Hess - HES Stock Forecast, Price & News

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Hess in the last year. There are currently 3 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.

12 analysts have issued 12-month price targets for Hess' shares. Their HES share price forecasts range from $88.00 to $166.00. On average, they expect the company's share price to reach $145.38 in the next year. This suggests a possible upside of 1.0% 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 $74.03 at the start of the year. Since then, HES shares have increased by 94.4% and is now trading at $143.91.
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Hess saw a drop in short interest during the month of November. As of November 15th, there was short interest totaling 5,570,000 shares, a drop of 8.8% from the October 31st total of 6,110,000 shares. Based on an average daily trading volume, of 2,100,000 shares, the short-interest ratio is presently 2.7 days. Currently, 2.0% of the shares of the company are short sold.
View Hess' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, January 25th 2023.
View our HES earnings forecast.

Hess Co. (NYSE:HES) announced its quarterly earnings data on Wednesday, October, 27th. The oil and gas producer reported $0.28 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.39 by $0.11. The oil and gas producer had revenue of $1.81 billion for the quarter, compared to analysts' expectations of $1.52 billion. Hess had a trailing twelve-month return on equity of 25.57% and a net margin of 17.31%. The company's revenue for the quarter was up 54.0% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.71) earnings per share.
Read the conference call transcript.

Hess announced a quarterly dividend on Wednesday, September 7th. Investors of record on Monday, September 19th will be given a dividend of $0.375 per share on Friday, September 30th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date is Friday, September 16th.
Read our dividend analysis for HES.

Hess (NYSE:HES) pays an annual dividend of $1.50 per share and currently has a dividend yield of 1.06%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 24.96%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HES will have a dividend payout ratio of 16.18% 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 Vanguard Group Inc. (10.17%), BlackRock Inc. (8.02%), State Street Corp (6.09%), Primecap Management Co. CA (3.04%), Massachusetts Financial Services Co. MA (2.54%) and Barrow Hanley Mewhinney & Strauss LLC (2.49%). Insiders that own company stock include Andrew P Slentz, Andrew P Slentz, Barbara J Lowery-Yilmaz, Geurt G Schoonman, Geurt G Schoonman, Gregory P Hill, Gregory P Hill, John B Hess, John B Hess, John P Rielly, Marc S Lipschultz, Michael Mcknight, Richard D Lynch, Sami A Siddiqui and Timothy B Goodell.
View institutional ownership trends.

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 $143.91.

Hess (NYSE:HES) has a market capitalization of $44.37 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 $6.01 on an earnings per share basis.

The company employs 1,545 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.