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NYSE:HES

Hess - HES Stock Forecast, Price & News

$111.29
-0.85 (-0.76%)
(As of 08/12/2022 10:15 AM ET)
Add
Compare
Today's Range
$110.48
$112.45
50-Day Range
$94.19
$129.64
52-Week Range
$61.93
$131.43
Volume
7,433 shs
Average Volume
1.80 million shs
Market Capitalization
$34.46 billion
P/E Ratio
23.63
Dividend Yield
1.39%
Price Target
$133.92

Hess MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.83 Rating Score
Upside/​Downside
19.3% Upside
$133.92 Price Target
Short Interest
Healthy
2.62% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-7.49
Upright™ Environmental Score
News Sentiment
0.10mentions of Hess in the last 14 days
Based on 23 Articles This Week
Insider Trading
Selling Shares
$4.65 M Sold Last Quarter
Proj. Earnings Growth
34.99%
From $9.26 to $12.50 Per Share

Overall MarketRank

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

2.80 out of 5 stars

Oils/Energy Sector

38th out of 256 stocks

Petroleum Refining Industry

5th out of 20 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 recently commented on HES shares. Raymond James boosted their price objective on Hess from $112.00 to $140.00 and gave the company an "outperform" rating in a report on Monday, April 25th. Morgan Stanley decreased their price objective on Hess from $141.00 to $135.00 and set an "overweight" rating for the company in a report on Tuesday, July 19th. Piper Sandler boosted their price objective on Hess from $161.00 to $165.00 and gave the company an "overweight" rating in a report on Tuesday, July 19th. Citigroup downgraded Hess from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $126.00 to $100.00 in a report on Friday, June 24th. Finally, Barclays decreased their price objective on Hess from $153.00 to $149.00 and set an "overweight" rating for the company in a report on Friday, July 15th. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $133.92.

Hess Trading Up 4.2 %

Shares of Hess stock opened at $112.14 on Friday. The stock has a fifty day simple moving average of $107.92 and a 200 day simple moving average of $105.47. Hess has a 12-month low of $61.93 and a 12-month high of $131.43. The company has a market capitalization of $34.72 billion, a P/E ratio of 23.81 and a beta of 1.61. The company has a current ratio of 1.69, a quick ratio of 1.55 and a debt-to-equity ratio of 1.10.

Hess (NYSE:HES - Get Rating) last announced its quarterly earnings data on Wednesday, July 27th. The oil and gas producer reported $2.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.14 by $0.01. The firm had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $2.60 billion. Hess had a return on equity of 20.25% and a net margin of 15.53%. The business's revenue for the quarter was up 87.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.24 EPS. On average, sell-side analysts anticipate that Hess will post 9.26 earnings per share for the current fiscal year.

Hess Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Wednesday, June 15th were paid a $0.375 dividend. The ex-dividend date was Tuesday, June 14th. This represents a $1.50 dividend on an annualized basis and a yield of 1.34%. Hess's dividend payout ratio (DPR) is presently 31.85%.

Insider Buying and Selling at Hess

In other Hess news, SVP Barbara J. Lowery-Yilmaz sold 36,260 shares of the company's stock in a transaction on Thursday, June 9th. The stock was sold at an average price of $128.29, for a total value of $4,651,795.40. Following the completion of the transaction, the senior vice president now owns 95,624 shares in the company, valued at approximately $12,267,602.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 9.93% of the company's stock.

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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
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
8/12/2022
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
+20.3%
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
$7.37 per share
Book Value
$25.06 per share

Miscellaneous

Free Float
278,870,000
Market Cap
$34.46 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" HES shares.
View HES analyst ratings
or view top-rated stocks.

What is Hess' stock price forecast for 2022?

12 analysts have issued 12-month price targets for Hess' shares. Their HES share price forecasts range from $88.00 to $165.00. On average, they anticipate the company's share price to reach $133.92 in the next twelve months. This suggests a possible upside of 19.4% 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 2022?

Hess' stock was trading at $74.03 at the beginning of the year. Since then, HES shares have increased by 51.5% and is now trading at $112.14.
View the best growth stocks for 2022 here
.

Are investors shorting Hess?

Hess saw a increase in short interest in July. As of July 31st, there was short interest totaling 7,350,000 shares, an increase of 18.0% from the July 15th total of 6,230,000 shares. Based on an average daily trading volume, of 2,400,000 shares, the short-interest ratio is currently 3.1 days. Currently, 2.6% of the shares of the stock are sold short.
View Hess' Short Interest
.

When is Hess' next earnings date?

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

How were Hess' earnings last quarter?

Hess Co. (NYSE:HES) issued its earnings results on Wednesday, July, 27th. The oil and gas producer reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.14 by $0.01. The oil and gas producer had revenue of $2.99 billion for the quarter, compared to analysts' expectations 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 quarterly revenue was up 87.0% compared to the same quarter last year. During the same period last year, the company posted $0.24 earnings per share.
Read the 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 given a dividend of $0.375 per share on Thursday, June 30th. This represents a $1.50 annualized dividend and a dividend yield of 1.34%. The ex-dividend date is Tuesday, June 14th.
Read our dividend analysis for HES
.

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 1.39%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 31.85%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HES will have a dividend payout ratio of 12.00% 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."

Who are Hess' major shareholders?

Hess' stock is owned by many different institutional and retail investors. Top institutional shareholders include Primecap Management Co. CA (3.01%), Swiss National Bank (0.39%), Jennison Associates LLC (0.34%), Keybank National Association OH (0.31%), Deutsche Bank AG (0.30%) and Russell Investments Group Ltd. (0.29%). Insiders that own company 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
.

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 $112.14.

How much money does Hess make?

Hess (NYSE:HES) has a market capitalization of $34.72 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?

The company 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 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 8/12/2022 by MarketBeat.com Staff

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