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
Industry Petroleum refining
Sub-IndustryIntegrated Oil & Gas
SectorOils/Energy
Phone212-997-8500
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$6.47 billion
Profitability
Miscellaneous
Employees2,075
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 announced a quarterly dividend on Wednesday, December 5th. Investors 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 dividend on an annualized basis and a yield of 1.76%. 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 initiated a stock repurchase program on Thursday, March 8th 2018, which authorizes the company to repurchase $1,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company's leadership believes its stock is undervalued.
How were Hess' earnings last quarter?
Hess Corp. (NYSE:HES) issued its quarterly earnings results on Wednesday, January, 30th. The oil and gas producer reported ($0.31) earnings per share for the quarter, beating analysts' consensus estimates of ($0.41) by $0.10. The oil and gas producer earned $1.68 billion during the quarter, compared to analysts' expectations of $1.49 billion. Hess had a negative net margin of 2.91% and a negative return on equity of 0.73%. The company's revenue was up 30.3% compared to the same quarter last year. During the same quarter last year, the business posted ($1.01) 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 twelve-month price objectives for Hess' shares. Their predictions range from $50.00 to $89.00. On average, they expect Hess' stock price to reach $66.9286 in the next twelve months. This suggests a possible upside of 18.1% 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 trended positive this week, InfoTrie Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Hess earned a media sentiment score of 2.3 on InfoTrie's scale. They also gave media stories about the oil and gas producer a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the company's share price in the near term.
Are investors shorting Hess?
Hess saw a decline in short interest in the month of January. As of January 31st, there was short interest totalling 21,459,278 shares, a decline of 14.3% from the January 15th total of 25,043,521 shares. Based on an average trading volume of 4,690,364 shares, the days-to-cover ratio is presently 4.6 days. Currently, 8.2% of the company's stock are short sold. View Hess' Current Options Chain.
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), CVR Energy (CVI), PBF Energy (PBF), 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 65)
- Mr. Gregory P. Hill, Pres & COO (Age 58)
- Mr. John P. Rielly, CFO & Sr. VP (Age 57)
- Mr. Timothy B. Goodell, Sr. VP, Gen. Counsel & Sec. (Age 62)
- Mr. Michael R. Turner, Sr. VP of Production (Age 60)
Who are Hess' major shareholders?
Hess' stock is owned by a number of of retail and institutional investors. Top institutional investors include Northern Trust Corp (1.10%), Geode Capital Management LLC (1.10%), Dimensional Fund Advisors LP (0.83%), Levin Capital Strategies L.P. (0.73%), Millennium Management LLC (0.67%) and Investec Asset Management LTD (0.66%). 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, Richard D Lynch, 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 Anchor Bolt Capital LP, Lord Abbett & CO. LLC, Prudential Financial Inc., Standard Life Aberdeen plc, Investec Asset Management LTD, DFT Energy LP, Zurcher Kantonalbank Zurich Cantonalbank and Mirae Asset Global Investments Co. Ltd.. 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, Richard D Lynch 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 Oregon Public Employees Retirement Fund, Millennium Management LLC, United Services Automobile Association, Northern Trust Corp, Two Sigma Advisers LP, First Trust Advisors LP, Trinity Street Asset Management LLP and Elephas Investment Management Ltd. 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 $56.69.
How big of a company is Hess?
Hess has a market capitalization of $16.79 billion and generates $6.47 billion in revenue each year. The oil and gas producer earns $-282,000,000.00 in net income (profit) each year or ($0.74) 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.
