July 20, short interest as a percentage of float in Oasis Petroleum (OAS) stock (its short interest ratio) was ~13.01%.
Using Implied Volatility to Forecast Oasis’s Stock Price Range
Oasis Petroleum (OAS) stock’s current implied volatility is ~ 50.22%, which is ~2.08% higher than its 15-day average of 49.19%.
Whiting Petroleum’s Short Interest Trends
Whiting Petroleum’s (WLL) short interest ratio (short interest as a percentage of float) is currently higher than it was a year ago, standing at ~13.34% in comparison to ~4.95%.
Forecasting Apache’s Stock Price Range
The current implied volatility in Apache’s stock (APA) is ~37.79%. In comparison, the Energy Select Sector SPDR ETF (XLE) has an implied volatility of 17.8%.
WTI Oil’s Struggle: Which Oil-Weighted Stocks Should You Watch?
On July 18, US crude oil September futures rose 0.9% and closed at $67.75 per barrel.
What’s the Forecast for Oasis Stock ahead of Q2 Earnings?
Oasis Petroleum (OAS) stock has a current implied volatility of ~50.2%, which is ~1.95% higher than its 15-day average of 49.26%.
How Has Hess Corporation Stock Performed This Year?
Hess Corporation (HES) stock has mostly been on an uptrend since the beginning of this year.
What’s Apache’s Stock Price Forecast?
The current implied volatility in Apache’s stock (APA) is ~33.4%.
How Could Trade Tariffs Affect the US Upstream Sector?
Earlier this month, the White House made good on its threats and announced tariffs on Chinese goods worth $50 billion, including steel and aluminum.
Analyzing Wall Street’s Targets for OKE, HES, APC, VLO, and COP
Of the 19 analysts covering ONEOK (OKE) on June 19, five recommended “strong buy,” four recommended “buy,” and ten recommended “hold.”
Are Hedge Funds Buying OKE, HES, APC, VLO, and COP?
In this part, we’ll look at how hedge funds are positioning themselves in the Energy Select Sector SPDR ETF’s (XLE) strongest energy stocks.
What’s Behind Hess’s Strong Performance This Year?
This year, Hess (HES) has been the Energy Select Sector SPDR ETF’s (XLE) second-strongest energy stock.
This is XLE’s Strongest Energy Stock
Year-to-date, ONEOK (OKE) has been the Energy Select Sector SPDR ETF’s (XLE) strongest energy stock, rising ~29%.
WLL’s Plans in the Williston Basin for the Rest of 2018
In the first quarter, Whiting Petroleum’s (WLL) total production volume was ~127.1 Mboepd.
Forecasting Oasis’s Stock Price Using Its Implied Volatility
Oasis Petroleum (OAS) stock’s implied volatility is ~45%, ~3% lower than its 15-day average of ~46.3%.
Why US Crude Oil Prices Are Steady
On June 14, Russia and Saudi Arabia announced a bilateral framework to increase cooperation and manage the oil market.
What Are the Short Interest Trends in Whiting Petroleum Stock?
On June 11, Whiting Petroleum’s (WLL) short interest ratio (short interest as a percentage of float) was ~16%.
Implied Volatility in Whiting Petroleum: Forecasting Stock Range
Current implied volatility in Whiting Petroleum (WLL) is ~49.9%, 0.20% higher than its 15-day average of 49.8%.
Are Oil-Weighted Stocks Outperforming WTI Crude Oil Prices?
On May 30–June 6, our list of oil-weighted stocks fell 3.8%. US crude oil July futures fell 5.1% during this period.
Rising Crude Oil Prices Could Impact US Natural Gas Supplies
High crude oil prices and the improving natural gas pipeline capacity in the US have been driving the rise in natural gas supplies.
Are You Looking at the Right Oil-Weighted Stocks?
On May 16, US crude oil June futures rose 0.3% and closed at $71.49 per barrel, a more-than-three-year high.
Will Crude Oil Futures Extend the Bullish Momentum?
Record US crude oil production, profit-booking, and a larger-than-expected increase in Cushing inventories could pressure oil prices this week.
Oil or Equity: Which Could Influence Oil-Weighted Stocks More?
On May 2, US crude oil June futures rose 1% and closed at $67.93 per barrel, which limited US crude oil June futures’ trailing week decline to 0.2%.
How Hess Stock Has Performed Recently
Hess (HES) stock rose 2.9% after the company posted better-than-expected 1Q18 earnings and revenue.
Cushing Inventories Could Pressure Crude Oil Futures
WTI crude oil futures fell 0.1% to $68.1 per barrel on April 27. IXC and XLE fell ~0.6% and ~1.1%, respectively, on the same day.
Energy & Utilities Which Oil-Weighted Stocks Could Fall If Oil Falls?
On April 25, US crude oil June futures rose 0.5% and closed at $68.05 per barrel, despite a bearish inventory report.
Crude Oil Prices Rose despite the Build in US Oil Inventories
The EIA reported that US crude oil inventories increased by 2.1 MMbbls (million barrels) to 429.7 MMbbls on April 13–20.
Oil’s Bullish Momentum Might Continue
On April 23, US crude oil June futures rose 0.4% and settled at $68.64 per barrel—the highest closing level in more than three years.
Anadarko Petroleum: What to Expect in 1Q18
Anadarko Petroleum (APC) is scheduled to release its 1Q18 earnings on May 1 after the markets close. The revenue estimate stands at ~$2.95 billion.
What Wall Street Expects for Hess Stock in the Next 12 Months
Approximately 52.4% of analysts rate Hess (HES) a “hold,” and ~43% rate it a “buy.” The average broker target price of $55.29 for Hess implies returns of around ~3.7% in the next 12 months.
Oil’s Fall: A Concern for Investors in Energy Stocks?
On April 16, 2018, US crude oil May futures fell 1.7% from the highest closing level for US crude oil active futures in more than three years.
Are Oil-Weighted Stocks Rising Faster than Oil?
Between February 11, 2016, and April 11, 2018, US crude oil active futures rose 154.9% from their 12-year low.
Oil-Weighted Stocks Could Be Impacted by Oil’s Fall
On April 4, 2018, US crude oil May futures fell 0.2% and closed at $63.37 per barrel. On March 28–April 4, 2018, US crude oil May futures fell 1.6%.
Should Energy Investors Be Cautious with Oil-Weighted Stocks?
On March 7, US crude oil April futures fell 2.3% and closed at $61.15 per barrel. Here’s what you need to know.
How Analysts View Hess Corporation Stock
Approximately 42.8% of analysts covering Hess (HES) stock rate it a “buy,” and ~52.4% of analysts rate it a “hold.”
How Have Hess’s 4Q17 Earnings and Revenues Performed?
Hess (HES) reported its 4Q17 earnings on February 5, 2018. Its 4Q17 revenues totaled ~$1.3 billion, slightly lower than its 4Q16 revenues of ~$1.4 billion.
Wall Street Targets for Worst-Performing XLE Stocks in 2017
As of January 23, 2018, 32 analysts have recommendations for Range Resources (RRC). Seven have “strong buy” recommendations, and 15 have “buy” recommendations for the stock.
Is US Crude Oil Production near an All-Time High?
US crude oil production rose by 128,000 bpd (barrels per day) or 1.3% to 9,878,000 bpd on January 12–19, 2018, according to the EIA.
Where Do Analysts See Hess Stock in 12 Months?
Approximately 52% of analysts rate Hess (HES) a “hold,” and 43% rate it a “buy.”
Here’s What’s Been Driving Hess Stock
Hess stock has rallied recently, and hedge fund Elliott Management wants the upstream company to sell some of its assets and focus on buybacks instead of dividends.
Hess to Release Its 4Q17 Earnings on February 5
Hess’s 4Q17 revenue estimate is $1.3 billion, while its fiscal 2017 revenue estimate is ~$5.3 billion. Hess reported revenues of $1.19 billion in 4Q16.
Forecasting Hess’s Stock Price Based on Its Implied Volatility
Hess’s implied volatility Hess’s (HES) current implied volatility is ~32.3%, which is ~3.1% higher than its 15-day average of ~31.3%. In comparison, peers Apache (APA), Concho Resources (CXO), and Continental Resources (CLR) have implied volatility of ~30.1%, 20.4%, and ~28.4, respectively. Stock price forecast Based on Hess’s implied volatility of ~32.3% and assuming a normal distribution of […]
Hess Midstream Partners, a Bakken-Focused MLP
Hess Midstream Partners Hess (HES) had initially planned to spin off its midstream assets in 2014. However, those plans were abandoned after oil prices crashed. Hess then launched an initial public offering in early 2017 for Hess Midstream Partners (HESM), which was successfully completed in April. The company received net proceeds of $175 million. In the […]
A Look at Hess’s Guyana Interests
Hess’s Guyana interests Hess (HES), ExxonMobil (XOM), and CNOOC (CEO) jointly own interests in the Stabroek Block, located approximately 120 miles offshore Guyana. Hess, ExxonMobil, and CNOOC have 30%, 45%, and 25% stakes in the venture, respectively, and XOM is the operator. Hess and its partners sanctioned the first phase of a planned multiphase development of the Liza Field […]
Hess’s Success in the Bakken and Key Efficiencies
The Bakken The Bakken Shale is Hess’s (HES) major growth engine. The company holds more than 0.5 million net acres in the core of the play. In the company’s 3Q17 earnings conference call, management noted that it has the capacity to grow production to approximately 175,000 boepd (barrels of oil equivalent per day) from 103,000 boepd. Hess currently […]
Why Elliott Is Targeting Hess
What Elliot wants Hess (HES) is currently focused on achieving lower costs and higher-return assets while developing its offshore Guyana oil discoveries. The company is also focused on keeping up its dividend payments, and, more recently, share buybacks. However, activist hedge fund Elliott Management doesn’t seem to be satisfied with Hess’s strategy. According to The Wall Street […]
What’s Driving Hess Stock Upwards
On December 15, 2017, activist hedge fund Elliot Management renewed its mission to make changes at Hess (HES).
TechnipFMC and Hess Fell on December 14
TechnipFMC fell on December 14. After falling last week, TechnipFMC started this week on a stronger note but lost strength as the week progressed.
Could Permian Basin Drive Growth in US Crude Oil Production?
In its November Short-Term Energy Outlook (or STEO) report, the EIA forecast that US crude oil production in 2017 would average 9.2 million barrels per day.
Which Oil-Weighted Stocks Can Survive Oil’s Weakness?
Between November 6 and November 13, 2017, oil-weighted (more than 60% oil production) stocks from the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) fell just 0.1%.
Are Oil-Weighted Stocks Rising More Than Oil?
From October 23–30, 2017, the oil-weighted stocks we’re covering in this series rose 6%, which was 1.7 percentage points more than the gains of US crude oil (USO) (DBO) December futures.
This Sector Dominated M&A Activity in Energy Sector in 2017
According to PWC’s 1Q17 report, the upstream sector generated 32 deals, or 60%, of the total deals in 1Q17.
Key Observations on Whiting Petroleum’s Performance in the Bakken
The Bakken region has one of the highest break-even oil prices near $55 per barrel.
What Are Whiting Petroleum’s Updated Capex Plans for 2017?
In its 2Q17 earnings conference, Whiting Petroleum (WLL) lowered its capex forecast for 2017 from $1.1 billion to $950 million.
Analyzing Wall Street Targets for JONE, HES, SN, DNR, and AREX
In this part of our series, we’ll analyze Wall Street recommendations for the five most leveraged oil and gas producers we’ve been discussing in this series.
Why These Upstream Companies Might Struggle to Pay their Debt
The steep fall in crude oil (USO) as well as natural gas (UNG) and NGLs (natural gas liquids) prices from June 2014 to February 2016 saw these commodities fall ~76% and ~75%, respectively.
Leon Cooperman’s ‘Solution’ for Low Oil Prices
At the 2017 Delivering Alpha Conference on September 12, Cooperman stated that “the solution for low oil prices is low oil prices.”
Oasis Petroleum’s Implied Volatility and Stock Price Range
Oasis Petroleum’s (OAS) current implied volatility is ~58.4%, which is ~4.3% lower than its 15-day average of ~61%.
Chesapeake Energy’s Production Expenses: Lowest among Peers
Chesapeake Energy’s (CHK) production expense in 2016 was $3.05 per boe (barrel of oil equivalent).
How These Oil-Weighted Stocks Correlate with Oil
On August 14, 2017, US crude oil (USO) (DBO) September futures fell 2.5% and closed at $47.59 per barrel.
US Oil Retreating from $50 Mark: Energy Stocks Could Take the Heat
On August 7, 2017, US crude oil (USO) (DBO) (USL) September futures closed at $49.39 per barrel, which was 0.40% below the previous closing price.
US Crude Oil Is above $50: Analyzing Oil Stocks
On July 31, 2017, US crude oil (USO) (DBO) (USL) September futures closed at $50.17 per barrel—0.9% above the last closing price.
How Chesapeake Energy Stock Fared Last Week
Unable to sustain the improvement it saw in its stock price the week before, Chesapeake (CHK) stock slid last week, taking another beating by energy prices.
Whiting Stock: What We Can Gauge from Short Interest Trends
The short interest ratio, or short interest as a percentage of float, in Whiting Petroleum’s (WLL) stock on July 12 was ~11.7%.
A Look at Anadarko’s 2Q17 Earnings Estimates
Anadarko Petroleum (APC) plans to release its 2Q17 earnings on July 24, 2017. APC’s 2Q17 revenue estimate stands at ~$2.5 billion compared to its 2Q16 revenues of ~$1.9 billion.
Significance of the US Dollar in Driving Oil and Energy Prices
ETF Securities Changing Dollar Dynamic The rule of thumb known to many investors is that the US dollar has an inverse relationship with oil and energy prices. This negative relationship was most prominent from 2003 to 2014 (see “Oil’s inverse relationship to the dollar was most prominent from 2003 through 2014” chart below). During this […]
Are Oil-Weighted Stocks Outperforming Crude Oil?
Between June 5 and June 12, 2017, US crude oil active futures fell 2.8%. However, a basket of equally weighted oil stocks rose 1.0%.
