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NYSE:HES

Hess - HES Stock Forecast, Price & News

$131.86
-1.58 (-1.18%)
(As of 12/9/2022 09:52 AM ET)
Add
Compare
Today's Range
$131.86
$134.36
50-Day Range
$108.99
$149.44
52-Week Range
$68.32
$149.83
Volume
6,315 shs
Average Volume
1.82 million shs
Market Capitalization
$40.65 billion
P/E Ratio
21.94
Dividend Yield
1.11%
Price Target
$146.15

Hess MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
9.3% Upside
$146.15 Price Target
Short Interest
Healthy
2.00% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-7.49
Upright™ Environmental Score
News Sentiment
0.37mentions of Hess in the last 14 days
Based on 10 Articles This Week
Insider Trading
Selling Shares
$13.27 M Sold Last Quarter
Proj. Earnings Growth
28.39%
From $7.22 to $9.27 Per Share

Overall MarketRank

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

2.70 out of 5 stars

Oils/Energy Sector

45th out of 249 stocks

Petroleum Refining Industry

5th out of 20 stocks

HES stock logo

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

US orders chemicals removed at Virgin Islands oil refinery
The Environmental Protection Agency has ordered the removal of thousands of pounds of chemicals from an oil refinery in the U.S. Virgin Islands
Hess to buy $750 million in carbon credits from Guyana
Officials say that U.S.-owned Hess Corporation, a consortium partner in Guyana’s offshore oil sector, has agreed to buy $750 million worth of carbon credits from the South American nation in the next decade as it works to ensure Guyana’s almost intact Amazonian rainforests remain standing
U.S. Oil Prices Rise as EIA Confirms a Big Inventory Draw
Why Is Hess (HES) Up 2.2% Since Last Earnings Report?
Hess Completes Sale of Interests in Libya
Energy Stocks Buoy S&P 500 Earnings Growth
Hess (HES) Q3 Earnings and Revenues Surpass Estimates
Hess: Q3 Earnings Snapshot
Hess Midstream: Q3 Earnings Insights
Recap: Hess Q3 Earnings
See More Headlines
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HES Company Calendar

Ex-Dividend for 9/30 Dividend
9/16/2022
Dividend Payable
9/30/2022
Last Earnings
10/26/2022
Today
12/09/2022
Dividend Payable
12/29/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
1/25/2023
Ex-Dividend for 12/29 Dividend
1/01/2100

Industry, Sector and Symbol

Industry
Petroleum refining
Sub-Industry
Integrated Oil & Gas
CUSIP
42809H10
CIK
4447
Employees
1,545
Year Founded
1933

Price Target and Rating

Average Stock Price Forecast
$146.15
High Stock Price Forecast
$166.00
Low Stock Price Forecast
$88.00
Forecasted Upside/Downside
+10.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
12 Analysts

Profitability

Net Income
$559 million
Pretax Margin
30.08%

Debt

Sales & Book Value

Annual Sales
$7.58 billion
Cash Flow
$6.97 per share
Book Value
$22.68 per share

Miscellaneous

Free Float
277,693,000
Market Cap
$40.65 billion
Optionable
Optionable
Beta
1.58

Social Links


Key Executives

  • Mr. John B. HessMr. John B. Hess (Age 68)
    CEO & Director
    Comp: $3.91M
  • Mr. John P. RiellyMr. John P. Rielly (Age 60)
    Exec. VP & CFO
    Comp: $1.61M
  • Mr. Gregory P. HillMr. Gregory P. Hill (Age 61)
    COO and Pres of Exploration & Production
    Comp: $2.64M
  • Mr. Timothy B. GoodellMr. Timothy B. Goodell (Age 65)
    Exec. VP, Gen. Counsel, Corp. Sec. & Chief Compliance Officer
    Comp: $1.59M
  • Mr. Richard LynchMr. 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. SlentzMr. 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.













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 3 hold ratings and 9 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 2023?

12 Wall Street research analysts have issued 1-year price targets for Hess' stock. Their HES share price forecasts range from $88.00 to $166.00. On average, they predict the company's stock price to reach $146.15 in the next twelve months. This suggests a possible upside of 9.5% 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 beginning of the year. Since then, HES stock has increased by 80.3% and is now trading at $133.44.
View the best growth stocks for 2022 here
.

Are investors shorting Hess?

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 days-to-cover ratio is currently 2.7 days. Approximately 2.0% of the company's shares 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, January 25th 2023.
View our HES earnings forecast
.

How were Hess' earnings last quarter?

Hess Co. (NYSE:HES) posted its quarterly earnings results on Wednesday, October, 26th. The oil and gas producer reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.88 by $0.01. The oil and gas producer had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $2.94 billion. Hess had a net margin of 17.31% and a trailing twelve-month return on equity of 25.57%.

How often does Hess pay dividends? What is the dividend yield for Hess?

Hess declared a quarterly dividend on Wednesday, December 7th. Investors of record on Monday, December 19th will be paid a dividend of $0.375 per share on Thursday, December 29th. This represents a $1.50 dividend on an annualized basis and a yield of 1.12%.
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 1.11%. 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.

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."

Who are Hess' major shareholders?

Hess' stock is owned by a number of institutional and retail 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
.

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 $133.44.

How much money does Hess make?

Hess (NYSE:HES) has a market capitalization of $41.14 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.

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.
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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 12/9/2022 by MarketBeat.com Staff