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Chevron Stock Pullback Wipes Out 90% Of Hess Value, But This Bullish Analyst Says 'Buy'
Monday, October 30, 2023 - 12:01pm | 298Read More...Chevron Corporation (NYSE: CVX) shares recovered slightly in early trading on Monday, after tanking on disappointing third-quarter earnings. The overreaction to weak earnings wiped off 90% of the pre-deal value of Hess, according to BofA Securities. The Chevron Analyst: Doug Leggate upgraded...
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No More Holiday Hess Truck? Mega Oil Merger Could Induce Gift-Giving Chaos
Monday, October 23, 2023 - 12:52pm | 414Read More...The famous Holiday Hess Truck could be in danger following Chevron Corporation’s (NYSE: CVX) acquisition of Hess Corp. (NYSE: HES), announced Monday. Chevron did not specify if Hess’s brand, and the truck, will live on post-merger, but Hess CEO John Hess told CNBC the...
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Barron's Latest Picks And Pans: Bank Stocks, BDCs, Blackstone, Fluor, Oracle And More
Sunday, February 21, 2021 - 8:13am | 1202Read More...This weekend's Barron's cover story explores one enterprise software company's transformation into a cloud giant. Other featured articles discuss who dominates the public cloud, who stands to benefit as Texas rebuilds and how to tell when tech companies are overvalued. Also, the...
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Barron's Picks And Pans: General Motors, Hess, Biotechs And More
Sunday, February 19, 2017 - 6:15pm | 594Read More...This weekend's Barron's examines the impact that ongoing streamlining may have on one of the Big 3 automakers. Other featured articles offer a peek at the prospects for an oil company and for an automotive seating supplier. The outlook for biotechs in 2017, and one buyout...
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Big Oil In The Earnings Spotlight
Tuesday, April 26, 2016 - 9:00am | 724Read More...Three petroleum giants are on deck to share their latest earnings results this week. Consensus forecasts indicate that analysts' expectations for all three are low. Net losses are predicted for many others in the oil patch as well. Among the many earnings reports due this week, highlights will...
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Select Oil, Gas Names Boosted By Goldman's Hess Call
Wednesday, February 10, 2016 - 10:26am | 249Read More...Shares of Hess Corp. (NYSE: HES) were trading higher by nearly 2 percent ahead of Wednesday's market open after analysts at Goldman Sachs upgraded their stock rating to Buy from Neutral. Hess was also added to Goldman Sach's Americas Conviction List given an estimated 52 percent total...
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Hess Announces 25 Million Share Offering To 'Strengthen' Its Balance Sheet
Friday, February 5, 2016 - 10:44am | 160Read More...Shares of Hess Corp. (NYSE: HES) plunged more than 10 percent at $38.82 during Friday's pre-market trading session after the company announced the pricing for a previously announced public offering. Hess plans on offering 25 million shares of its common stock at a price of $39.00 per share...
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Hess Trades Lower Following Preliminary Q4 Results
Wednesday, January 27, 2016 - 10:33am | 266Read More...Shares of Hess Corp. (NYSE: HES) were trading lower by more than 1.5 percent heading into Wednesday's opening bell after the company released its preliminary fourth quarter results. Hess expects a loss of $1.40 per share in the fourth quarter on revenue of $1.387 billion. Wall Street...
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American Eagle Outfitters, Sears And Others That Insiders Have Been Buying
Wednesday, September 23, 2015 - 8:42am | 837Read More...Insiders have been taking advantage of recent volatility to scoop up shares. CEOs at American Eagle Outfitters, Sears Holdings and Hess have been among the notable buyers. Strong insider buying is often taken as a positive sign for investors. Tuesday's sell-off was another...
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Gas Price Year In Review: Lowest Levels In 5 Years
Wednesday, December 31, 2014 - 4:07pm | 932Read More...The average price of gasoline in the United States on January 1, 2014, was $3.29 per gallon. December 31, 2014, it was $2.24 or more than $1 per gallon less than at the beginning of the year. When gasoline price website, GasBuddy.com, issued its 2014 Fuel Price Outlook, it said the year “...
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UPDATE: Raymond James: Oil Prices, Oil Stocks 'Within Weeks Of Bottoming'
Monday, November 24, 2014 - 4:14pm | 304Read More...Pavel Molchanov of Raymond James believes that oil prices and energy stocks are within weeks of bottoming, regardless of the outcome from OPEC's upcoming meeting on Thursday. “That certainly does not mean that we envision a huge near-term oil rally, but even a period of stabilization...
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Markets Reverse Early Morning Gains Following Canadian Shooting
Wednesday, October 22, 2014 - 4:43pm | 1767Read More...U.S. stocks reversed early morning gains following a fatal shooting of a Canadian soldier in the nation's capital and a subsequent gunfight inside Canada's Parliament. Declining oil prices was also cited as a factor for the poor performance in equities on Wednesday following the release...
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Dow Suffers 300 Point Drop; S&P 500 And NASDAQ Also Tumble
Thursday, July 31, 2014 - 4:49pm | 3111Read More...U.S. stocks posted steep losses as investors had plenty to worry about. Unable to reach a last-minute settlement, Argentina defaulted on its debt obligations. Naturally, as a global economy, the credit of one country affects other countries worldwide. The Labor Department reported that U.S....
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Stocks Mixed Despite Better Than Expected GDP
Wednesday, July 30, 2014 - 4:43pm | 2929Read More...U.S. stocks were mixed as the Fed continued to wind down its monthly asset purchase program by another $10 billion. The Fed noted that the economy rebounded in the second quarter despite significant under-utilization remaining in the labor market. As such, the Fed noted, it will maintain a...
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7-Eleven Day Kicks Off July Freebie Specials
Friday, July 11, 2014 - 1:57pm | 590Read More...It's the day you have been waiting for! The day you can get a free Slurpee, hair blow-out, tire rotation, $0.77 doughnut, and even a free meal from Chick-fil-A. Before you hop out of your seat, here is a list of some freebies offered through the month of July... and the asterisks that apply...
