Hess (HES) Stock Forecast, Price & News

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Hess in the last year. There are currently 5 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" HES shares.
View HES analyst ratings or view top-rated stocks.

14 brokerages have issued 1-year target prices for Hess' stock. Their HES share price forecasts range from $140.00 to $200.00. On average, they predict the company's share price to reach $169.00 in the next year. This suggests a possible upside of 33.4% from the stock's current price.
View analysts price targets for HES or view top-rated stocks among Wall Street analysts.

Hess' stock was trading at $141.82 at the beginning of 2023. Since then, HES shares have decreased by 10.7% and is now trading at $126.67.
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Hess saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 4,250,000 shares, an increase of 6.5% from the April 30th total of 3,990,000 shares. Based on an average trading volume of 1,680,000 shares, the days-to-cover ratio is presently 2.5 days. Approximately 1.5% of the shares of the stock are sold short.
View Hess' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
View our HES earnings forecast.

Hess Co. (NYSE:HES) posted its quarterly earnings results on Wednesday, April, 26th. The oil and gas producer reported $1.13 EPS for the quarter, beating the consensus estimate of $1.03 by $0.10. The oil and gas producer earned $2.45 billion during the quarter, compared to the consensus estimate of $2.37 billion. Hess had a trailing twelve-month return on equity of 25.85% and a net margin of 18.47%. The firm's revenue was up 3.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.30 earnings per share.
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Hess announced a quarterly dividend on Wednesday, May 17th. Investors of record on Thursday, June 15th will be given a dividend of $0.4375 per share on Friday, June 30th. This represents a $1.75 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend is Wednesday, June 14th.
Read our dividend analysis for HES.

ETFs with the largest weight of Hess (NYSE:HES) stock in their portfolio include iShares U.S. Oil & Gas Exploration & Production ETF (IEO), Invesco S&P 500 Equal Weight Energy ETF (RYE), Invesco DWA Energy Momentum ETF (PXI), First Trust Energy AlphaDEX Fund (FXN), First Trust Natural Gas ETF (FCG), Energy Select Sector SPDR Fund (XLE), SPDR S&P Oil & Gas Exploration & Production ETF (XOP) and AdvisorShares Dorsey Wright Alpha Equal Weight ETF (DWEQ).

Hess (NYSE:HES) pays an annual dividend of $1.75 per share and currently has a dividend yield of 1.34%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 25.07%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HES will have a dividend payout ratio of 17.82% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HES.

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.

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).

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

Hess' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include FMR LLC (13.10%), BlackRock Inc. (7.93%), State Street Corp (5.97%), Price T Rowe Associates Inc. MD (2.79%), Geode Capital Management LLC (1.87%) and Bank of New York Mellon Corp (1.85%). Insiders that own company stock include Andrew P Slentz, Andrew P Slentz, Barbara J Lowery-Yilmaz, Corp Hess, Geurt G Schoonman, Geurt G Schoonman, Gregory P Hill, Gregory P Hill, John B Hess, John B Hess, John P Rielly, Michael Mcknight, Richard D Lynch, Sami A Siddiqui and Timothy B Goodell.
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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.
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One share of HES stock can currently be purchased for approximately $126.67.

Hess (NYSE:HES) has a market capitalization of $38.89 billion and generates $11.57 billion in revenue each year. The oil and gas producer earns $2.10 billion in net income (profit) each year or $6.98 on an earnings per share basis.

The company employs 1,623 workers across the globe.

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.