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Stock Market & Financial Investment News

News Breaks
January 29, 2013
09:52 EDTHESHess rallies after Elliott says value could be $126 per share
Shares of Hess Corp. (HES) are moving higher after Elliott Management Corporation sent a letter to the company's shareholders urging them to elect its slate of five independent directors to the board. In the letter, Elliott said that if managed appropriately, the equity value of Hess could be up to $126 per share. Elliott estimates that a spin-off of Hess Resource Co. could create over $28 per share of additional value for shareholders, while divesting the company's downstream assets and tax efficiently monetizing its midstream assets could create $11 per share of additional value. Shares of Hess Corp. are up 10%, or $6.15, to $68.62 in early trading.
News For HES From The Last 14 Days
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January 28, 2015
09:15 EDTHESOn The Fly: Pre-market Movers
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07:37 EDTHESHess Corp. sees 2015 average production 350K-360K boepd
Hess Corporation expects production, excluding Libya, to average between 350,000 boepd to 360,000 boepd in 2015, an increase of 10%-13% from pro forma production of 318,000 boepd in 2014. The increased production in 2015 will be driven by a full year of production from the Tubular Bells Field in the Gulf of Mexico following first production in late 2014.
07:36 EDTHESHess Corp. says taking 'prudent steps' in 2015 to reduce spending
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07:35 EDTHESHess Corp. reports year-end total proved reserves 1.431B boe
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07:34 EDTHESHess Corp. reports Q4 adjuted EPS 18c, consensus 20c
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January 27, 2015
15:35 EDTHESNotable companies reporting before tomorrow's open
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January 26, 2015
17:20 EDTHESHess Corp. sees FY15 CapEx $4.7B, down 16% from $5.6B spend in FY14
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January 23, 2015
10:02 EDTHESOn the Fly: Analyst Downgrade Summary
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07:00 EDTHESHess Corp. downgraded to Neutral from Outperform at Credit Suisse
Credit Suisse downgraded Hess Corp to Neutral given the slowdown in onshore activity and reduced valuations in the Gulf of Mexico and Bakken. Price target cut to $72 from $85.
January 20, 2015
17:04 EDTHESOceaneering announces Hess Stampede Project umbilicals and hardware contract
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