About Hess Corporation (NYSE:HES)
Hess 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
- Market Cap: $14.31 billion
- Outstanding Shares: 317,844,000
- 50 Day Moving Avg: $43.95
- 200 Day Moving Avg: $44.57
- 52 Week Range: $37.25 - $65.56
Sales & Book Value:
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: -13.44
- P/E Growth: -1.89
- Annual Revenue: $4.94 billion
- Price / Sales: 2.90
- Book Value: $43.83 per share
- Price / Book: 1.03
- Annual Dividend: $1.00
- Dividend Yield: 2.2%
- EBITDA: $1.45 billion
- Net Margins: -118.07%
- Return on Equity: -8.49%
- Return on Assets: -4.77%
- Debt-to-Equity Ratio: 0.44%
- Current Ratio: 2.02%
- Quick Ratio: 1.84%
- 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?
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?
Some companies that are related to Hess Corporation include Imperial Oil Ltd (IMO), Sasol (SSL), Andeavor (ANDV), Tesoro Corporation (ANDV), Western Gas Equity Partners, LP (WGP), Markwest Energy Partners LP (MWE), Western Gas Partners, LP (WES), AmeriGas Partners, L.P. (APU), PBF Energy (PBF), Cosan Limited (CZZ), Targa Resources Partners LP (NGLS), Crestwood Equity Partners LP (CEQP), Suburban Propane Partners, L.P. (SPH), CVR Refining, LP (CVRR), Ngl Energy Partners Lp (NGL), American Midstream Partners, LP (AMID), Alon USA Partners, LP (ALDW) and Sprague Resources LP (SRLP).
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?
MarketBeat Community Rating for Hess Corporation (NYSE HES)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.
One share of Hess Corporation stock can currently be purchased for approximately $45.03.
Consensus Ratings for Hess Corporation (NYSE:HES) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|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)
Analysts' Ratings History for Hess Corporation (NYSE:HES)
(Data available from 10/22/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/18/2017||Morgan Stanley||Boost Price Target||Equal Weight||$43.00 -> $49.00||N/A|
|10/10/2017||BMO Capital Markets||Set Price Target||Hold||$45.00||N/A|
|9/14/2017||J P Morgan Chase & Co||Downgrade||Overweight -> Neutral||$52.00 -> $45.00||Low|
|8/25/2017||Piper Jaffray Companies||Set Price Target||Buy||$47.00||Low|
|8/22/2017||Cowen and Company||Reiterated Rating||Hold||$50.00||Low|
|8/11/2017||Scotiabank||Set Price Target||Buy||$52.00||Medium|
|7/21/2017||Citigroup Inc.||Lower Price Target||Neutral||$55.00 -> $49.00||Low|
|7/17/2017||Wolfe Research||Downgrade||Outperform -> Market Perform||Low|
|7/12/2017||Barclays PLC||Reiterated Rating||Equal Weight||$61.00 -> $50.00||Medium|
|6/27/2017||Atlantic Securities||Downgrade||Overweight -> Neutral||$68.00 -> $45.00||Low|
|6/21/2017||Capital One Financial Corporation||Downgrade||Equal Weight -> Underweight||$65.00 -> $50.00||Medium|
|5/30/2017||Goldman Sachs Group, Inc. (The)||Downgrade||Buy -> Neutral||$69.00 -> $58.00||High|
|5/5/2017||Wells Fargo & Company||Upgrade||Market Perform -> Outperform||$46.13 -> $45.84||High|
|4/29/2017||KLR Group||Reiterated Rating||Buy||$58.00 -> $60.00||Low|
|4/14/2017||Bank of America Corporation||Reiterated Rating||Buy||$80.00||N/A|
|7/28/2016||Credit Suisse Group||Reiterated Rating||Hold||$66.00||N/A|
|5/3/2016||Tigress Financial||Downgrade||Buy -> Neutral||N/A|
|4/19/2016||Howard Weil||Boost Price Target||Sector Outperform||$59.00 -> $69.00||N/A|
|3/4/2016||Iberia Capital||Lower Price Target||Sector Perform||$63.00 -> $53.00||N/A|
|2/5/2016||Deutsche Bank AG||Reiterated Rating||Positive -> Hold||$60.00||N/A|
|12/8/2015||Mitsubishi UFJ Financial Group Inc||Reiterated Rating||Overweight||N/A|
|11/17/2015||Oppenheimer Holdings, Inc.||Downgrade||Outperform -> Market Perform||$70.00||N/A|
Earnings History for Hess Corporation (NYSE:HES)Earnings History by Quarter for Hess Corporation (NYSE HES)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/26/2017||Q2 2017||($1.32)||($1.46)||$1.19 billion||$1.23 billion||View||N/A|
|4/26/2017||Q1 2017||($1.10)||($1.07)||$1.34 billion||$1.28 billion||View||N/A|
|1/25/2017||Q416||($1.08)||($1.01)||$1.23 billion||$1.39 billion||View||Listen|
|10/26/2016||Q316||($1.24)||($1.12)||$1.31 billion||$1.20 billion||View||Listen|
|7/27/2016||Q216||($1.24)||($1.10)||$1.25 billion||$1.27 billion||View||Listen|
|4/27/2016||Q116||($1.83)||($1.72)||$1.08 billion||$993.00 million||View||Listen|
|1/27/2016||Q415||($1.47)||($1.40)||$1.56 billion||$1.47 billion||View||Listen|
|10/28/2015||Q3||($1.13)||($1.03)||$1.67 billion||$1.69 billion||View||Listen|
|7/29/2015||Q215||($0.72)||($0.52)||$1.58 billion||$1.94 billion||View||Listen|
|4/29/2015||Q115||($1.09)||($0.98)||$1.47 billion||$1.54 billion||View||Listen|
|1/28/2015||Q414||$0.29||$0.18||$2.34 billion||$2.53 billion||View||Listen|
|10/29/2014||Q314||$1.07||$1.24||$2.58 billion||$2.80 billion||View||Listen|
|7/30/2014||Q214||$1.20||$1.38||$2.63 billion||$3.60 billion||View||Listen|
|4/30/2014||Q114||$1.01||$1.38||$6.10 billion||$5.50 billion||View||Listen|
|1/29/2014||Q413||$1.30||$0.96||$2.45 billion||$5.57 billion||View||Listen|
|10/30/2013||Q313||$1.49||$1.23||$2.63 billion||$2.70 billion||View||Listen|
|7/31/2013||Q2 2013||$1.38||$1.51||$5.06 billion||$4.11 billion||View||Listen|
|4/24/2013||Q1 2013||$1.57||$1.95||$2.96 billion||$4.12 billion||View||Listen|
|1/30/2013||Q4 2012||$1.41||$1.66||$9.69 billion||$9.70 billion||View||Listen|
|11/2/2012||Q312||$1.19||$1.64||$9.25 billion||$9.62 billion||View||N/A|
Earnings Estimates for Hess Corporation (NYSE:HES)
2017 EPS Consensus Estimate: ($4.49)
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Hess Corporation (NYSE:HES)
|Most Recent Dividend:||9/29/2017|
|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 History by Quarter for Hess Corporation (NYSE HES)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Hess Corporation (NYSE:HES)
Insider Ownership Percentage: 11.80%Insider Trades by Quarter for Hess Corporation (NYSE:HES)
Institutional Ownership Percentage: 86.72%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|9/18/2017||Brian D. Truelove||Insider||Sell||6,000||$42.53||$255,180.00|| |
|8/24/2017||Gregory P. Hill||COO||Sell||11,726||$38.37||$449,926.62|| |
|8/8/2017||Barbara J. Lowery-Yilmaz||Insider||Sell||3,873||$43.47||$168,359.31|| |
|3/7/2017||Gregory P Hill||COO||Sell||5,668||$51.03||$289,238.04|| |
|3/7/2017||John B Hess||CEO||Sell||24,331||$50.50||$1,228,715.50|| |
|3/7/2017||John P. Rielly||CFO||Sell||2,205||$51.03||$112,521.15|| |
|3/7/2017||Michael R Turner||Insider||Sell||1,192||$51.03||$60,827.76|| |
|3/7/2017||Timothy B Goodell||SVP||Sell||2,904||$51.05||$148,249.20|| |
|2/28/2017||William G Schrader||Director||Buy||484||$51.71||$25,027.64|| |
|2/3/2017||John B. Hess||CEO||Sell||43,711||$53.77||$2,350,340.47|| |
|2/3/2017||Timothy B. Goodell||SVP||Sell||5,112||$53.59||$273,952.08|| |
|11/17/2016||Gregory P. Hill||COO||Sell||2,951||$51.78||$152,802.78|| |
|11/4/2016||Brian D. Truelove||Insider||Sell||5,000||$47.41||$237,050.00|| |
|8/8/2016||Gregory P. Hill||COO||Sell||15,000||$55.99||$839,850.00|| |
|3/29/2016||Brian D Truelove||SVP||Sell||3,000||$49.93||$149,790.00|| |
|3/7/2016||Gregory P Hill||COO||Sell||8,124||$49.28||$400,350.72|| |
|3/7/2016||John P Rielly||CFO||Sell||5,707||$49.28||$281,240.96|| |
|3/7/2016||Mykel J Ziolo||SVP||Sell||2,929||$49.28||$144,341.12|| |
|3/1/2016||William G Schrader||Director||Buy||567||$44.21||$25,067.07|| |
|2/5/2016||Gregory P. Hill||COO||Sell||12,524||$39.36||$492,944.64|| |
|2/5/2016||John B. Hess||CEO||Buy||51,282||$39.00||$1,999,998.00|| |
|2/5/2016||John P. Rielly||CFO||Sell||8,204||$39.36||$322,909.44|| |
|2/5/2016||Kevin Omar Meyers||Director||Buy||1,282||$39.00||$49,998.00|| |
|2/5/2016||Michael R. Turner||SVP||Sell||6,106||$39.36||$240,332.16|| |
|11/12/2015||Gregory P Hill||COO||Sell||9,000||$60.02||$540,180.00|| |
|9/24/2015||Robert N Wilson||Director||Buy||3,000||$49.76||$149,280.00|| |
|9/11/2015||John B Hess||CEO||Buy||143,900||$52.27||$7,521,653.00|| |
|9/10/2015||John H Mullin III||Director||Buy||7,000||$54.49||$381,430.00|| |
|8/13/2015||Gregory P Hill||COO||Sell||4,300||$58.61||$252,023.00|| |
|6/18/2015||Gregory P Hill||COO||Sell||6,500||$69.76||$453,440.00|| |
|4/14/2015||Brian D Truelove||SVP||Sell||1,000||$74.29||$74,290.00|| |
|3/11/2015||Mark R Williams||Director||Buy||7,300||$69.51||$507,423.00|| |
|2/12/2015||Brian D Truelove||SVP||Sell||2,278||$72.68||$165,565.04|| |
|2/12/2015||Gregory P Hill||COO||Sell||20,653||$72.68||$1,501,060.04|| |
|2/12/2015||John P Rielly||CFO||Sell||14,345||$72.68||$1,042,594.60|| |
|2/2/2015||John B Hess||CEO||Buy||57,506||$69.52||$3,997,817.12|| |
|12/29/2014||Gregory P Hill||COO||Sell||3,800||$75.19||$285,722.00|| |
|12/19/2014||Gregory P Hill||COO||Sell||1,500||$71.48||$107,220.00|| |
|11/13/2014||Gregory P Hill||COO||Sell||4,000||$81.12||$324,480.00|| |
|9/11/2014||Gregory P Hill||COO||Sell||2,000||$98.76||$197,520.00|| |
|8/11/2014||Eric S Fishman||VP||Sell||2,550||$101.00||$257,550.00|| |
|8/1/2014||Gregory P Hill||COO||Sell||2,155||$98.23||$211,685.65|| |
|4/22/2014||Mykel Ziolo||SVP||Sell||31,095||$88.00||$2,736,360.00|| |
|4/4/2014||Mykel Ziolo||SVP||Sell||29,175||$86.00||$2,509,050.00|| |
|4/2/2014||Mykel Ziolo||SVP||Sell||36,000||$84.00||$3,024,000.00|| |
|2/21/2014||Mark Williams||Director||Buy||12,000||$81.69||$980,280.00|| |
|2/4/2014||Mykel Ziolo||SVP||Sell||4,027||$73.92||$297,675.84|| |
|12/19/2013||John Rielly||CFO||Sell||72,000||$80.57||$5,801,040.00|| |
|10/9/2013||Gregory Hill||COO||Sell||24,870||$78.73||$1,958,015.10|| |
|9/6/2013||Gregory P Hill||EVP||Sell||2,000||$76.79||$153,580.00|| |
|8/1/2013||Robert Biglin||Treasurer||Sell||3,140||$76.00||$238,640.00|| |
|7/19/2013||Robert M Biglin||Treasurer||Sell||2,954||$73.50||$217,119.00|| |
|6/21/2013||John H Mullin III||Director||Buy||10,000||$63.01||$630,100.00|| |
|6/17/2013||Lawrence H Ornstein||SVP||Sell||3,500||$67.05||$234,675.00|| |
|6/4/2013||Robert M Biglin||Treasurer||Sell||2,220||$68.37||$151,781.40|| |
|6/3/2013||Gregory P Hill||EVP||Sell||48,500||$68.70||$3,331,950.00|| |
|6/3/2013||John J Scelfo||SVP||Sell||10,547||$68.20||$719,305.40|| |
|5/16/2013||William G Schrader||Director||Buy||2,000||$68.52||$137,040.00|| |
|11/13/2012||Robert N Wilson||Director||Buy||5,000||$50.16||$250,800.00|| |
Headline Trends for Hess Corporation (NYSE:HES)
Latest Headlines for Hess Corporation (NYSE:HES)
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Hess Corporation (HES) Chart for Sunday, October, 22, 2017