Hess Stock Price, Forecast & Analysis (NYSE:HES)

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

Hess announced a quarterly dividend on Wednesday, September 4th. Stockholders of record on Monday, September 16th will be given a dividend of $0.25 per share on Monday, September 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend is Friday, September 13th. View Hess' Dividend History.

Hess announced that its Board of Directors has initiated a share buyback plan on Thursday, March 8th 2018, which permits the company to repurchase $1,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board believes its stock is undervalued.

Hess Corp. (NYSE:HES) posted its quarterly earnings data on Wednesday, October, 30th. The oil and gas producer reported ($0.32) EPS for the quarter, meeting the consensus estimate of ($0.32). The oil and gas producer had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.52 billion. Hess had a negative net margin of 2.82% and a negative return on equity of 1.62%. The company's revenue for the quarter was down 17.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.38 EPS. View Hess' Earnings History.

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

16 Wall Street analysts have issued 1-year price objectives for Hess' stock. Their forecasts range from $53.00 to $93.00. On average, they anticipate Hess' stock price to reach $68.45 in the next twelve months. This suggests that the stock has a possible downside of 0.7%. View Analyst Price Targets for Hess.

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Hess in the last year. There are currently 4 sell ratings, 7 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Hess.

Media headlines about HES stock have been trending somewhat positive recently, InfoTrie Sentiment reports. InfoTrie ranks the sentiment of news coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Hess earned a news impact score of 1.1 on InfoTrie's scale. They also assigned news articles about the oil and gas producer a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the immediate 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 trading volume of 2,970,000 shares, the days-to-cover ratio is presently 4.6 days. Approximately 5.1% of the company's shares are short sold. View Hess' Current Options Chain.

Some companies that are related to Hess include China Petroleum & Chemical (SNP), Equinor ASA (EQNR), ConocoPhillips (COP), Phillips 66 (PSX), Suncor Energy (SU), Marathon Petroleum (MPC), Valero Energy (VLO), Repsol (REPYY), HollyFrontier (HFC), CVR Energy (CVI), PBF Energy (PBF), YPF (YPF), 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), Citigroup (C), Celgene (CELG), Schlumberger (SLB) and Freeport-McMoRan (FCX).

Hess' stock is owned by a variety of of institutional and retail investors. Top institutional investors include 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%), Kornitzer Capital Management Inc. KS (0.34%) and Artemis Investment Management LLP (0.29%). 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, State of Alaska Department of Revenue, Nisa Investment Advisors LLC, State of Tennessee Treasury Department, Cerebellum GP LLC and Cerebellum GP 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 $68.97.

Hess has a market capitalization of $21.02 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]