Hess Corporation, an exploration and production company, develops, produces, purchases, transports, and sells crude oil, natural gas liquids (NGLs), and natural gas. It operates through two segments, Exploration and Production, and Midstream. The company conducts production operations primarily in the United States, Denmark, the Malaysia/Thailand Joint Development Area, and Malaysia; and exploration activities primarily offshore Guyana, Suriname, Canada, and in the Gulf of Mexico. As of December 31, 2017, it had total proved reserves of 1,154 million barrels of oil equivalent. The company is also involved in crude oil and natural gas gathering, processing of natural gas and the fractionation of NGLs, transportation of crude oil by rail car, terminaling and loading crude oil and natural gas liquids, and the storage and terminaling of propane primarily in the Bakken and Three Forks Shale plays in the Williston Basin area of North Dakota. The company was founded in 1920 and is headquartered in New York, New York.
Industry, Sector and Symbol
Industry Petroleum refining
Sub-IndustryIntegrated Oil & Gas
SectorOils/Energy
SymbolNYSE:HES
CUSIP42809H10
Phone212-997-8500
Debt
Debt-to-Equity Ratio0.53
Current Ratio2.63
Quick Ratio2.51
Price-To-Earnings
Trailing P/E Ratio-13.59
Forward P/E Ratio-64.58
P/E GrowthN/A
Sales & Book Value
Annual Sales$5.41 billion
Price / Sales3.48
Cash Flow$4.7419 per share
Price / Cash13.21
Book Value$38.88 per share
Price / Book1.61
Profitability
EPS (Most Recent Fiscal Year)($4.61)
Net Income$-4,074,000,000.00
Net Margins-69.10%
Return on Equity-8.54%
Return on Assets-4.62%
Miscellaneous
Employees2,075
Outstanding Shares300,110,000
Hess (NYSE:HES) Frequently Asked Questions
What is Hess' stock symbol?
Hess trades on the New York Stock Exchange (NYSE) under the ticker symbol "HES."
How often does Hess pay dividends? What is the dividend yield for Hess?
Hess declared a quarterly dividend on Tuesday, June 5th. Investors of record on Monday, June 18th will be paid a dividend of $0.25 per share on Friday, June 29th. This represents a $1.00 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date is Friday, June 15th. View Hess' Dividend History.
How will Hess' stock buyback program work?
Hess declared that its board has approved a stock repurchase program 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. Shares repurchase programs are typically an indication that the company's leadership believes its stock is undervalued.
How were Hess' earnings last quarter?
Hess Corp. (NYSE:HES) posted its earnings results on Wednesday, April, 25th. The oil and gas producer reported ($0.27) EPS for the quarter, topping analysts' consensus estimates of ($0.50) by $0.23. The oil and gas producer had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.23 billion. Hess had a negative return on equity of 8.54% and a negative net margin of 69.10%. The company's revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period in the prior year, the company posted ($1.07) earnings per share. View Hess' Earnings History.
When is Hess' next earnings date?
What price target have analysts set for HES?
16 brokers have issued 12-month target prices for Hess' shares. Their forecasts range from $44.00 to $64.00. On average, they anticipate Hess' share price to reach $51.5027 in the next year. View Analyst Ratings for Hess.
Who are some of Hess' key competitors?
Some companies that are related to Hess include Suncor Energy (SU), Phillips 66 (PSX), Valero Energy (VLO), Marathon Petroleum (MPC), Repsol (REPYY), Andeavor (ANDV), HollyFrontier (HFC), YPF (YPF), PBF Energy (PBF), Delek US (DK), CVR Refining (CVRR), CVR Energy (CVI), Calumet Specialty Products Partners, L.P (CLMT), BP Prudhoe Bay Royalty Trust (BPT) and Trecora Resources (TREC).
Who are Hess' key executives?
Hess' management team includes the folowing people:
- Mr. John B. Hess, CEO & Director (Age 64)
- Mr. Gregory P. Hill, Pres & COO (Age 57)
- Mr. John P. Rielly, CFO & Sr. VP (Age 56)
- Mr. Timothy B. Goodell, Sr. VP, Gen. Counsel & Sec. (Age 61)
- Mr. Michael R. Turner, Sr. VP of Production (Age 59)
Has Hess been receiving favorable news coverage?
Media coverage about HES stock has trended somewhat positive this week, Accern Sentiment reports. The research group ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Hess earned a news sentiment score of 0.14 on Accern's scale. They also assigned news headlines about the oil and gas producer an impact score of 46.91 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company's share price in the next few days.
Who are Hess' major shareholders?
Hess' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Artisan Partners Limited Partnership (1.72%), Barrow Hanley Mewhinney & Strauss LLC (1.39%), Northern Trust Corp (1.01%), Levin Capital Strategies L.P. (1.00%), Dimensional Fund Advisors LP (0.81%) and Massachusetts Financial Services Co. MA (0.57%). Company insiders that own Hess stock include Barbara J Lowery-Yilmaz, Brian D Truelove, Gregory P Hill, John B Hess, John P Rielly, Kevin Omar Meyers, Michael R Turner, Timothy B Goodell and William G Schrader. View Institutional Ownership Trends for Hess.
Which institutional investors are selling Hess stock?
HES stock was sold by a variety of institutional investors in the last quarter, including Levin Capital Strategies L.P., Arosa Capital Management LP, OppenheimerFunds Inc., Great West Life Assurance Co. Can, DekaBank Deutsche Girozentrale, Artisan Partners Limited Partnership, Swiss National Bank and Northern Trust Corp. Company insiders that have sold Hess company stock in the last year include Barbara J Lowery-Yilmaz, Brian D Truelove, Gregory P Hill, John B Hess, John P Rielly, Michael R Turner and Timothy B Goodell. View Insider Buying and Selling for Hess.
Which institutional investors are buying Hess stock?
HES stock was acquired by a variety of institutional investors in the last quarter, including Elephas Investment Management Ltd, State of Wisconsin Investment Board, KBC Group NV, Central Securities Corp, Seven Eight Capital LP, Centenus Global Management LP, Arvest Bank Trust Division and Candriam Luxembourg S.C.A.. Company insiders that have bought Hess stock in the last two years include Kevin Omar Meyers and William G Schrader. View Insider Buying and Selling for Hess.
How do I buy shares of 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, Scottrade, Fidelity and Charles Schwab.
What is Hess' stock price today?
One share of HES stock can currently be purchased for approximately $62.64.
How big of a company is Hess?
Hess has a market capitalization of $18.49 billion and generates $5.41 billion in revenue each year. The oil and gas producer earns $-4,074,000,000.00 in net income (profit) each year or ($4.61) on an earnings per share basis. Hess employs 2,075 workers across the globe.
How can I contact Hess?
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]
MarketBeat Community Rating for Hess (HES)
MarketBeat's community ratings are surveys of what our community members think about Hess and other stocks. Vote "Outperform" if you believe HES will outperform the S&P 500 over the long term. Vote "Underperform" if you believe HES will underperform the S&P 500 over the long term. You may vote once every thirty days.
