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
Phone212-997-8500
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$5.41 billion
Profitability
Miscellaneous
Employees2,075
OptionableOptionable
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 Wednesday, December 5th. Stockholders of record on Monday, December 17th will be paid a dividend of $0.25 per share on Monday, December 31st. This represents a $1.00 annualized dividend and a dividend yield of 1.89%. The ex-dividend date is Friday, December 14th. View Hess' Dividend History.
How will Hess' stock buyback program work?
Hess declared that its board has approved a share repurchase program on Thursday, March 8th 2018, which authorizes the company to buyback $1,000,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership believes its stock is undervalued.
How were Hess' earnings last quarter?
Hess Corp. (NYSE:HES) announced its earnings results on Wednesday, October, 31st. The oil and gas producer reported $0.38 EPS for the quarter, beating the consensus estimate of ($0.05) by $0.43. The oil and gas producer earned $1.83 billion during the quarter, compared to analysts' expectations of $1.54 billion. Hess had a negative return on equity of 2.65% and a negative net margin of 47.06%. The company's revenue was up 11.2% on a year-over-year basis. During the same period in the prior year, the company earned ($1.07) earnings per share. View Hess' Earnings History.
When is Hess' next earnings date?
How can I listen to Hess' earnings call?
Hess will be holding an earnings conference call on Wednesday, January 30th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8776936685.
What price target have analysts set for HES?
15 analysts have issued 1-year target prices for Hess' stock. Their predictions range from $50.00 to $89.00. On average, they expect Hess' share price to reach $68.6429 in the next twelve months. This suggests a possible upside of 30.0% from the stock's current price. View Analyst Price Targets for Hess.
What is the consensus analysts' recommendation for Hess?
15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Hess in the last year. There are currently 2 sell ratings, 7 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Hess.
Has Hess been receiving favorable news coverage?
News coverage about HES stock has trended somewhat positive this week, according to InfoTrie Sentiment. InfoTrie identifies positive and negative news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Hess earned a media sentiment score of 1.7 on InfoTrie's scale. They also assigned media headlines about the oil and gas producer a news buzz of 1.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the next several days.
Are investors shorting Hess?
Hess saw a increase in short interest during the month of December. As of December 14th, there was short interest totalling 19,939,816 shares, an increase of 18.9% from the November 30th total of 16,773,037 shares. Based on an average daily trading volume, of 4,653,804 shares, the days-to-cover ratio is presently 4.3 days. Approximately 7.7% of the company's shares are sold short. View Hess' Current Options Chain.
Who are some of Hess' key competitors?
Some companies that are related to Hess include Suncor Energy (SU), Marathon Petroleum (MPC), Phillips 66 (PSX), Valero Energy (VLO), Repsol (REPYY), HollyFrontier (HFC), YPF (YPF), PBF Energy (PBF), CVR Energy (CVI), Delek US (DK), CVR Refining (CVRR), BP Prudhoe Bay Royalty Trust (BPT), Calumet Specialty Products Partners, L.P (CLMT), Trecora Resources (TREC) and Vertex Energy (VTNR).
Who are Hess' key executives?
Hess' management team includes the folowing people:
- Mr. John B. Hess, CEO & Director (Age 65)
- Mr. Gregory P. Hill, Pres & COO (Age 58)
- Mr. John P. Rielly, CFO & Sr. VP (Age 57)
- Mr. Timothy B. Goodell, Sr. VP, Gen. Counsel & Sec. (Age 62)
- Mr. Michael R. Turner, Sr. VP of Production (Age 60)
Who are Hess' major shareholders?
Hess' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Packer & Co Ltd (0.46%), Trinity Street Asset Management LLP (0.26%), Arvest Bank Trust Division (0.06%), Nisa Investment Advisors LLC (0.03%), DFT Energy LP (0.03%) and Gateway Investment Advisers LLC (0.02%). 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 major investors are selling Hess stock?
HES stock was sold by a variety of institutional investors in the last quarter, including DFT Energy LP, Virtu Financial LLC, Nisa Investment Advisors LLC, Louisiana State Employees Retirement System, Gateway Investment Advisers LLC, Alpha Windward LLC and Arvest Bank Trust Division. Company insiders that have sold Hess company stock in the last year include Gregory P Hill, John B Hess, John P Rielly, Michael R Turner and Timothy B Goodell. View Insider Buying and Selling for Hess.
Which major investors are buying Hess stock?
HES stock was acquired by a variety of institutional investors in the last quarter, including Trinity Street Asset Management LLP, Packer & Co Ltd, QUANTRES ASSET MANAGEMENT Ltd, State of Alaska Department of Revenue, Meeder Asset Management Inc., Fruth Investment Management and DNB Asset Management AS. 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 $52.81.
How big of a company is Hess?
Hess has a market capitalization of $15.36 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.
What is Hess' official website?
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 (NYSE 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.
