Noteworthy Stocks to Watch for: Hess Corp. (NYSE:HES), NOW Inc (NYSE:DNOW), Tyson Foods, Inc. (NYSE:TSN)

Hess Corp. (NYSE:HES) climbed 4.03% during last trading as the stock added $2.33 to finish the day at $60.10 with about 11.90M shares changing hands, compared to its three month average trading volume of 3.18M. The $ 19.94B market cap company, which fluctuated between $58.81 and $60.38 during the day, currently situated 87.18% above its 52 week low of $32.11 and -9.52% away from its one year high of $66.42. The RSI of 56.02 indicates the stock is overbought at the current levels, sell for now.

Hess Corporation is an exploration and production (E&P) company. The Company is engaged in exploration, development, production, transportation, purchase and sale of crude oil, natural gas liquids, and natural gas.

NOW Inc (NYSE:DNOW) gained $0.70 to close the day at a new closing price of $18.14, a 4.01% increase in value from its previous closing price that moved the stock 50.79% above its 52 week low of $12.03. A total of 1.94M shares exchanged hands during the day compared with its three month average trading volume of 1.35M. The stock, which fluctuated between $17.25 and $18.14 during the day, currently situated -10.64% below its 52 week high. The stock is down by 3.95% in the past one month and down by 2.49% over the past three months. With a one year target estimate of $16.13 and RSI of 51.51, the stock still has upside potential, making it a hold for now.

NOW Inc. (NOW) is a global distributor to energy and industrial markets. The Company operates primarily under the DistributionNOW and Wilson Export brands. The Company operates through three segments: United States (U.S.), Canada and International. Through its network of over 300 locations across the world, it stocks and sells an offering of energy products, as well as a selection of products for industrial applications.

Tyson Foods, Inc. (NYSE:TSN) had a light trading with around 4.88M shares changing hands compared to its three month average trading volume of 4.01M. The stock traded between $64.24 and $66.81 before closing at the price of $66.79 with 3.99% change on the day. The company is currently trading 77.25% above its 52 week low of $38.66 and -4.96% above its 52 week high of $70.28. Both the RSI indicator and target price of 66.01 and $75.27 respectively, lead us to believe that it could drop over the coming weeks.

Tyson Foods, Inc. is a food company. The Company is engaged in offering chicken, beef and pork, as well as prepared foods, including bacon, breakfast sausage, turkey, lunchmeat, hot dogs, pizza crusts and toppings, tortillas and desserts.

Earnings Estimates Under Review: Tyson Foods (NYSE:TSN)

The shares of Tyson Foods, Inc. (NYSE:TSN)currently has mean rating of 2.0 while 2 analyst have recommended the shares as ‘BUY’ ,5 recommended as ‘OUTPERFORM’ and 5 recommended as ‘HOLD’.The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell

The mean price target for the shares of Tyson Foods, Inc. (NYSE:TSN)is at $75.27 while the highest price target suggested by the analysts is $100.00 and low price target is $65.00. The mean price target is calculated keeping in view the consensus of 11 brokerage firms.

The company’s mean estimate for sales for the current quarter ending Jun 16 is 9.34B by 9 analysts. The means estimate of sales for the year ending Sep 16 is 37.09B by 11 analysts.

The average estimate of EPS for the current fiscal quarter for Tyson Foods, Inc. (NYSE:TSN)stands at $1.04 while the EPS for the current year is fixed at $4.32 by 10.00 analysts

The next one year’s EPS estimate is set at 4.60 by 13.00 analysts while a year ago the analysts suggested the company’s EPS at $4.32. The analysts also projected the company’s long-term growth at 18.20% for the upcoming five years

In its latest quarter ended on 31 Mar 2016 , Tyson Foods, Inc. (NYSE:TSN)reported earnings of $1.07. The posted earnings topped the analyst’s consensus by $0.11 with the surprise factor of 11.50%. In the matter of earnings surprises, the term ‘Cockroach Effect’ is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

Tyson Foods, Inc. (NYSE:TSN) traded up +0.80% during trading on Friday, hitting $62.87 . The stock had a trading volume of 3.7 M shares. The firm has a 50 day moving average of $64.16 and a 200-day moving average of $61.24. The stock has a market cap of $24.37B and a price-to-earnings ratio of 16.96. On May 9, 2016 the shares registered one year high at $70.44 and the one year low was seen on Aug 24, 2015.

On June 21, 2016 Tyson Foods, Inc. (NYSE:TSN) told investors at the Jefferies 2016 Global Consumer Conference that the company is executing well and selling more branded, protein-centric foods.

“We’re investing in our retail packaged brands, and we’re seeing the payoff,” said Tom Hayes, who was promoted to president of the company last week. “Weekly sales data show that volumes in key categories are gaining momentum,” he said, citing Ball Park® hot dogs, Jimmy Dean® breakfast sausage and Hillshire Farm® dinner sausage as examples.

Hayes said a key factor in Tyson Foods’ improved performance in recent years has been higher, more stable margins in the company’s Chicken segment.

Noel White, president of Tyson’s poultry division, said a new business model was needed to achieve satisfactory returns, even in times of commodity market volatility.

“We’ve fundamentally changed how we operate our chicken business,” White said. “First, we optimized our cost structure. We’ve taken more than $1 billion in inefficiencies out of the business since 2009.”

White went on to explain the company utilizes a broad range of customer pricing agreements that serve to minimize the volatility of grain input costs. In addition, Tyson has upgraded its product mix into more branded, value-added items and created the “Buy vs. Grow” strategy of production, significantly de-commoditizing the business.  Delivering high quality products and customer service are also key, he said.

“We strive to continually earn the trust of our customers that we will deliver for them, that we will innovate for them and that we will help them grow their businesses,” White said.

Worth Watching Stock: Tyson Foods, Inc. (NYSE:TSN)

The shares of Tyson Foods, Inc. (NYSE:TSN)currently has mean rating of 2.0 while 0 analyst have recommended the shares as ‘BUY’ ,0 recommended as ‘OUTPERFORM’ and 0 recommended as ‘HOLD’.The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell

The mean price target for the shares of Tyson Foods, Inc. (NYSE:TSN)is at $75.27 while the highest price target suggested by the analysts is $100.00 and low price target is $65.00. The mean price target is calculated keeping in view the consensus of 11 brokerage firms.

The company’s mean estimate for sales for the current quarter ending Jun 16 is 9.34B by 9 analysts. The means estimate of sales for the year ending Sep 16 is 37.09B by 11 analysts.

The average estimate of EPS for the current fiscal quarter for Tyson Foods, Inc. (NYSE:TSN)stands at $1.04 while the EPS for the current year is fixed at $4.32 by 10.00 analysts

The next one year’s EPS estimate is set at 4.60 by 13.00 analysts while a year ago the analysts suggested the company’s EPS at $4.32. The analysts also projected the company’s long-term growth at 18.20% for the upcoming five years

In its latest quarter ended on 31 Mar 2016 , Tyson Foods, Inc. (NYSE:TSN)reported earnings of $1.07. The posted earnings topped the analyst’s consensus by $0.11 with the surprise factor of 11.50%. In the matter of earnings surprises, the term ‘Cockroach Effect’ is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

Tyson Foods, Inc. (NYSE:TSN) traded down -0.44% during trading on Friday, hitting $61.48 . The stock had a trading volume of 4.9 M shares. The firm has a 50 day moving average of $64.52 and a 200-day moving average of $60.94. The stock has a market cap of $23.80B and a price-to-earnings ratio of 16.56. On May 9, 2016 the shares registered one year high at $70.44 and the one year low was seen on Aug 24, 2015.

On June 14, 2016 Tyson Foods, Inc. (NYSE:TSN) will webcast its presentation at the Jefferies 2016 Consumer Conference on Tuesday, June 21, at 4:30 p.m. ET.

Representing Tyson Foods will be Tom Hayes, president, and Noel White, president, poultry.

The webcast will be available at the company’s investor relations website http://ir.tyson.com, on the Tyson IR App or by direct link at http://wsw.com/webcast/jeff98/tsn.

About Tyson Foods

Tyson Foods, Inc. (TSN), with headquarters in Springdale, Arkansas, is one of the world’s largest food companies with leading brands such as Tyson®, Jimmy Dean®, Hillshire Farm®, Sara Lee®,  Ball Park®, Wright®, Aidells® and State Fair®. It’s a recognized market leader in chicken, beef and pork as well as prepared foods, including bacon, breakfast sausage, turkey, lunchmeat, hot dogs, pizza crusts and toppings, tortillas and desserts. The company supplies retail and foodservice customers throughout the United States and approximately 130 countries. Tyson Foods was founded in 1935 by John W. Tyson, whose family has continued to lead the business with his son, Don Tyson, guiding the company for many years and grandson, John H. Tyson, serving as the current chairman of the board of directors. The company currently has approximately 113,000 Team Members employed at more than 400 facilities and offices in the United States and around the world. Through its Core Values, Code of Conduct and Team Member Bill of Rights, Tyson Foods strives to operate with integrity and trust and is committed to creating value for its shareholders, customers and Team Members. The company also strives to be faith-friendly, provide a safe work environment and serve as stewards of the animals, land and environment entrusted to it.

Analysts: Tyson Foods, Inc. (NYSE:TSN) Stock Could Go to 100.00

Analysts are weighing in on how Tyson Foods, Inc. (NYSE:TSN), might perform in the near term. Wall Street analysts have a  assessment of the stock, with a mean rating of 2.0. The stock is rated as buy by 3 analysts, with 5 outperform and 4 hold rating. The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for strong sell.

For the current quarter, the 10.00 analysts offering adjusted EPS forecast have a consensus estimate of $1.04 a share, which would compare with $0.80 in the same quarter last year. They have a high estimate of $1.10 and a low estimate of $0.99. Revenue for the period is expected to total nearly $9.34B from $10.07B the year-ago period.

For the full year, 13.00 Wall Street analysts forecast this company would deliver earnings of 4.32 per share, with a high estimate of $4.43 and a low estimate of $4.25. It had reported earnings per share of $3.15 in the corresponding quarter of the previous year. Revenue for the period is expected to total nearly $37.09B versus 40.62B in the preceding year.

The analysts project the company to maintain annual growth of around 18.20% percent over the next five years as compared to an average growth rate of 14.23% percent expected for its competitors in the same industry.

Among the 11 analysts Data provided by Thomson/First Call tracks, the 12-month average price target for TSN is $75.27 but some analysts are projecting the price to go as high as $100.00. If the optimistic analysts are correct, that represents a 63 percent upside potential from the recent closing price of $61.49. Some sell-side analysts, particularly the bearish ones, have called for $65.00 price targets on shares of Tyson Foods, Inc. (NYSE:TSN).

In the last reported results, the company reported earnings of $0.80 per share, while analysts were calling for share earnings of $0.92. It was an earnings surprise of -13.00%percent. In the matter of earnings surprises, the term Cockroach Effect is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

Tyson Foods, Inc., together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Chicken, Beef, Pork, and Prepared Foods. The company raises and processes chickens into fresh, frozen, and value-added chicken products; processes live fed cattle and live market hogs; and fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, as well as case ready beef and pork, and fully-cooked meats. It also supplies poultry breeding stock; sells allied products, such as hide and meats; and manufactures and markets frozen and refrigerated food products, including pepperoni, bacon, breakfast sausage, turkey, lunchmeat, hot dogs, pizza crusts and toppings, flour and corn tortilla products, desserts, appetizers, prepared meals, ethnic foods, soups, sauces, side dishes, meat dishes, breadsticks, and processed meats. Tyson Foods, Inc. offers its products primarily under the Tyson, Jimmy Dean, Hillshire Farm, Sara Lee, Ball Park, Wright, Aidells, and State Fair brands, as well as Ball Park, Van’s, Chef Pierre pies, Aidells, Gallo Salame, and Golden Island premium jerky brands. The company sells its products through its sales staff to grocery retailers, grocery wholesalers, meat distributors, warehouse club stores, military commissaries, industrial food processing companies, chain restaurants or their distributors, live markets, international export companies, and domestic distributors, as well as through independent brokers and trading companies. Tyson Foods, Inc. was founded in 1935 and is headquartered in Springdale, Arkansas.

Latest Tyson Foods, Inc. (NYSE:TSN) Target Price Suggests Stock Is Worth $75.27/Share

Tyson Foods, Inc. (TSN) up 0.34 per cent in the past week, is under coverage of 0 analysts who collectively recommend a buy rating on stock. 0 of the analysts have a buy or better rating; the 0 sells versus 0 underperforms. The 11 equity analysts who rate the stock have an average target price at $75.27, with individual targets ranging between $65 and $100. The shares closed last trade at $61.49, implying that analysts see shares rising about 22.41 per cent in 12 months’ time.

Insider Activity: Insiders look pessimistic about the prospects of the company that they seem to offload shares while they are 15.83 up so far this year. A EVP Strategy and New Ventures at Tyson Foods, Inc. (TSN) sold shares in the company in a transaction completed on Wednesday April 20, 2016. Carper Howell P offloaded 64,763 shares in the company at an average price of $63.77 and ended up generating $4,129,940 in proceeds. Carper Howell P retains 59,102 shares in the company after this transaction. A EVP & General Counsel in the company, Van Bebber David L, on Thursday March 24, 2016 collected $5,053,270 from the sale of 75,467 shares at $63.77 each. Insiders are expected to know better about the health and prospects of their company, which is why insiders’ move deserves attention.

Earnings to Watch: Investors considering TSN stock at the going market price of $61.49/share should know the stock will next release quarterly results for the June 2016 quarter. For the reporting quarter, analysts expect the company to deliver $1.04 in earnings per share (EPS). That would represent a 30% year-over-year increase. Revenue for the same period is expected to arrive at $9.34B.

Earnings Roundup: In the last fiscal quarter alone, Tyson Foods, Inc. generated around $9.17B in revenue and net income of $1.07/share. That compares with the consensus estimate $9.04B and $0.95/share, respectively. For the prior quarter revenue for the company hit $9.15B, with earnings at $1.15/share.

Analyst Coverage: Credit Agricole has been a brokerage house following shares of Tyson Foods, Inc. (TSN), so its rating change is noteworthy. The stock was downgraded to Outperform from Buy, wrote analysts at Credit Agricole, in a note issued to clients on Wednesday April 13, 2016. There was another key note issued by BB&T Capital Mkts on Friday March 04, 2016. The firm lowered its rating on TSN from Buy to Hold.

Price Momentum: Despite the 1.87% increase in value, the stock’s new closing price represents a -12.5% fall in value from company’s one year high of $70.44. The stock is currently holding above its 50 day moving average of $-5.28 and below its 200 day moving average of $64.65. Over the last three months and over the last six months, the shares of Tyson Foods, Inc. (TSN), have changed 10.86% and 60.85%, respectively.

 

Tyson Foods, Inc. (NYSE:TSN): Updated Analyst Ratings

Tyson Foods, Inc. (TSN) down -4.18 per cent in the past week, is under coverage of 12 analysts who collectively recommend a buy rating on stock. 8 of the analysts have a buy or better rating; the 0 sells versus 0 underperforms. The 11 equity analysts who rate the stock have an average target price at $75.27, with individual targets ranging between $65 and $100. The shares closed last trade at $60.57, implying that analysts see shares rising about 24.27 per cent in 12 months’ time.

Insider Activity: Insiders look pessimistic about the prospects of the company that they seem to offload shares while they are 14.1 up so far this year. A EVP Strategy and New Ventures at Tyson Foods, Inc. (TSN) sold shares in the company in a transaction completed on Wednesday April 20, 2016. Carper Howell P offloaded 64,763 shares in the company at an average price of $63.77 and ended up generating $4,129,940 in proceeds. Carper Howell P retains 59,102 shares in the company after this transaction. A EVP & General Counsel in the company, Van Bebber David L, on Thursday March 24, 2016 collected $5,053,270 from the sale of 75,467 shares at $63.77 each. Insiders are expected to know better about the health and prospects of their company, which is why insiders’ move deserves attention.

Earnings to Watch: Investors considering TSN stock at the going market price of $60.57/share should know the stock will next release quarterly results for the June 2016 quarter. For the reporting quarter, analysts expect the company to deliver $1.04 in earnings per share (EPS). That would represent a 30% year-over-year increase. Revenue for the same period is expected to arrive at $9.34B.

Earnings Roundup: In the last fiscal quarter alone, Tyson Foods, Inc. generated around $9.17B in revenue and net income of $1.07/share. That compares with the consensus estimate $9.04B and $0.95/share, respectively. For the prior quarter revenue for the company hit $9.15B, with earnings at $1.15/share.

Analyst Coverage: Credit Agricole has been a brokerage house following shares of Tyson Foods, Inc. (TSN), so its rating change is noteworthy. The stock was downgraded to Outperform from Buy, wrote analysts at Credit Agricole, in a note issued to clients on Wednesday April 13, 2016. There was another key note issued by BB&T Capital Mkts on Friday March 04, 2016. The firm lowered its rating on TSN from Buy to Hold.

Price Momentum: Despite the -1.16% decrease in value, the stock’s new closing price represents a -13.81% fall in value from company’s one year high of $70.44. The stock is currently holding above its 50 day moving average of $-7.5 and below its 200 day moving average of $65.08. Over the last three months and over the last six months, the shares of Tyson Foods, Inc. (TSN), have changed 9.96% and 60.62%, respectively.

 

Tyson Foods, Inc. (NYSE:TSN) To Report June 2016 Results

Tyson Foods, Inc. (TSN) retreated -1.78% to reach at the floor price of $59.76 as the company is set to share its next quarterly earnings on August 08, 2016. TSN stock trades between $59.51 and $61 before the earnings release. Let’s take a closer look at the June 2016 earnings estimates, particularly the things investors should pay close attention to. Earnings (EPS) for the recently concluded quarter is projected to come in at $1.04/share with $9.34B in revenue.

Earnings Track Record: If history is anything to go by, Tyson Foods, Inc. (TSN) managed to beat quarterly EPS forecasts in 8 of the trailing three fiscal years, and has a positive trend with an average surprise of 66%. Last time the company reported, Tyson Foods, Inc. generated $1.07 in earnings per share, surpassing the mean forecast of $0.96. Revenues reached $9.17B in the March 2016 quarter, which was higher than the consensus $9.04B projection. On the other hand, in the December 2015 quarter it recorded a net $9.15B revenue with EPS of $1.15. Wall Street had projected $10.07B and $0.89, respectively. For comparison, there was a revenue of $9.76B and earnings of $0.83 in the September 2015 quarter.

Future Earnings: After upcoming financial results, all eyes will be on the outlook or guidance for the next reporting quarter (September 2016). Analysts, on average, predict Tyson Foods, Inc. to earn $1.06 in earnings per share (EPS) on revenue of $9.34B. The earnings-per-share consensus range is $1.01-$1.13 on sales between $9.22B and $9.45B.

Stock Trend vs. Analyst View: The stock is trading up 54.56 percent versus 1-year low of $39.05 and stands -14.97 lower from its peak of $70.44. The consensus price target of $75.27 means that the market expects Company shares to increase by 25.95% in the short run. The sell-side target prices range from $65 to $100. In the last month the stock has moved in price -12.22%, with a one year change of 46.64%. The last trading session volume compares with the 3.24M average and market worth floats around $23.65B.

Recent Analyst Rating Changes: The buoyancy in the prospect of Tyson Foods, Inc. (TSN) is getting stronger by the bullish sentiment (1.9 on a 5-point scale) that brokerage firms have issued concerning it. Wall Street analysts on the average recommend the company shares as Overweight. Credit Agricole has been covering shares of TSN, so it’s most recent view is worth a look. In a research note released on April 13, 2016, analysts at Credit Agricole downgraded the stock to Outperform from Buy.  Another noteworthy analyst activity was recorded on March 04, 2016. BB&T Capital Mkts analysts downgraded the stock to Hold from Buy.