Hess (HES) to Release Earnings on Wednesday

Hess (NYSE:HES - Get Free Report) will likely be posting its Q2 2025 quarterly earnings results before the market opens on Wednesday, July 30th. Analysts expect Hess to post earnings of $1.22 per share and revenue of $2.69 billion for the quarter.

Hess (NYSE:HES - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The oil and gas producer reported $1.81 EPS for the quarter, missing the consensus estimate of $1.95 by ($0.14). Hess had a return on equity of 21.78% and a net margin of 17.65%. The firm had revenue of $2.92 billion for the quarter, compared to analysts' expectations of $2.95 billion. During the same quarter in the previous year, the firm posted $3.16 earnings per share. The firm's revenue for the quarter was down 12.1% compared to the same quarter last year. On average, analysts expect Hess to post $8 EPS for the current fiscal year and $12 EPS for the next fiscal year.

Hess Price Performance

Shares of HES traded up $11.34 during trading hours on Friday, hitting $160.31. 104,703 shares of the stock were exchanged, compared to its average volume of 1,867,605. The company has a market cap of $49.59 billion, a price-to-earnings ratio of 22.17 and a beta of 0.62. The stock's 50-day moving average price is $142.37 and its two-hundred day moving average price is $142.27. Hess has a 12-month low of $123.79 and a 12-month high of $161.69. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.91 and a current ratio of 1.08.

Hess Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were given a dividend of $0.50 per share. The ex-dividend date was Monday, June 16th. This represents a $2.00 dividend on an annualized basis and a yield of 1.25%. Hess's payout ratio is 27.66%.

Insider Buying and Selling

In other Hess news, CEO John B. Hess sold 250,000 shares of the firm's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $136.01, for a total transaction of $34,002,500.00. Following the completion of the transaction, the chief executive officer owned 1,734,679 shares of the company's stock, valued at approximately $235,933,690.79. This trade represents a 12.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 9.10% of the company's stock.

Hedge Funds Weigh In On Hess

A hedge fund recently raised its stake in Hess stock. Bison Wealth LLC increased its holdings in Hess Corporation (NYSE:HES - Free Report) by 3.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,252 shares of the oil and gas producer's stock after purchasing an additional 153 shares during the quarter. Bison Wealth LLC's holdings in Hess were worth $566,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 88.51% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on HES shares. Scotiabank lifted their price objective on Hess from $146.58 to $155.00 and gave the stock a "sector perform" rating in a research report on Friday, July 11th. Wells Fargo & Company decreased their price target on shares of Hess from $193.00 to $184.00 and set an "overweight" rating for the company in a research report on Thursday, June 26th. UBS Group raised their price objective on shares of Hess from $163.00 to $173.00 and gave the company a "buy" rating in a report on Wednesday, June 11th. Piper Sandler increased their target price on shares of Hess from $147.00 to $153.00 and gave the company an "overweight" rating in a research report on Wednesday, July 2nd. Finally, Wall Street Zen upgraded shares of Hess from a "sell" rating to a "hold" rating in a research report on Saturday, June 14th. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, Hess currently has a consensus rating of "Hold" and a consensus target price of $162.78.

Hess Company Profile

Hess Corporation, an exploration and production company, explores, develops, produces, purchases, transports, and sells crude oil, natural gas liquids (NGLs), and natural gas. The company operates in two segments, Exploration and Production, and Midstream. It conducts production operations primarily in the United States, Guyana, the Malaysia/Thailand Joint Development Area, and Malaysia; and exploration activities principally offshore Guyana, the U.S.