S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
What's in Democrats' big bill? Climate, health care, savings
Demand for grocery delivery cools as food costs rise
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Dems push Biden climate, health priorities toward Senate OK
Bangladesh seeks China help to repatriate Rohingya refugees
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
What's in Democrats' big bill? Climate, health care, savings
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
Bangladesh seeks China help to repatriate Rohingya refugees
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
What's in Democrats' big bill? Climate, health care, savings
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
Bangladesh seeks China help to repatriate Rohingya refugees
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
What's in Democrats' big bill? Climate, health care, savings
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
Bangladesh seeks China help to repatriate Rohingya refugees
NYSE:HES

Hess - HES Stock Forecast, Price & News

$102.89
+3.03 (+3.03%)
(As of 08/5/2022 08:48 PM ET)
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Compare
Today's Range
$98.27
$104.27
50-Day Range
$94.19
$129.64
52-Week Range
$61.93
$131.43
Volume
1.54 million shs
Average Volume
2.67 million shs
Market Capitalization
$32.03 billion
P/E Ratio
21.85
Dividend Yield
1.46%
Price Target
$133.92

Hess MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.83 Rating Score
Upside/​Downside
30.2% Upside
$133.92 Price Target
Short Interest
Healthy
2.22% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-7.49
Upright™ Environmental Score
News Sentiment
0.19mentions of Hess in the last 14 days
Based on 18 Articles This Week
Insider Trading
Selling Shares
$4.65 M Sold Last Quarter
Proj. Earnings Growth
34.96%
From $9.41 to $12.70 Per Share

Overall MarketRank

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

3.31 out of 5 stars

Oils/Energy Sector

4th out of 336 stocks

Petroleum Refining Industry

1st out of 21 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. As of December 31, 2021, it had total proved reserves of 1,309 million barrels of oil equivalent. The company was incorporated in 1920 and is headquartered in New York, New York.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Mizuho lowered their price target on shares of Hess from $158.00 to $143.00 and set a "buy" rating on the stock in a report on Tuesday, July 19th. Susquehanna Bancshares upped their price target on shares of Hess from $118.00 to $138.00 and gave the company a "positive" rating in a report on Monday, April 25th. Morgan Stanley lowered their price target on shares of Hess from $141.00 to $135.00 and set an "overweight" rating on the stock in a report on Tuesday, July 19th. Raymond James upped their price target on shares of Hess from $112.00 to $140.00 and gave the company an "outperform" rating in a report on Monday, April 25th. Finally, Bank of America lowered their price target on shares of Hess from $180.00 to $160.00 and set a "buy" rating on the stock in a report on Tuesday, July 19th. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat, Hess currently has a consensus rating of "Moderate Buy" and an average target price of $133.92.

Hess Price Performance

Hess stock traded up $3.03 during midday trading on Friday, reaching $102.89. The company had a trading volume of 1,539,851 shares, compared to its average volume of 1,853,222. The company has a market capitalization of $32.03 billion, a P/E ratio of 21.85 and a beta of 1.61. Hess has a 12-month low of $61.93 and a 12-month high of $131.43. The firm's fifty day simple moving average is $109.03 and its 200-day simple moving average is $105.33. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.69 and a quick ratio of 1.31.

Hess (NYSE:HES - Get Rating) last released its quarterly earnings data on Wednesday, July 27th. The oil and gas producer reported $2.15 EPS for the quarter, beating analysts' consensus estimates of $2.14 by $0.01. The company had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $2.60 billion. Hess had a net margin of 15.53% and a return on equity of 20.25%. Hess's quarterly revenue was up 87.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.24 EPS. As a group, equities analysts anticipate that Hess will post 9.41 EPS for the current year.

Hess Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Wednesday, June 15th were issued a $0.375 dividend. The ex-dividend date of this dividend was Tuesday, June 14th. This represents a $1.50 dividend on an annualized basis and a yield of 1.46%. Hess's payout ratio is 31.85%.

Insider Buying and Selling at Hess

In other Hess news, SVP Barbara J. Lowery-Yilmaz sold 36,260 shares of the stock in a transaction dated Thursday, June 9th. The shares were sold at an average price of $128.29, for a total value of $4,651,795.40. Following the completion of the sale, the senior vice president now owns 95,624 shares in the company, valued at approximately $12,267,602.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 9.93% of the stock is owned by insiders.

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HES Stock News Headlines

How Is The Market Feeling About Hess?
Hess Midstream: Dividend Insights - Benzinga
Recap: Hess Q2 Earnings - Benzinga - Benzinga
Hess (HES) Tops Q2 Earnings and Revenue Estimates
Hess Announces Two More Discoveries Offshore Guyana
See More Headlines
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HES Company Calendar

Ex-Dividend for 6/30 Dividend
6/14/2022
Dividend Payable
6/30/2022
Last Earnings
7/27/2022
Today
8/07/2022
Next Earnings (Estimated)
10/26/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Petroleum refining
Sub-Industry
Integrated Oil & Gas
CUSIP
42809H10
CIK
4447
Employees
1,545
Year Founded
1933

Price Target and Rating

Average Stock Price Forecast
$133.92
High Stock Price Forecast
$165.00
Low Stock Price Forecast
$88.00
Forecasted Upside/Downside
+30.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.83
Research Coverage
12 Analysts

Profitability

Net Income
$559 million
Pretax Margin
28.43%

Debt

Sales & Book Value

Annual Sales
$7.58 billion
Cash Flow
$7.12 per share
Book Value
$24.92 per share

Miscellaneous

Free Float
280,355,000
Market Cap
$32.03 billion
Optionable
Optionable
Beta
1.61

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HES Stock - Frequently Asked Questions

Should I buy or sell Hess stock right now?

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Hess in the last twelve months. There are currently 2 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Hess stock.
View analyst ratings for Hess
or view top-rated stocks.

What is Hess' stock price forecast for 2022?

12 Wall Street analysts have issued 12 month target prices for Hess' stock. Their HES stock forecasts range from $88.00 to $165.00. On average, they anticipate Hess' share price to reach $133.92 in the next year. This suggests a possible upside of 30.2% from the stock's current price.
View analysts' price targets for Hess
or view top-rated stocks among Wall Street analysts.

How has Hess' stock performed in 2022?

Hess' stock was trading at $74.03 at the start of the year. Since then, HES stock has increased by 39.0% and is now trading at $102.89.
View the best growth stocks for 2022 here
.

When is Hess' next earnings date?

Hess is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our earnings forecast for Hess
.

How were Hess' earnings last quarter?

Hess Co. (NYSE:HES) issued its quarterly earnings data on Wednesday, July, 27th. The oil and gas producer reported $2.15 earnings per share for the quarter, topping analysts' consensus estimates of $2.14 by $0.01. The oil and gas producer had revenue of $2.99 billion for the quarter, compared to analyst estimates of $2.60 billion. Hess had a net margin of 15.53% and a trailing twelve-month return on equity of 20.25%. The company's revenue was up 87.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.24 earnings per share.
Read Hess' conference call transcript
.

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

Hess declared a quarterly dividend on Thursday, May 26th. Stockholders of record on Wednesday, June 15th will be paid a dividend of $0.375 per share on Thursday, June 30th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend is Tuesday, June 14th.
View Hess' dividend history
.

Is Hess a good dividend stock?

Hess(NYSE:HES) pays an annual dividend of $1.50 per share and currently has a dividend yield of 1.46%. Hess does not yet have a strong track record of dividend growth. The dividend payout ratio of Hess is 31.85%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Hess will have a dividend payout ratio of 11.81% next year. This indicates that Hess will be able to sustain or increase its dividend.
View Hess' dividend history.

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

200 employees have rated Hess CEO John B. Hess on Glassdoor.com. John B. Hess has an approval rating of 90% among Hess' 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 a variety of institutional and retail investors. Top institutional shareholders include Jennison Associates LLC (0.34%), Russell Investments Group Ltd. (0.29%), Sumitomo Mitsui Trust Holdings Inc. (0.26%), Artemis Investment Management LLP (0.24%), Kornitzer Capital Management Inc. KS (0.23%) and Packer & Co Ltd (0.23%). Company insiders that own Hess stock include Andrew P Slentz, Andrew P Slentz, Barbara J Lowery-Yilmaz, Geurt G Schoonman, Geurt G Schoonman, Gregory P Hill, Gregory P Hill, John B Hess, John B Hess, John P Rielly, Marc S Lipschultz, Michael Mcknight, Michael R Turner, Richard D Lynch, Sami A Siddiqui and Timothy B Goodell.
View institutional ownership trends for Hess
.

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 $102.89.

How much money does Hess make?

Hess (NYSE:HES) has a market capitalization of $32.03 billion and generates $7.58 billion in revenue each year. The oil and gas producer earns $559 million in net income (profit) each year or $4.71 on an earnings per share basis.

How many employees does Hess have?

Hess employs 1,545 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

When was Hess founded?

Hess was founded in 1933.

How can I contact Hess?

Hess' mailing address is 1185 AVENUE OF THE AMERICAS, NEW YORK NY, 10036. The official website for Hess 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 8/8/2022 by MarketBeat.com Staff

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