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Stock Update: Hess Corporation (NYSE:HES) – OFFICIAL-Hess storage facility in North Dakota leaks 32,000 gallons

[Reuters] – A storage facility in North Dakota owned by Hess Corp leaked about 32,000 gallons of saltwater on Tuesday, though the liquid has been recovered on site, state regulators said. A transfer pump at a tank battery in Mountrail County, in the state’s northwest corner, failed, causing storage tanks to overflow, according to the North Dakota Department of Mineral Resources (DMR). A state inspector has been sent to the scene to monitor remediation, DMR said. Read more on this. Hess Corporation (HES) , with a current market cap of $17.93B, started the session at $57.65. During today’s session, HES traded between $56.25 to $58.26 and has traded between $32.41 and $70.46 over the past 12 months. Hess (HES) shares are currently priced at -10.89x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s -10.62x earnings multiple for the same period. The company pays shareholders $1.00 per share in dividend income per year, for a current yield of 1.73%. In a review of the consensus earnings estimate this quarter, 19 sell-side analysts are looking at $-1.32 per share, which would be $0.00 better than the year-ago quarter and a $0.00 sequential decrease. The full-year EPS estimate is $-5.31, which would be a $1.38 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $1.07 Billion. If reported, that would be a 44.85% decrease over the year-ago quarter. Recently, UBS downgraded HES from Buy to Neutral (Apr 28, 2016). Previously, Credit Suisse downgraded HES from Outperform to Neutral. Given all the information above, we should disclose to readers that the average price target is $64.39, which is 11.69% above than it opened this morning. See more in (NYSE:HES) Similar Articles: Company Update: Hess Corporation (NYSE:HES) – Hess Recognized in 2016 Newsweek Green Rankings U.S. 500 Market Update: Hess Corporation (NYSE:HES) – Hess Announces Regular Quarterly Dividend On Common Stock Market Update (NYSE:HES): Hess Announces Regular Quarterly Dividend On Common Stock
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