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NYSE:HES

Hess (HES) Stock Price, News & Analysis

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Free HES Stock Alerts
$151.21
+0.41 (+0.27%)
(As of 02:40 PM ET)
Compare
Today's Range
$150.54
▼
$152.19
50-Day Range
$142.07
▼
$158.03
52-Week Range
$124.27
▼
$167.75
Volume
488,497 shs
Average Volume
2.58 million shs
Market Capitalization
$46.59 billion
P/E Ratio
33.60
Dividend Yield
1.16%
Price Target
$176.67
Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability

Hess MarketRank™ Stock Analysis

Analyst Rating
Hold
2.40 Rating Score
Upside/​Downside
16.7% Upside
$176.75 Price Target
Short Interest
Healthy
2.09% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-7.49
Upright™ Environmental Score
News Sentiment
0.22mentions of Hess in the last 14 days
Based on 40 Articles This Week
Insider Trading
Selling Shares
$22.81 M Sold Last Quarter
Proj. Earnings Growth
37.95%
From $8.09 to $11.16 Per Share

Overall MarketRank™

New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.05 out of 5 stars

Oils/Energy Sector

54th out of 234 stocks

Petroleum Refining Industry

7th out of 16 stocks

See Top Rated MarketRank™ Stocks Here
HES stock logo

About Hess Stock (NYSE:HES)

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. The company was incorporated in 1920 and is headquartered in New York, New York.

HES Stock Price History

HES Stock News Headlines

April 13, 2024 | marketbeat.com
5 Trends You Need to Know This Quarter
The global financial markets are like a machine, and each asset class acts as a cog that twists and turns each cycle. Today, there are a few key trends that investors should be aware of before the quarter ends to help them consider the best themes for growing their wealth.
April 13, 2024 | marketbeat.com
5 Trends You Need to Know This Quarter (HES)
Five key trends stand out for investors to keep in mind for the next quarter, all bringing their own set of opportunities that cannot be missed.
April 18, 2024 | GoldenCrest Metals (Ad)
Emergency: Biden's $20 Trillion Mistake Could Cost YOU!
The stakes have never been higher for your savings. Here's the hard truth: A banking crisis is looming. Your money is in the crosshairs of a $20 trillion commercial loan debt disaster, set to erupt.
March 22, 2024 | insidertrades.com
Hess Co. (NYSE:HES) SVP Sells $2,103,184.68 in Stock
March 18, 2024 | marketbeat.com
Oil Prices Up Again, Should You Buy This Time?
Oil is – and has always been – the primary driver in energy stocks. When prices swing as aggressively as they are about to, investors tend to position themselves with more than clear expectations.
March 18, 2024 | marketbeat.com
Oil Prices Up Again, Should You Buy This Time? (HES)
A new leg up for oil prices is causing a ripple effect throughout the market; three stocks quickly became favorite must-haves this cycle
April 18, 2024 | stockhouse.com
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates HES, ANSS, NS
April 18, 2024 | msn.com
Removing and reusing plastic from electronic waste
April 18, 2024 | GoldenCrest Metals (Ad)
Emergency: Biden's $20 Trillion Mistake Could Cost YOU!
The stakes have never been higher for your savings. Here's the hard truth: A banking crisis is looming. Your money is in the crosshairs of a $20 trillion commercial loan debt disaster, set to erupt.
April 18, 2024 | markets.businessinsider.com
Piper Sandler Keeps Their Buy Rating on Hess (HES)
April 18, 2024 | markets.businessinsider.com
6 Analysts Assess Hess: What You Need To Know
April 18, 2024 | fool.com
Why I Just Bought More of This Top Oil Stock
April 18, 2024 | americanbankingnews.com
Hess (HES) Set to Announce Earnings on Thursday
April 18, 2024 | msn.com
HESS Program gives students an “out of this world” experience at the Challenger Learning Center
April 17, 2024 | msn.com
Contact 2 investigates allegation an Illinois roofing company is operating illegally
April 17, 2024 | omaha.com
‘There’s an elephant!’: Escaped circus star stuns onlookers, stops traffic in Montana
April 17, 2024 | msn.com
New MUSC trial presenting possible treatment for B-cell lymphoma
April 17, 2024 | americanbankingnews.com
Hess (NYSE:HES) Coverage Initiated by Analysts at StockNews.com
April 16, 2024 | omaha.com
Watch: Elephant loose in Butte (videos by Josh Hannifin and Bailee Hess)
April 15, 2024 | msn.com
Researchers discover previously unknown gene that indirectly promotes photosynthesis in blue-green algae
April 15, 2024 | finance.yahoo.com
Exxon Ups Mammoth Offshore Guyana Production by Another 100,000 bbl/d
April 14, 2024 | seekingalpha.com
Hess Corporation And An Acquisition That Might Not Close
April 14, 2024 | 247wallst.com
6 Ultimate Dividend Stocks for Long-Term Passive Income Growth
April 13, 2024 | dallasnews.com
Olivia Hess nets game-winner to lead Prosper past Westlake for program’s first state title
April 13, 2024 | forbes.com
Every Spike Lee Movie, Ranked And In Release Order
April 13, 2024 | msn.com
Wisconsin School Search for 'Christian' Superintendent Sparks Backlash
April 12, 2024 | msn.com
York County metalworking company opens new Headquarters
See More Headlines
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Company Calendar

Last Earnings
1/31/2024
Ex-Dividend for 3/28 Dividend
3/15/2024
Dividend Payable
3/28/2024
Today
4/18/2024
Next Earnings (Confirmed)
4/25/2024
Fiscal Year End
12/31/2024
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Sector
Oils/Energy
Industry
Petroleum refining
Sub-Industry
Integrated Oil & Gas
Current Symbol
NYSE:HES
CUSIP
42809H10
CIK
4447
Web
www.hess.com
Phone
(212) 997-8500
Fax
212-536-8390
Employees
1,756
Year Founded
1933

Price Target and Rating

Average Stock Price Target
$176.67
High Stock Price Target
$210.00
Low Stock Price Target
$153.00
Potential Upside/Downside
+17.2%
Consensus Rating
Hold
Rating Score (0-4)
2.40
Research Coverage
10 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$4.50
Trailing P/E Ratio
33.51
Forward P/E Ratio
19.41
P/E Growth
N/A
Net Income
$1.38 billion
Net Margins
12.98%
Pretax Margin
23.21%
Return on Equity
17.00%
Return on Assets
6.79%

Debt

Debt-to-Equity Ratio
0.88
Current Ratio
1.05
Quick Ratio
0.96

Sales & Book Value

Annual Sales
$10.51 billion
Price / Sales
4.42
Cash Flow
$11.65 per share
Price / Cash Flow
12.94
Book Value
$31.26 per share
Price / Book
4.82

Miscellaneous

Outstanding Shares
308,103,000
Free Float
278,032,000
Market Cap
$46.46 billion
Optionable
Optionable
Beta
1.27

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Should I Buy Hess Stock? HES Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Hess Co.:

  • Hess Co. has been actively involved in exploration and production activities in lucrative regions like Guyana and the U.S. Gulf of Mexico, offering potential for significant oil and gas discoveries.
  • The company's diversified operations in the United States, Malaysia, and other areas provide geographical spread, reducing risk associated with operating in a single region.
  • Recent insider selling activities indicate confidence in the company's performance, which could be seen as a positive sign for investors.
  • Hess Co.'s involvement in midstream operations, including natural gas processing and transportation, adds value to its overall business model.
  • Considering the current stock price and market trends, Hess Co. may present a favorable investment opportunity for those seeking exposure to the petroleum refining industry.

Cons

Investors should be bearish about investing in Hess Co. for these reasons:

  • The volatility in oil and gas prices could impact Hess Co.'s profitability and stock performance, making it susceptible to market fluctuations.
  • Despite the company's diversification efforts, any disruptions in key operating regions could adversely affect production and financial results.
  • Ongoing regulatory changes and environmental concerns in the petroleum industry may pose challenges to Hess Co.'s operations and future growth prospects.
  • High levels of insider selling could raise concerns about the company's internal outlook and potential risks that insiders may be aware of.
  • Investors should carefully assess the overall economic conditions and industry trends before making investment decisions related to Hess Co., considering the inherent risks associated with the oil and gas sector.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, April 11, 2024. Please send any questions or comments about these Hess pros and cons to contact@marketbeat.com.

HES Stock Analysis - Frequently Asked Questions

Should I buy or sell Hess stock right now?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Hess in the last year. There are currently 6 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" HES shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in HES, but not buy additional shares or sell existing shares.
View HES analyst ratings or view top-rated stocks.

What is Hess' stock price target for 2024?

10 Wall Street analysts have issued 12 month price targets for Hess' shares. Their HES share price targets range from $153.00 to $210.00. On average, they anticipate the company's stock price to reach $176.75 in the next year. This suggests a possible upside of 16.7% 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 2024?

Hess' stock was trading at $144.16 at the beginning of 2024. Since then, HES shares have increased by 5.0% and is now trading at $151.42.
View the best growth stocks for 2024 here.

Are investors shorting Hess?

Hess saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 5,800,000 shares, an increase of 11.8% from the March 15th total of 5,190,000 shares. Based on an average daily volume of 2,730,000 shares, the short-interest ratio is currently 2.1 days. Approximately 2.1% of the company's 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 Thursday, April 25th 2024.
View our HES earnings forecast.

How were Hess' earnings last quarter?

Hess Co. (NYSE:HES) announced its quarterly earnings results on Wednesday, January, 31st. The oil and gas producer reported $1.63 EPS for the quarter, beating the consensus estimate of $1.43 by $0.20. The oil and gas producer earned $3.04 billion during the quarter, compared to the consensus estimate of $2.76 billion. Hess had a trailing twelve-month return on equity of 17.00% and a net margin of 12.98%. The company's revenue was down .6% on a year-over-year basis. During the same quarter last year, the company earned $1.78 EPS.

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

Hess announced a quarterly dividend on Wednesday, March 6th. Investors of record on Monday, March 18th will be paid a dividend of $0.4375 per share on Thursday, March 28th. This represents a $1.75 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date is Friday, March 15th.
Read our dividend analysis for HES.

Is Hess a good dividend stock?

Hess (NYSE:HES) pays an annual dividend of $1.75 per share and currently has a dividend yield of 1.16%. 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 38.89%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HES will have a dividend payout ratio of 15.68% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HES.

What ETFs hold Hess' stock?

ETFs with the largest weight of Hess (NYSE:HES) stock in their portfolio include IQ Merger Arbitrage ETF (MNA), AltShares Event-Driven ET (EVNT), Invesco S&P 500 Equal Weight Energy ETF (RSPG), iShares U.S. Oil & Gas Exploration & Production ETF (IEO), Invesco S&P 500 Equal Weight Energy ETF (RYE), Invesco Dorsey Wright Energy Momentum ETF (PXI), Adaptive Core ETF (RULE) and AltShares Merger Arbitrage ETF (ARB).

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).

Who are Hess' major shareholders?

Hess' stock is owned by many different retail and institutional investors. Top institutional shareholders include Packer & Co Ltd (0.22%), Factory Mutual Insurance Co. (0.08%), Perpetual Ltd (0.06%), Cohen Klingenstein LLC (0.04%), Artemis Investment Management LLP (0.03%) and Miller Howard Investments Inc. NY (0.01%). Insiders that own company stock include Andrew P Slentz, Barbara J Lowery-Yilmaz, Corp Hess, Geurt G Schoonman, 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.

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

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.
Read More
This page (NYSE:HES) was last updated on 4/18/2024 by MarketBeat.com Staff

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