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Hess Stock Price, News & Analysis (NYSE:HES)

$136.84
-1.55 (-1.12%)
(As of 11:58 AM ET)
Compare
Today's Range
$135.00
$137.91
50-Day Range
$138.39
$166.08
52-Week Range
$113.82
$167.75
Volume
3.10 million shs
Average Volume
2.16 million shs
Market Capitalization
$42.03 billion
P/E Ratio
26.37
Dividend Yield
1.28%
Price Target
$173.06

Hess MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
26.1% Upside
$173.06 Price Target
Short Interest
Healthy
1.39% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-7.49
Upright™ Environmental Score
News Sentiment
0.24mentions of Hess in the last 14 days
Based on 29 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
97.35%
From $5.28 to $10.42 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.79 out of 5 stars

Oils/Energy Sector

66th out of 208 stocks

Petroleum Refining Industry

7th out of 16 stocks


HES stock logo

About Hess Stock (NYSE:HES)

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. Gulf of Mexico, and offshore Suriname and Canada. The company is also involved in gathering, compressing, and processing natural gas; fractionating NGLs; gathering, terminaling, loading, and transporting crude oil and NGL through rail car; and storing and terminaling propane, as well as providing water handling services primarily in the Bakken Shale plays in the Williston Basin area of North Dakota. The company was incorporated in 1920 and is headquartered in New York, New York.

HES Stock Price History

HES Stock News Headlines

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EASTERN MICHIGAN 68, LAKE SUPERIOR STATE 53
Behind the Scenes of Hess's Latest Options Trends
Bountiful man charged in friend’s shooting death
BIRTHING FRIENDLY: Feds honor NTMC for natal care
Toys for Tots at 22News - Day 2
Hess Co. (NYSE:HES) Receives $173.06 Consensus PT from Analysts
See More Headlines
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Company Calendar

Ex-Dividend for 9/29 Dividend
9/15/2023
Dividend Payable
9/29/2023
Last Earnings
10/25/2023
Today
12/06/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
1/24/2024

Industry, Sector and Symbol

Industry
Petroleum refining
Sub-Industry
Integrated Oil & Gas
CUSIP
42809H10
CIK
4447
Employees
1,623
Year Founded
1933

Price Target and Rating

Average Stock Price Target
$173.06
High Stock Price Target
$210.00
Low Stock Price Target
$150.00
Potential Upside/Downside
+25.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
16 Analysts

Profitability

Net Income
$2.10 billion
Pretax Margin
24.94%

Debt

Sales & Book Value

Annual Sales
$10.43 billion
Cash Flow
$12.42 per share
Book Value
$27.56 per share

Miscellaneous

Free Float
276,713,000
Market Cap
$42.51 billion
Optionable
Optionable
Beta
1.45

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HES Stock Analysis - Frequently Asked Questions

Should I buy or sell Hess stock right now?

16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Hess in the last year. There are currently 8 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" HES shares.
View HES analyst ratings
or view top-rated stocks.

What is Hess' stock price target for 2024?

16 Wall Street analysts have issued 12 month price objectives for Hess' stock. Their HES share price targets range from $150.00 to $210.00. On average, they expect the company's stock price to reach $173.06 in the next twelve months. This suggests a possible upside of 26.1% from the stock's current price.
View analysts price targets for HES
or view top-rated stocks among Wall Street analysts.

How have HES shares performed in 2023?

Hess' stock was trading at $141.82 at the beginning of 2023. Since then, HES stock has decreased by 3.2% and is now trading at $137.25.
View the best growth stocks for 2023 here
.

Are investors shorting Hess?

Hess saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 3,870,000 shares, an increase of 36.3% from the October 31st total of 2,840,000 shares. Based on an average daily volume of 2,870,000 shares, the short-interest ratio is currently 1.3 days. Approximately 1.4% of the shares of the stock are sold short.
View Hess' Short Interest
.

When is Hess' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, January 24th 2024.
View our HES earnings forecast
.

How were Hess' earnings last quarter?

Hess Co. (NYSE:HES) posted its quarterly earnings data on Wednesday, October, 25th. The oil and gas producer reported $1.64 earnings per share for the quarter, topping analysts' consensus estimates of $1.24 by $0.40. The oil and gas producer earned $2.30 billion during the quarter, compared to analysts' expectations of $2.68 billion. Hess had a net margin of 14.94% and a trailing twelve-month return on equity of 18.06%. Hess's revenue was down 27.3% compared to the same quarter last year. During the same period last year, the business posted $1.89 EPS.

How often does Hess pay dividends? What is the dividend yield for Hess?

Hess announced a quarterly dividend on Wednesday, September 6th. Shareholders of record on Monday, September 18th will be given a dividend of $0.4375 per share on Friday, September 29th. This represents a $1.75 annualized dividend and a dividend yield of 1.28%. The ex-dividend date is Friday, September 15th.
Read our dividend analysis for HES
.

Is Hess a good dividend stock?

Hess (NYSE:HES) pays an annual dividend of $1.75 per share and currently has a dividend yield of 1.24%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 33.72%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HES will have a dividend payout ratio of 16.79% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HES.

What is John B. Hess' approval rating as Hess' CEO?

200 employees have rated Hess Chief Executive Officer John B. Hess on Glassdoor.com. John B. Hess has an approval rating of 90% among the company's employees.

What other stocks do shareholders of Hess own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Hess investors own include Puma Biotechnology (PBYI), BioMarin Pharmaceutical (BMRN), Incyte (INCY), (MDVN) (MDVN), Precigen (PGEN), Intel (INTC), First Solar (FSLR), Walt Disney (DIS), Schlumberger (SLB) and Chevron (CVX).

Who are Hess' major shareholders?

Hess' stock is owned by a number of institutional and retail investors. Top institutional shareholders include FMR LLC (12.12%), Primecap Management Co. CA (2.64%), Massachusetts Financial Services Co. MA (2.54%), Bank of New York Mellon Corp (1.90%), Invesco Ltd. (1.18%) and Morgan Stanley (0.96%). Insiders that own company stock include Andrew P Slentz, Barbara J Lowery-Yilmaz, Corp Hess, Geurt G Schoonman, Gregory P Hill, John B Hess, John B Hess, John P Rielly, Michael Mcknight, Richard D Lynch, Sami A Siddiqui and Timothy B Goodell.
View institutional ownership trends
.

How do I buy shares of Hess?

Shares of HES stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

Does Hess have any subsidiaries?
The following companies are subsidiares of Hess: American Oil & Gas, Bakken Acreage, Hess (Indonesia-VIII) Holdings Limited, Hess Asia Holdings Inc., Hess Bakken Investments II LLC, Hess Bakken Investments III LLC, Hess Bakken Investments IV LLC, Hess Baldpate-Penn State LLC, Hess Canada (Aspy) Exploration Limited, Hess Canada Exploration Limited, Hess Canada Oil and Gas ULC, Hess Capital Limited, Hess Capital Services Holdings LLC, Hess Capital Services LLC, Hess Capital Services Limited, Hess Conger LLC, Hess Energy Exploration LLC, Hess Equatorial Guinea Investments Limited, Hess Exploration Services Inc., Hess Exploration and Production Holdings LLC, Hess Exploration and Production Malaysia B.V., Hess Finance, Hess GOM Deepwater LLC, Hess GOM Deepwater Sub-Holdings LLC, Hess GOM Exploration LLC, Hess Guyana (Block B) Exploration Limited, Hess Guyana (Liza) Exploration Limited, Hess Guyana Exploration Limited, Hess Holdings EG Limited, Hess Holdings GOM Ventures LLC, Hess Holdings West Africa Limited, Hess International Holdings Corporation, Hess International Holdings Limited, Hess International Receivables Limited, Hess International Sales LLC, Hess Libya (Waha) Limited, Hess Libya Exploration Limited, Hess Limited, Hess Llano LLC, Hess Middle East New Ventures Limited, Hess NWE Holdings, Hess New Ventures Exploration Limited, Hess Offshore Response Company LLC, Hess Ohio Developments LLC, Hess Ohio Holdings LLC, Hess Ohio Sub-Holdings LLC, Hess Oil & Gas Sdn. Bhd., Hess Oil Company of Thailand (JDA) Limited, Hess Oil Company of Thailand Ltd. Co., Hess Oil Production and Exploration LLC, Hess Oil and Gas Holdings Inc., Hess Oil and Gas International II Limited, Hess Oil and Gas International Limited, Hess Services UK Limited, Hess Stampede LLC, Hess Suriname Exploration Limited, Hess TGP Finance Company LLC, Hess Trading Corporation, Hess Tubular Bells LLC, Hess West Africa Holdings Limited, Marquette Exploration LLC, Meadville Corporation, and Triton Energy.
Read More
This page (NYSE:HES) was last updated on 12/6/2023 by MarketBeat.com Staff

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