Research Analysts Offer Predictions for Hess FY2026 Earnings

Hess Corporation (NYSE:HES - Free Report) - Scotiabank lifted their FY2026 earnings estimates for Hess in a report issued on Tuesday, July 15th. Scotiabank analyst P. Cheng now forecasts that the oil and gas producer will earn $5.85 per share for the year, up from their previous estimate of $5.40. Scotiabank currently has a "Sector Perform" rating and a $155.00 target price on the stock. The consensus estimate for Hess' current full-year earnings is $8.08 per share.

HES has been the topic of a number of other reports. Wall Street Zen upgraded shares of Hess from a "sell" rating to a "hold" rating in a research report on Saturday, June 14th. Susquehanna decreased their price target on Hess from $160.00 to $136.00 and set a "neutral" rating for the company in a report on Tuesday, April 22nd. UBS Group increased their price target on Hess from $163.00 to $173.00 and gave the stock a "buy" rating in a report on Wednesday, June 11th. Wells Fargo & Company decreased their price target on Hess from $193.00 to $184.00 and set an "overweight" rating for the company in a report on Thursday, June 26th. Finally, Piper Sandler increased their price target on Hess from $147.00 to $153.00 and gave the stock an "overweight" rating in a report on Wednesday, July 2nd. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $162.78.

Hess Stock Up 7.6%

Hess stock traded up $11.34 during mid-day trading on Friday, hitting $160.31. The company had a trading volume of 104,703 shares, compared to its average volume of 1,862,886. The company has a quick ratio of 0.91, a current ratio of 1.08 and a debt-to-equity ratio of 0.71. The stock has a market cap of $49.59 billion, a price-to-earnings ratio of 22.17 and a beta of 0.62. The business has a fifty day moving average of $139.83 and a 200 day moving average of $141.43. Hess has a 1 year low of $123.79 and a 1 year high of $161.69.

Hess (NYSE:HES - Get Free Report) last announced 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). The company had revenue of $2.92 billion during the quarter, compared to analysts' expectations of $2.95 billion. Hess had a net margin of 17.65% and a return on equity of 21.78%. The business's revenue for the quarter was down 12.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.16 earnings per share.

Hess Announces Dividend

The business also recently declared 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. This represents a $2.00 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend was Monday, June 16th. Hess's dividend payout ratio (DPR) is presently 27.66%.

Insider Buying and Selling

In related news, CEO John B. Hess sold 250,000 shares of the business's stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 1,734,679 shares of the company's stock, valued at approximately $235,933,690.79. The trade was a 12.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 9.10% of the company's stock.

Hedge Funds Weigh In On Hess

Institutional investors have recently made changes to their positions in the business. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Hess in the 1st quarter valued at approximately $25,000. ORG Partners LLC bought a new stake in shares of Hess in the 2nd quarter valued at approximately $25,000. Global X Japan Co. Ltd. increased its holdings in shares of Hess by 106.2% in the 1st quarter. Global X Japan Co. Ltd. now owns 200 shares of the oil and gas producer's stock valued at $32,000 after acquiring an additional 103 shares during the last quarter. Capital Analysts LLC increased its holdings in shares of Hess by 367.4% in the 1st quarter. Capital Analysts LLC now owns 201 shares of the oil and gas producer's stock valued at $32,000 after acquiring an additional 158 shares during the last quarter. Finally, Wayfinding Financial LLC bought a new stake in shares of Hess in the 1st quarter valued at approximately $33,000. 88.51% of the stock is owned by institutional investors and hedge funds.

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.