NYSE:HES

Hess (HES) Stock Price, News & Analysis

$157.17
-0.94 (-0.59%)
(As of 10:57 AM ET)
Today's Range
$156.82
$158.89
50-Day Range
$146.63
$163.13
52-Week Range
$124.27
$167.75
Volume
269,707 shs
Average Volume
2.58 million shs
Market Capitalization
$48.43 billion
P/E Ratio
24.07
Dividend Yield
1.11%
Price Target
$178.08

Hess MarketRank™ Stock Analysis

Analyst Rating
Hold
2.40 Rating Score
Upside/​Downside
13.1% Upside
$178.08 Price Target
Short Interest
Healthy
1.84% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-7.49
Upright™ Environmental Score
News Sentiment
0.40mentions of Hess in the last 14 days
Based on 36 Articles This Week
Insider Trading
Selling Shares
$22.81 M Sold Last Quarter
Proj. Earnings Growth
16.88%
From $9.54 to $11.15 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.49 out of 5 stars

Oils/Energy Sector

29th out of 242 stocks

Petroleum Refining Industry

5th out of 17 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

Hess (NYSE:HES) Earns Sell Rating from Analysts at StockNews.com
Hess (NYSE:HES) PT Raised to $167.00 at Susquehanna
Hess Investors Advised by Glass Lewis to Back Chevron Deal
Hess Corporation: What Has Changed
Hess (NYSE:HES) Price Target Raised to $210.00
Evaluating Hess: Insights From 7 Financial Analysts
See More Headlines
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Company Calendar

Ex-Dividend for 3/28 Dividend
3/15/2024
Dividend Payable
3/28/2024
Last Earnings
4/25/2024
Today
5/20/2024
Ex-Dividend for 6/28 Dividend
6/14/2024
Dividend Payable
6/28/2024
Next Earnings (Estimated)
7/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Petroleum refining
Sub-Industry
Integrated Oil & Gas
CUSIP
42809H10
CIK
4447
Employees
1,756
Year Founded
1933

Price Target and Rating

Average Stock Price Target
$178.08
High Stock Price Target
$210.00
Low Stock Price Target
$153.00
Potential Upside/Downside
+13.1%
Consensus Rating
Hold
Rating Score (0-4)
2.40
Research Coverage
10 Analysts

Profitability

Net Income
$1.38 billion
Pretax Margin
28.46%

Debt

Sales & Book Value

Annual Sales
$10.65 billion
Cash Flow
$11.66 per share
Book Value
$31.26 per share

Miscellaneous

Free Float
278,038,000
Market Cap
$48.51 billion
Optionable
Optionable
Beta
1.24

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HES Stock Analysis - Frequently Asked Questions

Should I buy or sell Hess stock right now?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Hess in the last twelve months. There are currently 6 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" HES shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in HES, but not buy additional shares or sell existing shares.
View HES analyst ratings
or view top-rated stocks.

What is Hess' stock price target for 2024?

10 brokerages have issued twelve-month price targets for Hess' stock. Their HES share price targets range from $153.00 to $210.00. On average, they predict the company's share price to reach $178.08 in the next twelve months. This suggests a possible upside of 13.1% 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 2024?

Hess' stock was trading at $144.16 on January 1st, 2024. Since then, HES shares have increased by 9.2% and is now trading at $157.45.
View the best growth stocks for 2024 here
.

Are investors shorting Hess?

Hess saw a drop in short interest during the month of April. As of April 30th, there was short interest totaling 5,120,000 shares, a drop of 8.7% from the April 15th total of 5,610,000 shares. Based on an average trading volume of 2,690,000 shares, the days-to-cover ratio is currently 1.9 days. Approximately 1.8% of the company's shares 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, July 24th 2024.
View our HES earnings forecast
.

How were Hess' earnings last quarter?

Hess Co. (NYSE:HES) announced its quarterly earnings results on Thursday, April, 25th. The oil and gas producer reported $3.16 EPS for the quarter, beating the consensus estimate of $1.73 by $1.43. The oil and gas producer had revenue of $3.34 billion for the quarter, compared to the consensus estimate of $2.98 billion. Hess had a trailing twelve-month return on equity of 22.73% and a net margin of 17.41%. The business's quarterly revenue was up 36.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.13 EPS.

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

Hess declared a quarterly dividend on Wednesday, May 15th. Stockholders of record on Friday, June 14th will be paid a dividend of $0.4375 per share on Friday, June 28th. This represents a $1.75 annualized dividend and a yield of 1.11%. The ex-dividend date of this dividend is Friday, June 14th.
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 1.11%. 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 26.80%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HES will have a dividend payout ratio of 15.70% 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 variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (10.43%), Fayez Sarofim & Co (1.52%), Price T Rowe Associates Inc. MD (1.35%), Bank of New York Mellon Corp (0.68%), KRYGER CAPITAL Ltd (0.36%) and Clearbridge Investments LLC (0.30%). 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 P Rielly, Michael Mcknight, Richard D Lynch 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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.
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This page (NYSE:HES) was last updated on 5/20/2024 by MarketBeat.com Staff

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