NYSE:HES

Hess - HES Stock Forecast, Price & News

$108.99

-0.15 (-0.14%)

(As of 09/30/2022 12:00 AM ET)

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Today's Range: $106.66
▼
$110.21
50-Day Range: $99.86
▼
$128.09
52-Week Range: $68.32
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$131.43

Volume: 2.47 million shs
Average Volume: 2.08 million shs
Market Capitalization: $33.74 billion

P/E Ratio: 23.14
Dividend Yield: 1.37%
Price Target: $136.08

Hess MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.83 Rating Score
Upside/Downside: 24.9% Upside
$136.08 Price Target
Short Interest: Healthy
2.28% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -7.49
Upright™ Environmental Score
News Sentiment: 0.29
Based on 4 Articles This Week
Insider Trading: Selling Shares
$2.65 M Sold Last Quarter
Proj. Earnings Growth: 26.12%
From $8.96 to $11.30 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.01 out of 5 stars

Oils/Energy Sector

15th out of 258 stocks

Petroleum Refining Industry

1st out of 20 stocks

3.4

Analyst's Opinion

Consensus Rating
Hess has received a consensus rating of Buy. The company's average rating score is 2.83, and is based on 10 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $136.08, Hess has a forecasted upside of 24.9% from its current price of $108.99.
Amount of Analyst Coverage
Hess has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

5.0

Short Interest

Percentage of Shares Shorted
2.28% of the float of Hess has been sold short.
Short Interest Ratio / Days to Cover
Hess has a short interest ratio ("days to cover") of 3.3, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Hess has recently decreased by 8.87%, indicating that investor sentiment is improving significantly.

2.5

Dividend Strength

Dividend Yield
Hess pays a meaningful dividend of 1.37%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Hess has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Hess is 31.85%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Hess will have a dividend payout ratio of 13.27% next year. This indicates that Hess will be able to sustain or increase its dividend.

1.2

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Hess has received a -38.42% net impact score from Upright. The largest negative impact of Hess in category "GHG emissions" seems to be driven mostly by its "Oil distribution services", "Oil exploration services", "Crude oil", and "Oil drilling services" products. See details.
Environmental Sustainability
The Environmental Impact score for Hess is -7.49.

2.4

News and Social Media Coverage

News Sentiment
Hess has a news sentiment score of 0.29. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.43 average news sentiment score of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Hess this week, compared to 9 articles on an average week.
Search Interest
6 people have searched for HES on MarketBeat in the last 30 days. This is an increase of 20% compared to the previous 30 days.
MarketBeat Follows
14 people have added Hess to their MarketBeat watchlist in the last 30 days. This is an increase of 250% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Hess insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,650,960.00 in company stock.
Percentage Held by Insiders
Only 9.93% of the stock of Hess is held by insiders.
Percentage Held by Institutions
86.23% of the stock of Hess is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Hess are expected to grow by 26.12% in the coming year, from $8.96 to $11.30 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Hess is 23.14, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 116.56.
Price to Earnings Ratio vs. Sector
The P/E ratio of Hess is 23.14, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 40.11.
Price to Book Value per Share Ratio
Hess has a P/B Ratio of 4.81. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Hess (NYSE:HES) Stock

Hess Corporation, an exploration and production company, explores, develops, produces, purchases, transports, and sells crude oil, natural gas liquids (NGLs), and natural gas. The company operates in two segments, Exploration and Production, and Midstream. It conducts production operations primarily in the United States, Guyana, the Malaysia/Thailand Joint Development Area, and Malaysia; and exploration activities principally offshore Guyana, the U.S. Gulf of Mexico, and offshore Suriname and Canada. The company is also involved in gathering, compressing, and processing natural gas; fractionating NGLs; gathering, terminaling, loading, and transporting crude oil and NGL through rail car; and storing and terminaling propane, as well as providing water handling services primarily in the Bakken Shale plays in the Williston Basin area of North Dakota. As of December 31, 2021, it had total proved reserves of 1,309 million barrels of oil equivalent. The company was incorporated in 1920 and is headquartered in New York, New York.

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HES Stock News Headlines

September 5, 2022 | marketbeat.com

Guyana expects billion-dollar oil earnings this year

Guyana's central bank says the South American country is likely to earn more than $1 billion this year from its production share of offshore oil exports

October 1, 2022 | washingtonpost.com

Southeast Missouri State rides Hess to win over Lindenwood - The Washington Post

October 1, 2022 | americanbankingnews.com

Hess Co. (NYSE:HES) Receives $136.08 Consensus Price Target from Analysts

September 25, 2022 | streetinsider.com

North Dakota Tribal College System Announces Statewide Apprenticeship Program in Partnership with Hess Corporation, Halliburton and Nabors Industries - StreetInsider.com

September 24, 2022 | finance.yahoo.com

North Dakota Tribal College System Announces Statewide Apprenticeship Program in Partnership with Hess Corporation, Halliburton and Nabors Industries - Yahoo Finance

September 23, 2022 | reuters.com

Hess creditors seek dismissal of Virgin Islands bankruptcy - Reuters

September 23, 2022 | finance.yahoo.com

North Dakota Tribal College System Announces Statewide Apprenticeship Program in Partnership with Hess Corporation, Halliburton and Nabors Industries

September 23, 2022 | finance.yahoo.com

Hess creditors seek dismissal of Virgin Islands bankruptcy

September 21, 2022 | benzinga.com

Expert Ratings for Hess - Hess (NYSE:HES) - Benzinga

September 17, 2022 | washingtonpost.com

DeLaurent leads Southeast Missouri State over Nicholls 42-16 - The Washington Post

September 17, 2022 | investors.com

ON Semiconductor Stock, Nasdaq, Hess Among 22 Stocks Entering IBD Watchlists Today - Investor's Business Daily

September 17, 2022 | seekingalpha.com

Hess Stock: This Blue Light Special Will Not Last (NYSE:HES) - Seeking Alpha

September 15, 2022 | benzinga.com

Hess (NYSE:HES) – Hess Whale Trades Spotted - Benzinga

September 14, 2022 | marketwatch.com

Thinking about trading options or stock in Overstock.com, Hess, Apple, Cheniere Energy, or Splunk? - MarketWatch

September 14, 2022 | marketwatch.com

Hess Corp. stock falls Tuesday, still outperforms market - MarketWatch

September 12, 2022 | seekingalpha.com

Hess Corporation Becomes Increasingly FCF Positive (NYSE:HES) - Seeking Alpha

September 9, 2022 | nasdaq.com

October 28th Options Now Available For Hess Corp (HES) - Nasdaq

September 8, 2022 | investors.com

Oil Stock Hess Sets Up Near Buy Point As Earnings Rebound - Investor's Business Daily

September 8, 2022 | benzinga.com

Hess (NYSE:HES) – Check Out What Whales Are Doing With HES - Benzinga

September 8, 2022 | finance.yahoo.com

Oil Stock Hess Sets Up Near Buy Point As Earnings Rebound

September 6, 2022 | nasdaq.com

Here's Why Hess (HES) is a Strong Growth Stock - Nasdaq

September 6, 2022 | benzinga.com

Hess Corp. (HES) – Here's How Much You Would Have Made Owning Hess Stock In The Last 5 Years - Benzinga

September 5, 2022 | nasdaq.com

2 Oil Stocks Poised to Benefit from OPEC’s Production Cuts - Nasdaq

September 2, 2022 | nasdaq.com

The Zacks Analyst Blog Highlights Occidental Petroleum, Coterra and Hess - Nasdaq

September 2, 2022 | finance.yahoo.com

The Zacks Analyst Blog Highlights Occidental Petroleum, Coterra and Hess

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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HES Company Calendar

Last Earnings: 7/27/2022
Ex-Dividend for 9/30 Dividend: 9/16/2022
Dividend Payable: 9/30/2022
Today: 10/02/2022
Next Earnings (Estimated): 10/26/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Petroleum refining
Sub-Industry: Integrated Oil & Gas
Sector: Oils/Energy
Current Symbol: NYSE:HES
CUSIP: 42809H10
CIK: 4447
Web: www.hess.com
Phone: (212) 997-8500
Fax: 212-536-8390
Employees: 1,545
Year Founded: 1933

Price Target and Rating

Average Stock Price Forecast: $136.08
High Stock Price Forecast: $165.00
Low Stock Price Forecast: $88.00
Forecasted Upside/Downside: +24.9%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.83
Research Coverage: 12 Analysts

Profitability

EPS (Most Recent Fiscal Year): $4.71
Trailing P/E Ratio: 23.14
Forward P/E Ratio: 12.16
P/E Growth: N/A
Net Income: $559 million
Net Margins: 15.53%
Pretax Margin: 28.43%
Return on Equity: 20.25%
Return on Assets: 7.02%

Debt

Debt-to-Equity Ratio: 1.10
Current Ratio: 1.69
Quick Ratio: 1.55

Sales & Book Value

Annual Sales: $7.58 billion
Price / Sales: 4.45
Cash Flow: $7.11 per share
Price / Cash Flow: 15.33
Book Value: $22.68 per share
Price / Book: 4.81

Miscellaneous

Outstanding Shares: 309,610,000
Free Float: 278,870,000
Market Cap: $33.74 billion
Optionable: Optionable
Beta: 1.56

Social Links

Key Executives

Mr. John B. Hess (Age 68)
CEO & Director
Comp: $3.91M

Mr. John P. Rielly (Age 60)
Exec. VP & CFO
Comp: $1.61M

Mr. Gregory P. Hill (Age 61)
COO and Pres of Exploration & Production
Comp: $2.64M

Mr. Timothy B. Goodell (Age 65)
Exec. VP, Gen. Counsel, Corp. Sec. & Chief Compliance Officer
Comp: $1.59M

Mr. Richard Lynch (Age 64)
Sr. VP of Technology & Services

Mr. Jay R. Wilson (Age 76)
VP of Investor Relations

Lorrie Hecker
VP of Communications

Mr. Andrew P. Slentz (Age 60)
Sr. VP of HR & Office Management

Jonathan C. Stein
VP, CFO of Midstream & Chief Risk Officer

Mr. C. Martin Dunagin Jr.
Chief Tax Exec.

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

HES Stock - Frequently Asked Questions

Should I buy or sell Hess stock right now?: 12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Hess in the last year. There are currently 2 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" HES shares.
View HES analyst ratings or view top-rated stocks.
What is Hess' stock price forecast for 2022?: 12 analysts have issued 12 month target prices for Hess' stock. Their HES share price forecasts range from $88.00 to $165.00. On average, they expect the company's share price to reach $136.08 in the next year. This suggests a possible upside of 24.9% from the stock's current price.
View analysts price targets for HES or view top-rated stocks among Wall Street analysts.
How have HES shares performed in 2022?: Hess' stock was trading at $74.03 at the start of the year. Since then, HES shares have increased by 47.2% and is now trading at $108.99.
View the best growth stocks for 2022 here.
Are investors shorting Hess?: Hess saw a decrease in short interest during the month of September. As of September 15th, there was short interest totaling 6,370,000 shares, a decrease of 8.9% from the August 31st total of 6,990,000 shares. Based on an average daily volume of 1,950,000 shares, the short-interest ratio is presently 3.3 days. Approximately 2.3% of the shares of the company are sold short.
View Hess' Short Interest.
When is Hess' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our HES earnings forecast.
How were Hess' earnings last quarter?: Hess Co. (NYSE:HES) announced its quarterly earnings data on Wednesday, July, 27th. The oil and gas producer reported $2.15 earnings per share for the quarter, topping analysts' consensus estimates of $2.07 by $0.08. The oil and gas producer earned $2.99 billion during the quarter, compared to analysts' expectations of $2.60 billion. Hess had a net margin of 15.53% and a trailing twelve-month return on equity of 20.25%. The firm's quarterly revenue was up 87.0% on a year-over-year basis. During the same period last year, the company posted $0.24 EPS.
Read the conference call transcript.
How often does Hess pay dividends? What is the dividend yield for Hess?: Hess announced a quarterly dividend on Wednesday, September 7th. Investors of record on Monday, September 19th will be paid a dividend of $0.375 per share on Friday, September 30th. This represents a $1.50 annualized dividend and a yield of 1.38%. The ex-dividend date is Friday, September 16th.
Read our dividend analysis for HES.
Is Hess a good dividend stock?: Hess (NYSE:HES) pays an annual dividend of $1.50 per share and currently has a dividend yield of 1.37%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 31.85%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HES will have a dividend payout ratio of 13.27% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HES.

What is John B. Hess' approval rating as Hess' CEO?: 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.
What other stocks do shareholders of Hess own?: 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).
What is Hess' stock symbol?: Hess trades on the New York Stock Exchange (NYSE) under the ticker symbol "HES."
How do I buy shares of Hess?: 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.
Compare Top Brokerages Here.
What is Hess' stock price today?: One share of HES stock can currently be purchased for approximately $108.99.
How much money does Hess make?: Hess (NYSE:HES) has a market capitalization of $33.74 billion and generates $7.58 billion in revenue each year. The oil and gas producer earns $559 million in net income (profit) each year or $4.71 on an earnings per share basis.
How many employees does Hess have?: The company employs 1,545 workers across the globe.
Does Hess have any subsidiaries?: The following companies are subsidiares of Hess: American Oil & Gas, Bakken Acreage, Hess (Indonesia-VIII) Holdings Limited, Hess Asia Holdings Inc., Hess Bakken Investments II LLC, Hess Bakken Investments III LLC, Hess Bakken Investments IV LLC, Hess Baldpate-Penn State LLC, Hess Canada (Aspy) Exploration Limited, Hess Canada Exploration Limited, Hess Canada Oil and Gas ULC, Hess Capital Limited, Hess Capital Services Holdings LLC, Hess Capital Services LLC, Hess Capital Services Limited, Hess Conger LLC, Hess Energy Exploration LLC, Hess Equatorial Guinea Investments Limited, Hess Exploration Services Inc., Hess Exploration and Production Holdings LLC, Hess Exploration and Production Malaysia B.V., Hess Finance, Hess GOM Deepwater LLC, Hess GOM Deepwater Sub-Holdings LLC, Hess GOM Exploration LLC, Hess Guyana (Block B) Exploration Limited, Hess Guyana (Liza) Exploration Limited, Hess Guyana Exploration Limited, Hess Holdings EG Limited, Hess Holdings GOM Ventures LLC, Hess Holdings West Africa Limited, Hess International Holdings Corporation, Hess International Holdings Limited, Hess International Receivables Limited, Hess International Sales LLC, Hess Libya (Waha) Limited, Hess Libya Exploration Limited, Hess Limited, Hess Llano LLC, Hess Middle East New Ventures Limited, Hess NWE Holdings, Hess New Ventures Exploration Limited, Hess Offshore Response Company LLC, Hess Ohio Developments LLC, Hess Ohio Holdings LLC, Hess Ohio Sub-Holdings LLC, Hess Oil & Gas Sdn. Bhd., Hess Oil Company of Thailand (JDA) Limited, Hess Oil Company of Thailand Ltd. Co., Hess Oil Production and Exploration LLC, Hess Oil and Gas Holdings Inc., Hess Oil and Gas International II Limited, Hess Oil and Gas International Limited, Hess Services UK Limited, Hess Stampede LLC, Hess Suriname Exploration Limited, Hess TGP Finance Company LLC, Hess Trading Corporation, Hess Tubular Bells LLC, Hess West Africa Holdings Limited, Marquette Exploration LLC, Meadville Corporation, and Triton Energy.
Read More
How can I contact Hess?: 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.

This page (NYSE:HES) was last updated on 10/2/2022 by MarketBeat.com Staff

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Hess - HES Stock Forecast, Price & News

Hess MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows