Hess is currently undergoing a multi-year transformation into a pure play E&P company. As part of this transformation, we recently announced additional value enhancing initiatives that will further streamline the company and leave Hess with a portfolio of higher growth, lower risk, oil linked E&P assets.
Any way you slice this ongoing dispute, HES as a company and as a stock hasn't been overwhelming anyone for a long time. In 2012 its TTM profit margin was a paltry 5.37% and its return on assets an underwhelming 5.6%. On April 22 it will report its first-quarter 2013 earnings results. The analyst community's consensus estimate on EPS versus the year-ago quarter is for a gain of around 4%. Yet, the same consensus estimate on sales profits and revenue is forecasting an average of nearly a 4% decline. As of March 28, Hess owns 10.59% of the shares outstanding, or 36,483,759 shares. HES closed Wednesday at $72.03 and shares are nearing the 52-week high of $72.63.