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Seagen, Activision Blizzard rise; Scholastic, Intel fall, Friday, 9/22/2023
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
Enterprise Products: 7.33% Yield and 26-Years of Dividend Growth
Options Trading Plan–Perfect For Beginners (Ad)
Stock market today: Wall Street closes its worst week in six months with more losses
A Tech Stock You've Never Heard Of Just Hit The Rally Button
Options Trading Plan–Perfect For Beginners (Ad)
Challenges Hit Broadcom Stock, But Analysts See EPS Growth
Is New IPO Instacart Already Hitting Speed Bumps?
Options Trading Plan–Perfect For Beginners (Ad)
Prospect Capital Corporation: A Gold Nugget or Value Trap?
Seagen, Activision Blizzard rise; Scholastic, Intel fall, Friday, 9/22/2023
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
Enterprise Products: 7.33% Yield and 26-Years of Dividend Growth
Options Trading Plan–Perfect For Beginners (Ad)
Stock market today: Wall Street closes its worst week in six months with more losses
A Tech Stock You've Never Heard Of Just Hit The Rally Button
Options Trading Plan–Perfect For Beginners (Ad)
Challenges Hit Broadcom Stock, But Analysts See EPS Growth
Is New IPO Instacart Already Hitting Speed Bumps?
Options Trading Plan–Perfect For Beginners (Ad)
Prospect Capital Corporation: A Gold Nugget or Value Trap?
Seagen, Activision Blizzard rise; Scholastic, Intel fall, Friday, 9/22/2023
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
Enterprise Products: 7.33% Yield and 26-Years of Dividend Growth
Options Trading Plan–Perfect For Beginners (Ad)
Stock market today: Wall Street closes its worst week in six months with more losses
A Tech Stock You've Never Heard Of Just Hit The Rally Button
Options Trading Plan–Perfect For Beginners (Ad)
Challenges Hit Broadcom Stock, But Analysts See EPS Growth
Is New IPO Instacart Already Hitting Speed Bumps?
Options Trading Plan–Perfect For Beginners (Ad)
Prospect Capital Corporation: A Gold Nugget or Value Trap?
Seagen, Activision Blizzard rise; Scholastic, Intel fall, Friday, 9/22/2023
NYSE:HES

Hess (HES) Stock Forecast, Price & News

$150.12
-0.81 (-0.54%)
(As of 09/22/2023 ET)
Compare
Today's Range
$150.00
$153.09
50-Day Range
$134.50
$164.88
52-Week Range
$100.34
$165.43
Volume
1.54 million shs
Average Volume
1.70 million shs
Market Capitalization
$46.10 billion
P/E Ratio
28.76
Dividend Yield
1.17%
Price Target
$169.12

Hess MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
12.7% Upside
$169.12 Price Target
Short Interest
Healthy
1.12% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-7.49
Upright™ Environmental Score
News Sentiment
0.77mentions of Hess in the last 14 days
Based on 9 Articles This Week
Insider Trading
Selling Shares
$8.87 M Sold Last Quarter
Proj. Earnings Growth
106.36%
From $4.40 to $9.08 Per Share

Overall MarketRank

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

3.00 out of 5 stars

Oils/Energy Sector

33rd out of 227 stocks

Petroleum Refining Industry

3rd out of 16 stocks


HES stock logo

About Hess (NYSE:HES) Stock

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 Price History

HES Stock News Headlines

Mizuho Boosts Hess (NYSE:HES) Price Target to $178.00
66,000% upside on tiny biotech?
The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
Q3 2023 EPS Estimates for Hess Co. Lifted by Analyst (NYSE:HES)
Hess Unusual Options Activity
Hess (NYSE:HES) Is Experiencing Growth In Returns On Capital
66,000% upside on tiny biotech?
The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
Hess Corp.
Hess Declares Quarterly Dividend
Hess Corp. stock rises Thursday, outperforms market
Susan (Hess) Lorentz
No. 1 Fort Hill steamrolls Northern, 35-0
See More Headlines
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HES Company Calendar

Ex-Dividend for 6/30 Dividend
6/14/2023
Dividend Payable
6/30/2023
Last Earnings
7/26/2023
Ex-Dividend for 9/29 Dividend
9/15/2023
Today
9/22/2023
Dividend Payable
9/29/2023
Next Earnings (Estimated)
10/25/2023
Fiscal Year End
12/31/2023

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 Forecast
$169.12
High Stock Price Forecast
$206.00
Low Stock Price Forecast
$140.00
Forecasted Upside/Downside
+12.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
15 Analysts

Profitability

Net Income
$2.10 billion
Pretax Margin
24.86%

Debt

Sales & Book Value

Annual Sales
$11.57 billion
Cash Flow
$12.17 per share
Book Value
$27.56 per share

Miscellaneous

Free Float
276,570,000
Market Cap
$46.10 billion
Optionable
Optionable
Beta
1.58

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Key Executives

  • Mr. John B. HessMr. John B. Hess (Age 69)
    CEO & Director
    Comp: $4.04M
  • Mr. John P. RiellyMr. John P. Rielly (Age 61)
    Exec. VP & CFO
    Comp: $1.71M
  • Mr. Gregory P. HillMr. Gregory P. Hill (Age 62)
    COO and Pres of Exploration & Production
    Comp: $2.72M
  • Mr. Timothy B. GoodellMr. Timothy B. Goodell (Age 66)
    Exec. VP, Gen. Counsel, Corp. Sec. & Chief Compliance Officer
    Comp: $1.69M
  • Ms. Barbara J. Lowery-YilmazMs. Barbara J. Lowery-Yilmaz (Age 66)
    Sr. VP & Chief Exploration Officer
    Comp: $1.23M
  • Mr. Richard  LynchMr. Richard Lynch (Age 65)
    Sr. VP of Technology & Services
  • Mr. Jay R. Wilson (Age 77)
    VP of Investor Relations
  • Lorrie Hecker
    VP of Communications
  • Mr. Andrew P. SlentzMr. Andrew P. Slentz (Age 61)
    Sr. VP of HR & Office Management
  • Jonathan C. Stein
    Sr. VP, CFO of Midstream & Chief Risk Officer













HES Stock - Frequently Asked Questions

Should I buy or sell Hess stock right now?

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.
View HES analyst ratings
or view top-rated stocks.

What is Hess' stock price forecast for 2023?

15 brokers have issued twelve-month price objectives for Hess' stock. Their HES share price forecasts range from $140.00 to $206.00. On average, they expect the company's stock price to reach $169.12 in the next twelve months. 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.

How have HES shares performed in 2023?

Hess' stock was trading at $141.82 at the beginning of 2023. Since then, HES stock has increased by 5.9% and is now trading at $150.12.
View the best growth stocks for 2023 here
.

Are investors shorting Hess?

Hess saw a decline in short interest during the month of August. As of August 31st, there was short interest totaling 3,100,000 shares, a decline of 19.7% from the August 15th total of 3,860,000 shares. Based on an average trading volume of 1,660,000 shares, the days-to-cover ratio is currently 1.9 days. Approximately 1.1% of the shares of the company are short sold.
View Hess' Short Interest
.

When is Hess' next earnings date?

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

How were Hess' earnings last quarter?

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

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

Hess declared a quarterly dividend on Wednesday, September 6th. Investors of record on Monday, September 18th will be paid a dividend of $0.4375 per share on Friday, September 29th. This represents a $1.75 annualized dividend and a dividend yield of 1.17%. 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 1.12%. 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.

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).

What is Hess' stock symbol?

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

Who are Hess' major shareholders?

Hess' stock is owned by many different retail and institutional 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.
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.

What is Hess' stock price today?

One share of HES stock can currently be purchased for approximately $150.12.

How much money does Hess make?

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.

How many employees does Hess have?

The company employs 1,623 workers across the globe.

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
How can I contact Hess?

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.

This page (NYSE:HES) was last updated on 9/23/2023 by MarketBeat.com Staff

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