Hess - HES Stock Forecast, Price & News

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Hess in the last twelve months. There are currently 5 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" HES shares.
View HES analyst ratings or view top-rated stocks.

14 Wall Street analysts have issued 1-year price targets for Hess' stock. Their HES share price forecasts range from $139.00 to $200.00. On average, they anticipate the company's stock price to reach $165.60 in the next twelve months. This suggests a possible upside of 25.1% 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 $141.82 at the start of the year. Since then, HES shares have decreased by 6.7% and is now trading at $132.34.
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Hess saw a decline in short interest in the month of March. As of March 15th, there was short interest totaling 3,960,000 shares, a decline of 5.7% from the February 28th total of 4,200,000 shares. Based on an average daily volume of 1,750,000 shares, the days-to-cover ratio is presently 2.3 days. Approximately 1.4% of the company's stock are short sold.
View Hess' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 26th 2023.
View our HES earnings forecast.

Hess Co. (NYSE:HES) released its earnings results on Wednesday, January, 25th. The oil and gas producer reported $1.78 EPS for the quarter, beating the consensus estimate of $1.69 by $0.09. The oil and gas producer had revenue of $3.05 billion for the quarter, compared to the consensus estimate of $2.83 billion. Hess had a net margin of 19.21% and a trailing twelve-month return on equity of 27.97%. The company's quarterly revenue was up 35.4% compared to the same quarter last year. During the same period last year, the company earned $0.85 earnings per share.
Read the conference call transcript.

Hess announced a quarterly dividend on Wednesday, March 1st. Stockholders of record on Monday, March 13th will be paid a dividend of $0.438 per share on Thursday, March 30th. This represents a $1.75 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend is Friday, March 10th. This is a boost from the stock's previous quarterly dividend of $0.38.
Read our dividend analysis for HES.

ETFs with the largest weight of Hess (NYSE:HES) stock in their portfolio include iShares U.S. Oil & Gas Exploration & Production ETF (IEO), Invesco S&P 500 Equal Weight Energy ETF (RYE), Invesco DWA Energy Momentum ETF (PXI), First Trust Natural Gas ETF (FCG), First Trust Energy AlphaDEX Fund (FXN), Energy Select Sector SPDR Fund (XLE), AdvisorShares Dorsey Wright Alpha Equal Weight ETF (DWEQ) and SPDR S&P Oil & Gas Exploration & Production ETF (XOP).

Hess (NYSE:HES) pays an annual dividend of $1.75 per share and currently has a dividend yield of 1.35%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 24.34%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HES will have a dividend payout ratio of 18.19% 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 many different institutional and retail investors. Top institutional shareholders include Price T Rowe Associates Inc. MD (3.08%), Geode Capital Management LLC (1.83%), Barrow Hanley Mewhinney & Strauss LLC (1.77%), Fisher Asset Management LLC (1.52%), Fayez Sarofim & Co (1.34%) and Dimensional Fund Advisors LP (0.84%). 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, 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 $132.34.

Hess (NYSE:HES) has a market capitalization of $40.52 billion and generates $11.57 billion in revenue each year. The oil and gas producer earns $2.10 billion in net income (profit) each year or $7.19 on an earnings per share basis.

The company employs 1,623 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.