Hess Corporation Company Profile (NYSE:HES)

About Hess Corporation (NYSE:HES)

Hess Corporation logoHess Corporation is an exploration and production company. The Company is engaged in exploration, development, production, transportation, purchase and sale of crude oil, natural gas liquids (NGL) and natural gas. The Company's segments include Exploration and Production, and Bakken Midstream. Its Exploration and Production segment explores for, develops, produces, purchases and sells crude oil, NGLs and natural gas with production operations primarily in the United States, Denmark, Equatorial Guinea, the Malaysia/Thailand Joint Development Area (JDA), Malaysia and Norway. The Bakken Midstream segment provides fee-based services, including 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 NGLs, and the storage and terminaling of propane, primarily in the Bakken shale play of North Dakota.

Industry, Sector and Symbol:
  • Sector: Oils/Energy
  • Industry: Oil & Gas Refining and Marketing
  • Sub-Industry: Integrated Oil & Gas
  • Symbol: NYSE:HES
  • CUSIP: 42809H10
  • Web: www.hess.com
Capitalization:
  • Market Cap: $14.31 billion
  • Outstanding Shares: 317,844,000
Average Prices:
  • 50 Day Moving Avg: $43.95
  • 200 Day Moving Avg: $44.57
  • 52 Week Range: $37.25 - $65.56
P/E:
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: -13.44
  • P/E Growth: -1.89
Sales & Book Value:
  • Annual Revenue: $4.94 billion
  • Price / Sales: 2.90
  • Book Value: $43.83 per share
  • Price / Book: 1.03
Dividend:
  • Annual Dividend: $1.00
  • Dividend Yield: 2.2%
Profitability:
  • EBITDA: $1.45 billion
  • Net Margins: -118.07%
  • Return on Equity: -8.49%
  • Return on Assets: -4.77%
Debt:
  • Debt-to-Equity Ratio: 0.44%
  • Current Ratio: 2.02%
  • Quick Ratio: 1.84%
Misc:
  • Average Volume: 3.78 million shs.
  • Beta: 1.77
  • Short Ratio: 5.41
 

Frequently Asked Questions for Hess Corporation (NYSE:HES)

What is Hess Corporation's stock symbol?

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

How often does Hess Corporation pay dividends? What is the dividend yield for Hess Corporation?

Hess Corporation declared a quarterly dividend on Wednesday, September 6th. Stockholders of record on Monday, September 18th will be given a dividend of $0.25 per share on Friday, September 29th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date is Friday, September 15th. View Hess Corporation's Dividend History.

How were Hess Corporation's earnings last quarter?

Hess Corporation (NYSE:HES) issued its quarterly earnings data on Wednesday, July, 26th. The company reported ($1.46) EPS for the quarter, missing the Zacks' consensus estimate of ($1.32) by $0.14. The company had revenue of $1.23 billion for the quarter, compared to analysts' expectations of $1.19 billion. Hess Corporation had a negative return on equity of 8.49% and a negative net margin of 118.07%. The business's quarterly revenue was down 3.2% compared to the same quarter last year. During the same period in the prior year, the business earned ($1.10) earnings per share. View Hess Corporation's Earnings History.

When will Hess Corporation make its next earnings announcement?

Hess Corporation is scheduled to release their next quarterly earnings announcement on Wednesday, October, 25th 2017. View Earnings Estimates for Hess Corporation.

Where is Hess Corporation's stock going? Where will Hess Corporation's stock price be in 2017?

16 brokers have issued 1 year price objectives for Hess Corporation's shares. Their forecasts range from $45.00 to $80.00. On average, they anticipate Hess Corporation's share price to reach $51.85 in the next twelve months. View Analyst Ratings for Hess Corporation.

What are analysts saying about Hess Corporation stock?

Here are some recent quotes from research analysts about Hess Corporation stock:

  • 1. According to Zacks Investment Research, "Hess is among the leading producers of crude in the Bakken oil shale play in North Dakota. With crude prices improving from last year’s historical low marks after OPEC decided to curb output, we believe that Bakken play should contribute to the company’s production growth in the long run.  The company’s effort to downsize its business will go a long way in the current market of volatile commodity prices. As part of this initiative, it is focusing more on the U.S. as it exits some countries due to size disadvantages. Hess has also increased its 2017 capital budget by about 18% year over year to $2.3 billion. Although increasing capital spending amid improving oil prices looks attractive, the history for ROC investment is not at all favorable for investors. Moreover, the company’s price chart reveals that shares have underperformed the broader industry, over the last three months." (10/12/2017)
  • 2. KLR Group analysts commented, "We are increasing our HES target price $4 to $72 per share due to incrementally stronger Bakken midstream margins and NGL price realizations. Hess's mid-cycle capital yield is ~130% versus the industry median cash recycle ratio of ~140%. Our '17 production expectation of ~311 Mboepd is fractionally above company guidance (300-310 Mboepd)." (1/26/2017)

Who are some of Hess Corporation's key competitors?

Who are Hess Corporation's key executives?

Hess Corporation's management team includes the folowing people:

  • James H. Quigley, Chairman of the Board
  • John B. Hess Jr., Chief Executive Officer, Director
  • John P. Rielly, Senior Vice President, Chief Financial Officer
  • Gregory P. Hill, Executive Vice President, Chief Operating Officer, President - Exploration and Production
  • Timothy B. Goodell II, Senior Vice President, General Counsel
  • Andrew P. Slentz, Senior Vice President - Human Resources
  • Barbara Lowery-Yilmaz, Senior Vice President - Exploration
  • Brian D. Truelove, Senior Vice President - Global Services and Offshore
  • Michael R. Turner, Senior Vice President - Global Production and Onshore
  • Rodney Frank Chase CBE, Independent Director

Who owns Hess Corporation stock?

Hess Corporation's stock is owned by a number of of institutional and retail investors. Top institutional investors include Hermes Investment Management Ltd. (0.55%), APG Asset Management N.V. (0.51%), Barometer Capital Management Inc. (0.06%), State Treasurer State of Michigan (0.03%), Shell Asset Management Co. (0.01%) and Mutual of America Capital Management LLC (0.01%). Company insiders that own Hess Corporation stock include Barbara J Lowery-Yilmaz, Brian D Truelove, Gregory P Hill, John B Hess, John P Rielly, Kevin Omar Meyers, Michael R Turner, Mykel J Ziolo, Timothy B Goodell and William G Schrader. View Institutional Ownership Trends for Hess Corporation.

Who sold Hess Corporation stock? Who is selling Hess Corporation stock?

Hess Corporation's stock was sold by a variety of institutional investors in the last quarter, including APG Asset Management N.V., Exane Derivatives, State Treasurer State of Michigan, Mutual of America Capital Management LLC and Rockefeller Financial Services Inc.. Company insiders that have sold Hess Corporation 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 Corporation.

Who bought Hess Corporation stock? Who is buying Hess Corporation stock?

Hess Corporation's stock was bought by a variety of institutional investors in the last quarter, including Hermes Investment Management Ltd., Barometer Capital Management Inc. and Shell Asset Management Co.. Company insiders that have bought Hess Corporation stock in the last two years include John B Hess, Kevin Omar Meyers and William G Schrader. View Insider Buying and Selling for Hess Corporation.

How do I buy Hess Corporation stock?

Shares of Hess Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Hess Corporation's stock price today?

One share of Hess Corporation stock can currently be purchased for approximately $45.03.


MarketBeat Community Rating for Hess Corporation (NYSE HES)
Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  434 (Vote Outperform)
Underperform Votes:  477 (Vote Underperform)
Total Votes:  911
MarketBeat's community ratings are surveys of what our community members think about Hess Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Hess Corporation (NYSE:HES) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 1 Sell Rating, 9 Hold Ratings, 6 Buy Ratings
Consensus Rating:Hold (Score: 2.31)
Consensus Price Target: $51.85 (15.14% upside)
Consensus Price Target History for Hess Corporation (NYSE:HES)
Price Target History for Hess Corporation (NYSE:HES)
Analysts' Ratings History for Hess Corporation (NYSE:HES)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/18/2017Morgan StanleyBoost Price TargetEqual Weight$43.00 -> $49.00N/AView Rating Details
10/10/2017BMO Capital MarketsSet Price TargetHold$45.00N/AView Rating Details
9/14/2017J P Morgan Chase & CoDowngradeOverweight -> Neutral$52.00 -> $45.00LowView Rating Details
8/25/2017Piper Jaffray CompaniesSet Price TargetBuy$47.00LowView Rating Details
8/22/2017Cowen and CompanyReiterated RatingHold$50.00LowView Rating Details
8/11/2017ScotiabankSet Price TargetBuy$52.00MediumView Rating Details
7/21/2017Citigroup Inc.Lower Price TargetNeutral$55.00 -> $49.00LowView Rating Details
7/17/2017Wolfe ResearchDowngradeOutperform -> Market PerformLowView Rating Details
7/12/2017Barclays PLCReiterated RatingEqual Weight$61.00 -> $50.00MediumView Rating Details
6/27/2017Atlantic SecuritiesDowngradeOverweight -> Neutral$68.00 -> $45.00LowView Rating Details
6/21/2017Capital One Financial CorporationDowngradeEqual Weight -> Underweight$65.00 -> $50.00MediumView Rating Details
5/30/2017Goldman Sachs Group, Inc. (The)DowngradeBuy -> Neutral$69.00 -> $58.00HighView Rating Details
5/5/2017Wells Fargo & CompanyUpgradeMarket Perform -> Outperform$46.13 -> $45.84HighView Rating Details
4/29/2017KLR GroupReiterated RatingBuy$58.00 -> $60.00LowView Rating Details
4/14/2017Bank of America CorporationReiterated RatingBuy$80.00N/AView Rating Details
3/3/2017Evercore ISIDowngradeBuyN/AView Rating Details
10/3/2016NomuraReiterated RatingHold$56.00N/AView Rating Details
8/11/2016SimmonsReiterated RatingOverweightN/AView Rating Details
7/28/2016Credit Suisse GroupReiterated RatingHold$66.00N/AView Rating Details
5/3/2016Tigress FinancialDowngradeBuy -> NeutralN/AView Rating Details
4/19/2016Howard WeilBoost Price TargetSector Outperform$59.00 -> $69.00N/AView Rating Details
3/4/2016Iberia CapitalLower Price TargetSector Perform$63.00 -> $53.00N/AView Rating Details
2/5/2016Deutsche Bank AGReiterated RatingPositive -> Hold$60.00N/AView Rating Details
12/8/2015Mitsubishi UFJ Financial Group IncReiterated RatingOverweightN/AView Rating Details
11/17/2015Oppenheimer Holdings, Inc.DowngradeOutperform -> Market Perform$70.00N/AView Rating Details
(Data available from 10/22/2015 forward)

Earnings

Earnings History for Hess Corporation (NYSE:HES)
Earnings by Quarter for Hess Corporation (NYSE:HES)
Earnings History by Quarter for Hess Corporation (NYSE HES)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/25/2017($1.21)N/AView Earnings Details
7/26/2017Q2 2017($1.32)($1.46)$1.19 billion$1.23 billionViewN/AView Earnings Details
4/26/2017Q1 2017($1.10)($1.07)$1.34 billion$1.28 billionViewN/AView Earnings Details
1/25/2017Q416($1.08)($1.01)$1.23 billion$1.39 billionViewListenView Earnings Details
10/26/2016Q316($1.24)($1.12)$1.31 billion$1.20 billionViewListenView Earnings Details
7/27/2016Q216($1.24)($1.10)$1.25 billion$1.27 billionViewListenView Earnings Details
4/27/2016Q116($1.83)($1.72)$1.08 billion$993.00 millionViewListenView Earnings Details
1/27/2016Q415($1.47)($1.40)$1.56 billion$1.47 billionViewListenView Earnings Details
10/28/2015Q3($1.13)($1.03)$1.67 billion$1.69 billionViewListenView Earnings Details
7/29/2015Q215($0.72)($0.52)$1.58 billion$1.94 billionViewListenView Earnings Details
4/29/2015Q115($1.09)($0.98)$1.47 billion$1.54 billionViewListenView Earnings Details
1/28/2015Q414$0.29$0.18$2.34 billion$2.53 billionViewListenView Earnings Details
10/29/2014Q314$1.07$1.24$2.58 billion$2.80 billionViewListenView Earnings Details
7/30/2014Q214$1.20$1.38$2.63 billion$3.60 billionViewListenView Earnings Details
4/30/2014Q114$1.01$1.38$6.10 billion$5.50 billionViewListenView Earnings Details
1/29/2014Q413$1.30$0.96$2.45 billion$5.57 billionViewListenView Earnings Details
10/30/2013Q313$1.49$1.23$2.63 billion$2.70 billionViewListenView Earnings Details
7/31/2013Q2 2013$1.38$1.51$5.06 billion$4.11 billionViewListenView Earnings Details
4/24/2013Q1 2013$1.57$1.95$2.96 billion$4.12 billionViewListenView Earnings Details
1/30/2013Q4 2012$1.41$1.66$9.69 billion$9.70 billionViewListenView Earnings Details
11/2/2012Q312$1.19$1.64$9.25 billion$9.62 billionViewN/AView Earnings Details
7/25/2012$1.41$1.61ViewN/AView Earnings Details
4/25/2012$1.56$1.60ViewN/AView Earnings Details
1/25/2012$1.31($0.39)ViewN/AView Earnings Details
10/26/2011$1.41$0.88ViewN/AView Earnings Details
7/27/2011$2.00$1.78ViewN/AView Earnings Details
4/27/2011$1.87$2.74ViewN/AView Earnings Details
1/26/2011$1.25$0.18ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Hess Corporation (NYSE:HES)
2017 EPS Consensus Estimate: ($4.49)
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20171($0.87)($0.87)($0.87)
Q2 20171($1.19)($1.19)($1.19)
Q3 20171($1.21)($1.21)($1.21)
Q4 20171($1.22)($1.22)($1.22)
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Hess Corporation (NYSE:HES)
Most Recent Dividend:9/29/2017
Annual Dividend:$1.00
Dividend Yield:2.22%
Dividend Growth:12.60% (3 Year Average)
Payout Ratio:-5.18% (Trailing 12 Months of Earnings)
-20.96% (Based on This Year's Estimates)
-29.85% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Hess Corporation (NYSE:HES)

Dividend History by Quarter for Hess Corporation (NYSE HES)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
9/6/2017quarterly$0.252.42%9/15/20179/18/20179/29/2017
6/6/2017quarterly$0.252.23%6/14/20176/16/20176/30/2017
3/1/2017quarterly$0.251.93%3/13/20173/15/20173/31/2017
12/7/2016quarterly$0.251.62%12/15/201612/19/201612/30/2016
9/7/2016quarterly$0.251.9%9/15/20169/19/20169/30/2016
6/1/2016quarterly$0.251.69%6/15/20166/16/20166/30/2016
3/2/2016quarterly$0.252.08%3/15/20163/17/20163/31/2016
12/2/2015quarterly$0.251.8%12/15/201512/17/201512/31/2015
9/9/2015quarterly$0.251.85%9/17/20159/21/20159/30/2015
6/3/2015quarterly$0.251.51%6/12/20156/16/20156/30/2015
3/4/2015quarterly$0.251.36%3/17/20153/19/20153/31/2015
12/3/2014quarterly$0.251.31%12/15/201412/17/201412/31/2014
9/3/2014quarterly$0.251%9/12/20149/16/20149/30/2014
6/4/2014quarterly$0.251.08%6/12/20146/16/20146/30/2014
3/5/2014quarterly$0.251.23%3/18/20143/20/20143/31/2014
12/4/2013quarterly$0.251.23%12/13/201312/17/201312/31/2013
9/4/2013quarterly$0.251.31%9/12/20139/16/20139/30/2013
6/5/2013quarterly$0.100.59%6/13/20136/17/20136/28/2013
3/4/2013quarterly$0.100.57%3/13/20133/15/20133/29/2013
12/5/2012quarterly$0.1012/17/201212/31/2012
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Hess Corporation (NYSE:HES)
Insider Ownership Percentage: 11.80%
Institutional Ownership Percentage: 86.72%
Insider Trades by Quarter for Hess Corporation (NYSE:HES)
Institutional Ownership by Quarter for Hess Corporation (NYSE:HES)
Insider Trades by Quarter for Hess Corporation (NYSE:HES)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
9/18/2017Brian D. TrueloveInsiderSell6,000$42.53$255,180.00View SEC Filing  
8/24/2017Gregory P. HillCOOSell11,726$38.37$449,926.62View SEC Filing  
8/8/2017Barbara J. Lowery-YilmazInsiderSell3,873$43.47$168,359.31View SEC Filing  
3/7/2017Gregory P HillCOOSell5,668$51.03$289,238.04View SEC Filing  
3/7/2017John B HessCEOSell24,331$50.50$1,228,715.50View SEC Filing  
3/7/2017John P. RiellyCFOSell2,205$51.03$112,521.15View SEC Filing  
3/7/2017Michael R TurnerInsiderSell1,192$51.03$60,827.76View SEC Filing  
3/7/2017Timothy B GoodellSVPSell2,904$51.05$148,249.20View SEC Filing  
2/28/2017William G SchraderDirectorBuy484$51.71$25,027.64View SEC Filing  
2/3/2017John B. HessCEOSell43,711$53.77$2,350,340.47View SEC Filing  
2/3/2017Timothy B. GoodellSVPSell5,112$53.59$273,952.08View SEC Filing  
11/17/2016Gregory P. HillCOOSell2,951$51.78$152,802.78View SEC Filing  
11/4/2016Brian D. TrueloveInsiderSell5,000$47.41$237,050.00View SEC Filing  
8/8/2016Gregory P. HillCOOSell15,000$55.99$839,850.00View SEC Filing  
3/29/2016Brian D TrueloveSVPSell3,000$49.93$149,790.00View SEC Filing  
3/7/2016Gregory P HillCOOSell8,124$49.28$400,350.72View SEC Filing  
3/7/2016John P RiellyCFOSell5,707$49.28$281,240.96View SEC Filing  
3/7/2016Mykel J ZioloSVPSell2,929$49.28$144,341.12View SEC Filing  
3/1/2016William G SchraderDirectorBuy567$44.21$25,067.07View SEC Filing  
2/5/2016Gregory P. HillCOOSell12,524$39.36$492,944.64View SEC Filing  
2/5/2016John B. HessCEOBuy51,282$39.00$1,999,998.00View SEC Filing  
2/5/2016John P. RiellyCFOSell8,204$39.36$322,909.44View SEC Filing  
2/5/2016Kevin Omar MeyersDirectorBuy1,282$39.00$49,998.00View SEC Filing  
2/5/2016Michael R. TurnerSVPSell6,106$39.36$240,332.16View SEC Filing  
11/12/2015Gregory P HillCOOSell9,000$60.02$540,180.00View SEC Filing  
9/24/2015Robert N WilsonDirectorBuy3,000$49.76$149,280.00View SEC Filing  
9/11/2015John B HessCEOBuy143,900$52.27$7,521,653.00View SEC Filing  
9/10/2015John H Mullin IIIDirectorBuy7,000$54.49$381,430.00View SEC Filing  
8/13/2015Gregory P HillCOOSell4,300$58.61$252,023.00View SEC Filing  
6/18/2015Gregory P HillCOOSell6,500$69.76$453,440.00View SEC Filing  
4/14/2015Brian D TrueloveSVPSell1,000$74.29$74,290.00View SEC Filing  
3/11/2015Mark R WilliamsDirectorBuy7,300$69.51$507,423.00View SEC Filing  
2/12/2015Brian D TrueloveSVPSell2,278$72.68$165,565.04View SEC Filing  
2/12/2015Gregory P HillCOOSell20,653$72.68$1,501,060.04View SEC Filing  
2/12/2015John P RiellyCFOSell14,345$72.68$1,042,594.60View SEC Filing  
2/2/2015John B HessCEOBuy57,506$69.52$3,997,817.12View SEC Filing  
12/29/2014Gregory P HillCOOSell3,800$75.19$285,722.00View SEC Filing  
12/19/2014Gregory P HillCOOSell1,500$71.48$107,220.00View SEC Filing  
11/13/2014Gregory P HillCOOSell4,000$81.12$324,480.00View SEC Filing  
9/11/2014Gregory P HillCOOSell2,000$98.76$197,520.00View SEC Filing  
8/11/2014Eric S FishmanVPSell2,550$101.00$257,550.00View SEC Filing  
8/1/2014Gregory P HillCOOSell2,155$98.23$211,685.65View SEC Filing  
4/22/2014Mykel ZioloSVPSell31,095$88.00$2,736,360.00View SEC Filing  
4/4/2014Mykel ZioloSVPSell29,175$86.00$2,509,050.00View SEC Filing  
4/2/2014Mykel ZioloSVPSell36,000$84.00$3,024,000.00View SEC Filing  
2/21/2014Mark WilliamsDirectorBuy12,000$81.69$980,280.00View SEC Filing  
2/4/2014Mykel ZioloSVPSell4,027$73.92$297,675.84View SEC Filing  
12/19/2013John RiellyCFOSell72,000$80.57$5,801,040.00View SEC Filing  
10/9/2013Gregory HillCOOSell24,870$78.73$1,958,015.10View SEC Filing  
9/6/2013Gregory P HillEVPSell2,000$76.79$153,580.00View SEC Filing  
8/1/2013Robert BiglinTreasurerSell3,140$76.00$238,640.00View SEC Filing  
7/19/2013Robert M BiglinTreasurerSell2,954$73.50$217,119.00View SEC Filing  
6/21/2013John H Mullin IIIDirectorBuy10,000$63.01$630,100.00View SEC Filing  
6/17/2013Lawrence H OrnsteinSVPSell3,500$67.05$234,675.00View SEC Filing  
6/4/2013Robert M BiglinTreasurerSell2,220$68.37$151,781.40View SEC Filing  
6/3/2013Gregory P HillEVPSell48,500$68.70$3,331,950.00View SEC Filing  
6/3/2013John J ScelfoSVPSell10,547$68.20$719,305.40View SEC Filing  
5/16/2013William G SchraderDirectorBuy2,000$68.52$137,040.00View SEC Filing  
11/13/2012Robert N WilsonDirectorBuy5,000$50.16$250,800.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Hess Corporation (NYSE:HES)
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Chart

Hess Corporation (HES) Chart for Sunday, October, 22, 2017

This page was last updated on 10/22/2017 by MarketBeat.com Staff

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