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
Stock Exchange NYSE
Industry Petroleum refining
Sub-IndustryIntegrated Oil & Gas
SectorOils/Energy
Current SymbolNYSE:HES
Previous Symbol
CUSIP42809H10
Phone212-997-8500
Debt
Debt-to-Equity Ratio0.60
Current Ratio2.30
Quick Ratio2.16
Price-To-Earnings
Trailing P/E Ratio-10.26
Forward P/E Ratio-473.10
P/E GrowthN/A
Sales & Book Value
Annual Sales$5.41 billion
Price / Sales2.59
Cash Flow$4.3364 per share
Price / Cash Flow10.91
Book Value$38.88 per share
Price / Book1.22
Profitability
EPS (Most Recent Fiscal Year)($4.61)
Net Income$-4,074,000,000.00
Net Margins-47.06%
Return on Equity-2.65%
Return on Assets-1.40%
Miscellaneous
Employees2,075
Outstanding Shares296,250,000
Market Cap$15.08 billion
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 given a dividend of $0.25 per share on Monday, December 31st. This represents a $1.00 annualized dividend and a dividend yield of 2.11%. The ex-dividend date is Friday, December 14th. View Hess' Dividend History.
How will Hess' stock buyback program work?
Hess announced that its board has approved a stock repurchase program on Thursday, March 8th 2018, which allows the company to buyback $1,000,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company's management believes its stock is undervalued.
How were Hess' earnings last quarter?
Hess Corp. (NYSE:HES) released its earnings results on Wednesday, October, 31st. The oil and gas producer reported $0.38 earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.43. The oil and gas producer had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.54 billion. Hess had a negative net margin of 47.06% and a negative return on equity of 2.65%. Hess's revenue for the quarter was up 11.2% compared to the same quarter last year. During the same quarter last year, the company earned ($1.07) earnings per share. View Hess' Earnings History.
When is Hess' next earnings date?
What price target have analysts set for HES?
15 analysts have issued 1-year target prices for Hess' stock. Their forecasts range from $50.00 to $89.00. On average, they anticipate Hess' stock price to reach $69.2143 in the next year. This suggests a possible upside of 46.3% 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, 8 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Hess.
Has Hess been receiving favorable news coverage?
Headlines about HES stock have been trending somewhat positive on Tuesday, according to InfoTrie. InfoTrie identifies negative and positive media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Hess earned a daily sentiment score of 2.0 on InfoTrie's scale. They also gave media coverage about the oil and gas producer a news buzz of 8.0 out of 10, meaning that recent media coverage is very likely to have an effect on the company's share price in the near term.
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 64)
- Mr. Gregory P. Hill, Pres & COO (Age 57)
- Mr. John P. Rielly, CFO & Sr. VP (Age 56)
- Mr. Timothy B. Goodell, Sr. VP, Gen. Counsel & Sec. (Age 61)
- Mr. Michael R. Turner, Sr. VP of Production (Age 59)
Who are Hess' major shareholders?
Hess' stock is owned by a number of of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (9.78%), Vanguard Group Inc (9.78%), Impala Asset Management LLC (0.86%), Dimensional Fund Advisors LP (0.81%), Levin Capital Strategies L.P. (0.70%) and Massachusetts Financial Services Co. MA (0.59%). 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 The Manufacturers Life Insurance Company , Alliancebernstein L.P., Artemis Investment Management LLP, Mitsubishi UFJ Trust & Banking Corp, Key Group Holdings Cayman LTD., Strs Ohio, Vanguard Group Inc. and Vanguard Group Inc. 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 Prudential Financial Inc., Janus Henderson Group PLC, FIL Ltd, Canada Pension Plan Investment Board, Primecap Management Co. CA, Impala Asset Management LLC, Barings LLC and DFT Energy LP. 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 $47.31.
How big of a company is Hess?
Hess has a market capitalization of $15.08 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.
