NYSE:HES - Hess Stock Price, Forecast & News

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

Hess declared a quarterly dividend on Friday, December 6th. Investors of record on Monday, December 16th will be paid a dividend of $0.25 per share on Tuesday, December 31st. This represents a $1.00 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend is Friday, December 13th. View Hess' Dividend History.

Hess declared that its board has authorized a share repurchase program on Thursday, March 8th 2018, which authorizes the company to buyback $1,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company's management believes its shares are undervalued.

Hess Corp. (NYSE:HES) released its earnings results on Wednesday, October, 30th. The oil and gas producer reported ($0.32) earnings per share for the quarter, meeting the consensus estimate of ($0.32). The oil and gas producer earned $1.52 billion during the quarter, compared to analysts' expectations of $1.52 billion. Hess had a negative net margin of 2.82% and a negative return on equity of 1.62%. Hess's revenue was down 17.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.38 earnings per share. View Hess' Earnings History.

Hess is scheduled to release their next quarterly earnings announcement on Wednesday, January 29th 2020. View Earnings Estimates for Hess.

14 equities research analysts have issued 12-month target prices for Hess' stock. Their forecasts range from $53.00 to $93.00. On average, they expect Hess' share price to reach $71.11 in the next year. This suggests a possible upside of 15.2% from the stock's current price. View Analyst Price Targets for Hess.

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Hess in the last year. There are currently 3 sell ratings, 6 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Hess.

Press coverage about HES stock has trended somewhat negative this week, according to InfoTrie. The research group scores the sentiment of media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Hess earned a news sentiment score of -1.2 on InfoTrie's scale. They also assigned press coverage about the oil and gas producer a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the company's share price in the near future. View News Stories for Hess.

Hess saw a increase in short interest in October. As of October 15th, there was short interest totalling 13,700,000 shares, an increase of 24.8% from the September 15th total of 10,980,000 shares. Based on an average daily trading volume, of 2,970,000 shares, the days-to-cover ratio is presently 4.6 days. Approximately 5.1% of the company's stock are short sold. View Hess' Current Options Chain.

Some companies that are related to Hess include ConocoPhillips (COP), China Petroleum & Chemical (SNP), Equinor ASA (EQNR), Phillips 66 (PSX), Suncor Energy (SU), Marathon Petroleum (MPC), Valero Energy (VLO), Repsol (REPYY), HollyFrontier (HFC), CVR Energy (CVI), YPF (YPF), PBF Energy (PBF), Delek US (DK), Calumet Specialty Products Partners, L.P (CLMT) and Trecora Resources (TREC).

Based on aggregate information from My MarketBeat watchlists, some companies that other Hess investors own include Puma Biotechnology (PBYI), BioMarin Pharmaceutical (BMRN), Medivation (MDVN), Incyte (INCY), Intrexon (XON), First Solar (FSLR), Boeing (BA), Schlumberger (SLB), Freeport-McMoRan (Fcx) and Alibaba Group (BABA).

Hess' stock is owned by a variety of of institutional and retail investors. Top institutional investors include State Street Corp (4.21%), Fisher Asset Management LLC (0.78%), Massachusetts Financial Services Co. MA (0.49%), Letko Brosseau & Associates Inc. (0.38%), Sumitomo Mitsui Trust Holdings Inc. (0.36%) and Kornitzer Capital Management Inc. KS (0.34%). Company insiders that own Hess stock include Andrew P Slentz, Barbara J Lowery-Yilmaz, Gregory P Hill, John B Hess, John P Rielly, Kevin Omar Meyers, Michael R Turner, Richard D Lynch, Risa J Lavizzo-Mourey and Timothy B Goodell. View Institutional Ownership Trends for Hess.

HES stock was sold by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Artemis Investment Management LLP, Teacher Retirement System of Texas, Massachusetts Financial Services Co. MA, Waratah Capital Advisors Ltd., Letko Brosseau & Associates Inc., Sumitomo Mitsui Trust Holdings Inc. and British Airways Pensions Investment Management Ltd. Company insiders that have sold Hess company stock in the last year include Andrew P Slentz, Barbara J Lowery-Yilmaz, Gregory P Hill, John B Hess, John P Rielly, Michael R Turner, Richard D Lynch and Timothy B Goodell. View Insider Buying and Selling for Hess.

HES stock was bought by a variety of institutional investors in the last quarter, including Great Lakes Advisors LLC, Fisher Asset Management LLC, State of New Jersey Common Pension Fund D, CastleArk Alternatives LLC, State of Alaska Department of Revenue, Castleark Management LLC, Nisa Investment Advisors LLC and Squarepoint Ops LLC. Company insiders that have bought Hess stock in the last two years include Kevin Omar Meyers and Risa J Lavizzo-Mourey. View Insider Buying and Selling for Hess.

Shares of HES can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of HES stock can currently be purchased for approximately $61.75.

Hess has a market capitalization of $18.82 billion and generates $6.47 billion in revenue each year. The oil and gas producer earns $-282,000,000.00 in net income (profit) each year or ($0.74) on an earnings per share basis. Hess employs 1,708 workers across the globe.View Additional Information About Hess.

The official website for Hess is http://www.hess.com/.

Hess' mailing address is 1185 AVENUE OF THE AMERICAS, NEW YORK NY, 10036. The oil and gas producer can be reached via phone at 212-997-8500 or via email at [email protected]