Zacks Research Issues Pessimistic Forecast for Hess Earnings

Hess Corporation (NYSE:HES - Free Report) - Investment analysts at Zacks Research cut their FY2025 earnings per share estimates for shares of Hess in a research note issued on Thursday, June 26th. Zacks Research analyst R. Department now expects that the oil and gas producer will earn $5.78 per share for the year, down from their prior estimate of $5.79. The consensus estimate for Hess' current full-year earnings is $8.08 per share. Zacks Research also issued estimates for Hess' Q4 2025 earnings at $1.44 EPS.

Other analysts also recently issued reports about the company. UBS Group upped their price objective on Hess from $163.00 to $173.00 and gave the stock a "buy" rating in a research report on Wednesday, June 11th. Scotiabank dropped their price objective on Hess from $164.00 to $146.58 and set a "sector perform" rating for the company in a research report on Friday, April 11th. Piper Sandler dropped their price objective on Hess from $151.00 to $147.00 and set an "overweight" rating for the company in a research report on Tuesday, May 13th. Wall Street Zen upgraded Hess from a "sell" rating to a "hold" rating in a research report on Saturday, June 14th. Finally, Susquehanna dropped their price objective on Hess from $160.00 to $136.00 and set a "neutral" rating for the company in a research report on Tuesday, April 22nd. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Hess has a consensus rating of "Moderate Buy" and an average price target of $162.26.

Hess Stock Performance

NYSE:HES opened at $139.06 on Friday. 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 has a fifty-two week low of $123.79 and a fifty-two week high of $161.69. The company has a market cap of $43.01 billion, a price-to-earnings ratio of 19.23 and a beta of 0.62. The stock has a fifty day moving average price of $134.75 and a 200-day moving average price of $139.91.

Hess (NYSE:HES - Get Free Report) last released its earnings results on Wednesday, April 30th. The oil and gas producer reported $1.81 earnings per share for the quarter, missing analysts' consensus estimates of $1.95 by ($0.14). The company had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.95 billion. Hess had a net margin of 17.65% and a return on equity of 21.78%. The business's revenue was down 12.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.16 earnings per share.

Hedge Funds Weigh In On Hess

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Hess by 5.2% in the first quarter. Vanguard Group Inc. now owns 34,873,741 shares of the oil and gas producer's stock valued at $5,570,383,000 after buying an additional 1,732,497 shares during the period. GAMMA Investing LLC increased its stake in shares of Hess by 16,134.6% in the first quarter. GAMMA Investing LLC now owns 1,546,506 shares of the oil and gas producer's stock valued at $2,470,230,000 after buying an additional 1,536,980 shares during the period. Nuveen LLC acquired a new stake in shares of Hess in the first quarter valued at about $196,457,000. Price T Rowe Associates Inc. MD increased its stake in shares of Hess by 94.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,043,488 shares of the oil and gas producer's stock valued at $326,408,000 after buying an additional 992,383 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Hess by 46.3% in the fourth quarter. Bank of New York Mellon Corp now owns 2,930,509 shares of the oil and gas producer's stock valued at $389,787,000 after buying an additional 927,093 shares during the period. Institutional investors and hedge funds own 88.51% of the company's stock.

Insiders Place Their Bets

In other Hess news, CEO John B. Hess sold 225,000 shares of the company's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $133.18, for a total value of $29,965,500.00. Following the completion of the transaction, the chief executive officer now owns 1,984,679 shares of the company's stock, valued at $264,319,549.22. This represents a 10.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 9.10% of the company's stock.

Hess Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be issued a $0.50 dividend. The ex-dividend date is Monday, June 16th. This represents a $2.00 dividend on an annualized basis and a yield of 1.44%. Hess's payout ratio is presently 27.66%.

About Hess

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.

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