Hess (HES) Stock Forecast, Price & News

15 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Hess in the last twelve months. There are currently 5 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" HES shares.
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15 brokerages have issued 12 month price objectives for Hess' shares. Their HES share price forecasts range from $140.00 to $206.00. On average, they anticipate the company's stock price to reach $169.12 in the next year. This suggests a possible upside of 12.7% from the stock's current price.
View analysts price targets for HES or view top-rated stocks among Wall Street analysts.

Hess' stock was trading at $141.82 at the beginning of the year. Since then, HES stock has increased by 5.9% and is now trading at $150.12.
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Hess saw a drop in short interest in August. As of August 31st, there was short interest totaling 3,100,000 shares, a drop of 19.7% from the August 15th total of 3,860,000 shares. Based on an average daily trading volume, of 1,660,000 shares, the days-to-cover ratio is presently 1.9 days. Currently, 1.1% of the shares of the company are sold short.
View Hess' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 25th 2023.
View our HES earnings forecast.

Hess Co. (NYSE:HES) announced its quarterly earnings results on Wednesday, July, 26th. The oil and gas producer reported $0.65 EPS for the quarter, beating analysts' consensus estimates of $0.57 by $0.08. The oil and gas producer earned $2.32 billion during the quarter, compared to analysts' expectations of $2.32 billion. Hess had a net margin of 14.60% and a trailing twelve-month return on equity of 19.56%. The business's quarterly revenue was down 22.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.15 earnings per share.
Read the conference call transcript.

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 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend is Friday, September 15th.
Read our dividend analysis for HES.

ETFs with the largest weight of Hess (NYSE:HES) stock in their portfolio include iShares U.S. Oil & Gas Exploration & Production ETF (IEO), Invesco S&P 500 Equal Weight Energy ETF (RSPG), Invesco S&P 500 Equal Weight Energy ETF (RYE), Invesco Dorsey Wright Energy Momentum ETF (PXI), First Trust Natural Gas ETF (FCG), Energy Select Sector SPDR Fund (XLE), Proshares Equities For Rising Rates ETF (EQRR) and iShares U.S. Energy ETF (IYE).

Hess (NYSE:HES) pays an annual dividend of $1.75 per share and currently has a dividend yield of 1.17%. 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 33.52%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HES will have a dividend payout ratio of 19.27% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HES.

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.

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).

Hess trades on the New York Stock Exchange (NYSE) under the ticker symbol "HES."

Hess' stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (7.71%), State Street Corp (5.75%), Capital World Investors (3.19%), Bank of New York Mellon Corp (2.00%), Geode Capital Management LLC (1.90%) and Fisher Asset Management LLC (1.03%). Insiders that own company stock include Andrew P Slentz, Barbara J Lowery-Yilmaz, Corp Hess, Geurt G Schoonman, Gregory P Hill, Gregory P Hill, John B Hess, John B Hess, John P Rielly, Michael Mcknight, Richard D Lynch, Sami A Siddiqui and Timothy B Goodell.
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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.
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One share of HES stock can currently be purchased for approximately $150.12.

Hess (NYSE:HES) has a market capitalization of $46.10 billion and generates $11.57 billion in revenue each year. The oil and gas producer earns $2.10 billion in net income (profit) each year or $5.22 on an earnings per share basis.

The company employs 1,623 workers across the globe.

Hess' mailing address is 1185 AVENUE OF THE AMERICAS, NEW YORK NY, 10036. The official website for the company is www.hess.com. The oil and gas producer can be reached via phone at (212) 997-8500, via email at investorrelations@hess.com, or via fax at 212-536-8390.