Free Trial
NYSE:HES

Hess (HES) Stock Price, News & Analysis

$145.89
-2.11 (-1.43%)
(As of 06/12/2024 ET)
Today's Range
$144.10
$148.93
50-Day Range
$145.89
$163.13
52-Week Range
$129.12
$167.75
Volume
1.55 million shs
Average Volume
2.53 million shs
Market Capitalization
$44.95 billion
P/E Ratio
22.34
Dividend Yield
1.20%
Price Target
$177.83

Hess MarketRank™ Stock Analysis

Analyst Rating
Hold
2.40 Rating Score
Upside/​Downside
21.9% Upside
$177.83 Price Target
Short Interest
Healthy
2.55% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-7.49
Upright™ Environmental Score
News Sentiment
1.09mentions of Hess in the last 14 days
Based on 18 Articles This Week
Insider Trading
Selling Shares
$2.10 M Sold Last Quarter
Proj. Earnings Growth
16.96%
From $9.55 to $11.17 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.

4.21 out of 5 stars

Oils/Energy Sector

48th out of 235 stocks

Petroleum Refining Industry

6th 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

Chevron Stock Concerns: Perspectives Make the Difference (HES)
Although Chevron has underperformed the broader market in the past 12 months, CVX stock is still a good buy for long-term investors
MarketBeat Week in Review – 5/27 - 5/31 (HES)
Markets closed the week quietly after a sharp sell-off; however, the market is likely to remain volatile as several key economic reports are on deck
Chevron Eyes Hess, Exxon Resists: Here's the Trade (HES)
Using professional methodologies, investors can find a way to spot the winner in this dogfight between Chevron and Exxon taking over Hess
Hess Co. (NYSE:HES) to Issue $0.44 Quarterly Dividend
Hess (NYSE:HES) Receives New Coverage from Analysts at StockNews.com
Hess Sees Unusually High Options Volume (NYSE:HES)
Citigroup Increases Hess (NYSE:HES) Price Target to $160.00
Hess (NYSE:HES) Now Covered by Analysts at StockNews.com
3 Dividend Stocks That Even Ken Griffin Is Buying
Hess Shareholders Approve $53 Billion Chevron Deal
See More Headlines
Receive HES Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Hess and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Ex-Dividend for 3/28 Dividend
3/15/2024
Dividend Payable
3/28/2024
Last Earnings
4/25/2024
Today
6/12/2024
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
$177.83
High Stock Price Target
$210.00
Low Stock Price Target
$153.00
Potential Upside/Downside
+21.9%
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
$11.56 per share
Book Value
$31.26 per share

Miscellaneous

Free Float
278,038,000
Market Cap
$44.95 billion
Optionable
Optionable
Beta
1.19

Social Links

Investing Strategies To Help Grow Your Retirement Income Cover

Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.

Get This Free Report

Should I Buy Hess Stock? HES Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Hess Co.:

  • Hess Co. has shown consistent revenue growth over the past few quarters, indicating a strong financial performance.
  • The company has successfully reduced its debt levels, improving its financial stability and reducing risk for investors.
  • Hess Co. recently announced a dividend increase, providing an attractive income opportunity for investors.
  • The stock price of Hess Co. has been steadily increasing, showing positive momentum in the market.
  • Hess Co. has a strong presence in the energy sector, which is expected to grow in the coming years, offering long-term potential for investors.

Cons

Investors should be bearish about investing in Hess Co. for these reasons:

  • The energy sector is volatile, and fluctuations in oil prices can impact Hess Co.'s profitability and stock performance.
  • Hess Co. faces regulatory challenges in some regions where it operates, which could lead to increased operational costs.
  • Market competition in the energy industry is intense, potentially affecting Hess Co.'s market share and margins.
  • Global economic conditions and geopolitical factors can influence the demand for oil and gas products, impacting Hess Co.'s revenue streams.
  • Investing in the energy sector involves inherent risks related to environmental regulations, technological advancements, and market demand shifts.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, June 2, 2024. Please send any questions or comments about these Hess pros and cons to contact@marketbeat.com.

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 year. 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 1-year target prices 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 $177.83 in the next year. This suggests a possible upside of 21.9% 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 at the beginning of 2024. Since then, HES shares have increased by 1.2% and is now trading at $145.89.
View the best growth stocks for 2024 here
.

Are investors shorting Hess?

Hess saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 6,150,000 shares, an increase of 20.1% from the April 30th total of 5,120,000 shares. Based on an average trading volume of 2,590,000 shares, the days-to-cover ratio is presently 2.4 days. Approximately 2.2% 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, July 24th 2024.
View our HES earnings forecast
.

How were Hess' earnings last quarter?

Hess Co. (NYSE:HES) posted 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 earned $3.34 billion during 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 firm's revenue was up 36.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.13 earnings per share.

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

Hess announced a quarterly dividend on Wednesday, May 15th. Investors of record on Friday, June 14th will be given a dividend of $0.4375 per share on Friday, June 28th. This represents a $1.75 annualized dividend and a yield of 1.20%. 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 1.18%. 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 15.67% 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 retail and institutional investors. Top institutional shareholders 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, 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.
Read More
This page (NYSE:HES) was last updated on 6/13/2024 by MarketBeat.com Staff

From Our Partners