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Citizens Bank has alerted customers about international attacks targeting its Visa Debit Cards. While the bank's systems remain secure, it has noted a significant increase in attack attempts. To protect customers, the bank's monitoring systems are actively blocking cards after detecting unauthorized transaction attempts.
Howard Capital Management Inc. increased its stake in Hess Corporation to 1,809 shares valued at $241,000, while Parkside Financial Bank & Trust raised its holdings by 18% to 629 shares worth $84,000. Hess announced a quarterly dividend of $0.50, with a yield of 1.27%, and a payout ratio of 22.22%. Analysts have mixed ratings on Hess, with a consensus of "Moderate Buy" and a price target of $170.60, while recent earnings estimates have been adjusted downward by Capital One Financial.
UBS has raised its price target on Hess Corporation to $186 from $185 while maintaining a Buy rating. Hess specializes in crude oil and natural gas exploration and production, with a daily output of 225,000 barrels of crude oil, 17 million m³ of natural gas, and 69,000 barrels of liquefied natural gas. The company's net sales are primarily generated in the United States (58%), followed by Guyana (33.2%) and Malaysia (8.8%).
On December 9, the Sensex and Nifty ended in the red as investors awaited key US and Indian CPI data. ITI shares surged 15%, while Mishtann Foods faced a 20% drop due to regulatory issues. FMCG stocks fell over 10% after Godrej Consumer's weak sales forecast, and CDMO stocks dropped amid uncertainty over the US Biosecure Act. CEAT shares rose over 10% following a significant acquisition, while Star Health tanked over 4% after receiving a regulatory notice.
Guyana and Suriname have selected China Road & Bridge Corp. to construct a $236 million bridge over the Corentyne River, linking the two nations. Each country will cover 50% of the project's cost, and they have requested financing from the Chinese government.
RITES has secured a $97.13 million contract from the Guyana government for the upgradation of the Palmyra to Moleson Creek Highway, to be completed over 60 months. This order contributes to a 3.55% increase in RITES' order book, which now stands at Rs 6,581 crore, reflecting strong growth momentum. Chairman Rahul Mithal highlighted the company's ability to maintain a steady flow of new orders, achieving over 90 contracts valued at Rs 729 crore in the September quarter alone.
Exactitude Consultancy offers market research and consulting services, focusing on strategic business challenges. Their reports provide in-depth analysis, including economic impacts, competition, and market forecasts, ensuring clients receive reliable data to drive growth. Customization options are available for tailored insights.
Hess Corporation has received a positive rating from UBS, highlighting its strong position in the exploration and production of crude oil and natural gas. In 2023, the company produced 225,000 barrels of crude oil, 17 million m³ of natural gas, and 69,000 barrels of liquefied natural gas daily. Geographically, net sales are distributed as follows: United States (58%), Guyana (33.2%), and Malaysia (8.8%).
Hess Corporation focuses on the exploration and production of crude oil and natural gas, with a daily output of 225,000 barrels of crude oil, 17 million m³ of natural gas, and 69,000 barrels of liquefied natural gas in 2023. Geographically, net sales are distributed as follows: 58% in the United States, 33.2% in Guyana, and 8.8% in Malaysia. UBS has reiterated its buy recommendation for the company.
Global oil supply is projected to exceed demand by over 1 million barrels per day in 2025, driven by increased production from non-OPEC+ countries. Major banks forecast Brent crude prices averaging between $73.00 and $76.00 per barrel, with geopolitical events and OPEC+ decisions likely influencing market volatility. Traders should focus on risk management and monitor key market indicators to navigate the anticipated supply surplus and price pressures.
GUY
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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