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Hess - HES Stock Forecast, Price & News

$137.57
-1.21 (-0.87%)
(As of 02/3/2023 12:00 AM ET)
Add
Compare
Today's Range
$137.44
$142.75
50-Day Range
$129.32
$160.44
52-Week Range
$89.09
$160.52
Volume
1.85 million shs
Average Volume
1.86 million shs
Market Capitalization
$42.41 billion
P/E Ratio
19.13
Dividend Yield
1.04%
Price Target
$164.00

Hess MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.64 Rating Score
Upside/​Downside
19.2% Upside
$164.00 Price Target
Short Interest
Healthy
1.99% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-7.49
Upright™ Environmental Score
News Sentiment
-0.03mentions of Hess in the last 14 days
Based on 27 Articles This Week
Insider Trading
Selling Shares
$31.45 M Sold Last Quarter
Proj. Earnings Growth
31.23%
From $7.91 to $10.38 Per Share

Overall MarketRank

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

2.77 out of 5 stars

Oils/Energy Sector

31st out of 241 stocks

Petroleum Refining Industry

3rd out of 19 stocks

HES stock logo

About Hess (NYSE:HES) Stock

Hess Corp is an exploration and production company, which engages in exploration, development, production, transportation, purchase & sale of crude oil, natural gas liquids and natural gas with production operations. It operates through the following segments: Exploration and Production and Midstream. The Exploration and Production segment explores for, develops, produces, purchases and sells crude oil, natural gas liquids and natural gas. The Midstream segment provides fee-based services including crude oil and natural gas gathering, processing of natural gas and the fractionation of natural gas liquids, 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 shale play of North Dakota. The company was founded by Leon Hess in 1920 and is headquartered in New York, NY.

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HES Stock News Headlines

Cash Holders STILL Aren't Taking Steps to Prepare
Stocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.
Hess Co. (NYSE:HES) SVP Sells $795,061.46 in Stock
Analysts Set Hess Co. (NYSE:HES) PT at $164.00
Citigroup Boosts Hess (NYSE:HES) Price Target to $160.00
Hess (NYSE:HES) PT Raised to $200.00 at Bank of America
Susquehanna Raises Hess (NYSE:HES) Price Target to $185.00
Cash Holders STILL Aren't Taking Steps to Prepare
Stocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.
Hess (NYSE:HES) Downgraded to Neutral at The Goldman Sachs Group
Hess (NYSE:HES) PT Raised to $170.00 at Wells Fargo & Company
Hess (NYSE:HES) PT Raised to $150.00 at Credit Suisse Group
Hess (NYSE:HES) PT Raised to $160.00
Hess Announces 2023 E&P Capital and Exploratory Budget
Hess (HES) Gains But Lags Market: What You Should Know
3 Oil Stocks Set To Outperform In 2023
See More Headlines
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HES Company Calendar

Ex-Dividend for 12/29 Dividend
12/16/2022
Dividend Payable
12/29/2022
Last Earnings
1/25/2023
Today
2/03/2023
Next Earnings (Estimated)
4/26/2023
Fiscal Year End
12/31/2023

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
$164.00
High Stock Price Forecast
$200.00
Low Stock Price Forecast
$130.00
Forecasted Upside/Downside
+19.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.64
Research Coverage
14 Analysts

Profitability

Net Income
$2.22 billion
Pretax Margin
31.82%

Debt

Sales & Book Value

Annual Sales
$11.57 billion
Cash Flow
$12.08 per share
Book Value
$27.97 per share

Miscellaneous

Free Float
277,693,000
Market Cap
$42.41 billion
Optionable
Optionable
Beta
1.55

Social Links


Key Executives

  • John B. HessJohn B. Hess
    Chief Executive Officer & Director
  • Gregory P. HillGregory P. Hill
    President & Chief Operating Officer
  • John P. RiellyJohn P. Rielly
    Executive VP, Chief Financial & Accounting Officer
  • Richard LynchRichard Lynch
    Senior Vice President-Technology & Services
  • Tim Goodell
    Secretary, Chief Compliance Officer & Executive VP













HES Stock - Frequently Asked Questions

Should I buy or sell Hess stock right now?

14 Wall Street 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 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?

14 Wall Street research analysts have issued 12 month price objectives for Hess' stock. Their HES share price forecasts range from $130.00 to $200.00. On average, they expect the company's share price to reach $164.00 in the next year. This suggests a possible upside of 19.2% 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 2023?

Hess' stock was trading at $141.82 at the start of the year. Since then, HES shares have decreased by 3.0% and is now trading at $137.57.
View the best growth stocks for 2023 here
.

Are investors shorting Hess?

Hess saw a drop in short interest in December. As of December 30th, there was short interest totaling 5,330,000 shares, a drop of 7.5% from the December 15th total of 5,760,000 shares. Based on an average daily trading volume, of 1,840,000 shares, the short-interest ratio is presently 2.9 days. Approximately 1.9% of the shares of the stock 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, April 26th 2023.
View our HES earnings forecast
.

How were Hess' earnings last quarter?

Hess Co. (NYSE:HES) announced its earnings results on Wednesday, January, 25th. The oil and gas producer reported $1.78 earnings per share for the quarter, topping 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 analysts' expectations of $2.83 billion. Hess had a net margin of 19.21% and a trailing twelve-month return on equity of 27.85%. The company's revenue for the quarter was up 35.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.85 EPS.
Read the conference call transcript
.

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

Hess declared a quarterly dividend on Wednesday, December 7th. Stockholders 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 annualized dividend and a dividend yield of 1.09%. The ex-dividend date is Friday, December 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 1.04%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 20.86%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HES will have a dividend payout ratio of 14.45% 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 many different retail and institutional investors. Top institutional investors include Fisher Asset Management LLC (1.52%), Keybank National Association OH (0.31%), Sumitomo Mitsui Trust Holdings Inc. (0.28%), Artemis Investment Management LLP (0.24%), Kornitzer Capital Management Inc. KS (0.22%) and Scout Investments Inc. (0.16%). 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 $137.57.

How much money does Hess make?

Hess (NYSE:HES) has a market capitalization of $42.41 billion and generates $11.57 billion in revenue each year. The oil and gas producer earns $2.22 billion in net income (profit) each year or $7.19 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 2/3/2023 by MarketBeat.com Staff