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NYSE:HES

Hess (HES) Stock Forecast, Price & News

$149.04
-3.96 (-2.59%)
(As of 11:27 AM ET)
Compare
Today's Range
$148.39
$153.58
50-Day Range
$145.63
$164.88
52-Week Range
$113.40
$165.43
Volume
318,181 shs
Average Volume
1.70 million shs
Market Capitalization
$45.76 billion
P/E Ratio
28.55
Dividend Yield
1.17%
Price Target
$169.71

Hess MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
10.9% Upside
$169.71 Price Target
Short Interest
Healthy
1.46% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-7.49
Upright™ Environmental Score
News Sentiment
0.14mentions of Hess in the last 14 days
Based on 26 Articles This Week
Insider Trading
Selling Shares
$8.87 M Sold Last Quarter
Proj. Earnings Growth
106.79%
From $4.71 to $9.74 Per Share

Overall MarketRank

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

2.65 out of 5 stars

Oils/Energy Sector

55th out of 251 stocks

Petroleum Refining Industry

4th out of 17 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

Gold Could Be Heading for Record Highs - But How to Play It?
According to FX Empire, the gold forecast is now bullish, with support for a $3,000 target in 2024. The big question is how to play it. Some investors are discovering a unique gold investment alternative that sidesteps the major issues with gold mining stocks or physical gold.
Bank of America Raises Hess (NYSE:HES) Price Target to $210.00
Gold Could Be Heading for Record Highs - But How to Play It?
According to FX Empire, the gold forecast is now bullish, with support for a $3,000 target in 2024. The big question is how to play it. Some investors are discovering a unique gold investment alternative that sidesteps the major issues with gold mining stocks or physical gold.
A Look Into Hess Inc's Price Over Earnings
Hess: The Future Of Oil And Gas
Possible Bearish Signals With Hess Insiders Disposing Stock
Hess Corporation: Time To Buy The Dip
Hess Unusual Options Activity
Hess (NYSE:HES) Is Experiencing Growth In Returns On Capital
See More Headlines
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HES Company Calendar

Last Earnings
7/26/2023
Ex-Dividend for 9/29 Dividend
9/15/2023
Dividend Payable
9/29/2023
Today
10/02/2023
Next Earnings (Estimated)
10/25/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Oil & Gas E&P
Sub-Industry
Integrated Oil & Gas
Sector
Energy
CUSIP
42809H10
CIK
4447
Employees
1,623
Year Founded
1933

Price Target and Rating

Average Stock Price Forecast
$169.71
High Stock Price Forecast
$210.00
Low Stock Price Forecast
$140.00
Forecasted Upside/Downside
+10.9%
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
$12.67 per share
Book Value
$27.56 per share

Miscellaneous

Free Float
276,570,000
Market Cap
$46.98 billion
Optionable
Optionable
Beta
1.58

Social Links

12 Stocks Corporate Insiders are Abandoning Cover

If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?

Get This Free Report

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 analysts have issued "buy," "hold," and "sell" ratings for Hess in the last year. There are currently 5 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street 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 12-month target prices for Hess' stock. Their HES share price forecasts range from $140.00 to $210.00. On average, they predict the company's stock price to reach $169.71 in the next twelve months. This suggests a possible upside of 10.9% 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 2023?

Hess' stock was trading at $141.82 at the beginning of the year. Since then, HES shares have increased by 7.9% and is now trading at $153.00.
View the best growth stocks for 2023 here
.

Are investors shorting Hess?

Hess saw a increase in short interest in September. As of September 15th, there was short interest totaling 4,050,000 shares, an increase of 30.6% from the August 31st total of 3,100,000 shares. Based on an average daily volume of 1,690,000 shares, the short-interest ratio is currently 2.4 days. Approximately 1.5% of the shares of the stock 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 earnings results on Wednesday, July, 26th. The oil and gas producer reported $0.65 earnings per share 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 trailing twelve-month return on equity of 19.56% and a net margin of 14.60%. Hess'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 announced 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 1.14%. 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 1.14%. 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 17.97% 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."

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 $153.00.

How much money does Hess make?

Hess (NYSE:HES) has a market capitalization of $46.98 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 10/2/2023 by MarketBeat.com Staff

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