Hess Corporation Earnings
The next earnings date for Hess Corporation has not yet been scheduled.
Analyst Estimates of Hess Corporation Earnings
What is an Earnings Date
An earnings date is typically considered to be the date that a company publicly announces its earnings. Many companies in the US stock market do earnings announcements once per quarter.
Earnings announcements are typically accompanied by commentary from the company that explains the earnings performance and speaks to future earnings prospects.
Earnings announcements can cause a company’s stock price to change abruptly, so earnings dates are closely monitored by some investors.
Hess Corporation Earnings: Historical
More About Hess Corporation
Hess Corporation, an exploration and production company, explores, develops, produces, purchases, transports, and sells crude oil, natural gas liquids, and natural gas in the United States, Guyana, the Malaysia/Thailand Joint Development Area, and Malaysia. It operates in two segments, Exploration and Production, and Midstream. The company also conduct exploration activities principally offshore Guyana, in the U.S. Gulf of America, and offshore Suriname. In addition, the company is involved in gathering, compressing, and processing natural gas; fractionating natural gas liquids; gathering, terminaling, loading, and transporting crude oil and natural gas liquids; and storing and terminaling propane, as well as providing water handling services primarily in the Bakken Shale plays in the Williston Basin area of North Dakota. Hess Corporation was incorporated in 1920 and is headquartered in New York, New York.
“Hess Corporation Earnings” Can Refer to the Hess Corporation Earnings Date
Some people say “Hess Corporation earnings” as a shortform way to refer to the earnings date.
For example, someone might say, “I plan to hold my Hess Corporation position through earnings.” That typically means the person is going to hold their position through the upcoming earnings date.
Owning Hess Corporation Stock on the Earnings Date
If you own Hess Corporation stock (HES) on the earnings date, then you will be exposed to the potential price volatility that often accompanies earnings announcements.
A company’s earnings typically have a big impact on its stock price, which explains why the stock price for Hess Corporation might exhibit major fluctuations on the day of the earnings announcement. The price fluctuations can go in either direction (up or down), representing a larger potential investment risk and reward than many other days of the year.
There is often a big audience of investors involved with trading Hess Corporation shares of stock on its earnings day. This means there is typically more trading volume, liquidity, and price volatility on the day earnings are announced.
These features are attractive to some types of active traders who are looking for stocks that exhibit large price movements and substantial volume.
Owning Hess Corporation Options on the Earnings Date
If you own Hess Corporation options on the earnings date, then you will be exposed to the potential price volatility that often accompanies earnings announcements.
In addition, the extrinsic values of Hess Corporation options that overlap earnings dates are often higher than other days of the year. In other words, the premiums you pay to own Hess Corporation options are typically higher during that period. In particular, they are frequently higher immediately before earnings and on the day they’re announced.
This makes sense considering that prices are often more volatile on earnings dates for Hess Corporation. That potential volatility is a key factor that affects the premium cost of owning options.
Once the earnings announcement is done and the anticipated price volatility has gone down, the extrinsic values of Hess Corporation options often go down. This is sometimes referred to as volatility crush.
Learning More Hess Corporation Earnings
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