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NYSE:HES

Hess (HES) Stock Price, News & Analysis

$152.35
+1.80 (+1.20%)
(As of 02:23 PM ET)
Today's Range
$150.91
$152.88
50-Day Range
$137.11
$151.98
52-Week Range
$124.27
$167.75
Volume
1.12 million shs
Average Volume
2.78 million shs
Market Capitalization
$46.79 billion
P/E Ratio
33.86
Dividend Yield
1.15%
Price Target
$175.23

Hess MarketRank™ Stock Analysis

Analyst Rating
Hold
2.45 Rating Score
Upside/​Downside
15.8% Upside
$175.23 Price Target
Short Interest
Healthy
1.87% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-7.49
Upright™ Environmental Score
News Sentiment
0.46mentions of Hess in the last 14 days
Based on 19 Articles This Week
Insider Trading
Selling Shares
$22.81 M Sold Last Quarter
Proj. Earnings Growth
35.22%
From $7.44 to $10.06 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.

4.60 out of 5 stars

Oils/Energy Sector

31st out of 242 stocks

Petroleum Refining Industry

4th out of 17 stocks

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

Hess Co. (NYSE:HES) SVP Sells $2,103,184.68 in Stock
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.
AI to Meet the Same Fate as EVs?
When these tech bubbles burst, they invariably leave investors disillusioned by their losses. Now, many worry a similar fate is awaiting AI. And one man, legendary financial analyst Porter Stansberry, who called Nvidia at $11…
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
Hess Co. (NYSE:HES) SVP Sells $153,480.24 in Stock
Are These 5 Undervalued Stocks Ready to Break Out?
Albemarle Corp. NYSE: ALB, Ionis Pharmaceuticals Inc. NASDAQ: IONS, Insulet Corp. NASDAQ: PODD, Hess Corp. NYSE: HES and Wynn Resorts Ltd. NASDAQ: WYNN are among undervalued stocks that beat analysts earnings views.
Are These 5 Undervalued Stocks Ready to Break Out? (HES)
Undervalued stocks Albemarle, Ionis, Insulet, Hess and Wynn beat earnings views, offering potential for investors to buy quality companies at discounted prices.
3 Stocks to Watch on Oil's New Bull Cycle
Oil has seen little to no attention in the past 12 to 24 months. Most of the market's focus has gone into technology stocks, with names like NVIDIA NASDAQ: NVDA breaking past its all-time high multiple times on explosive financials and hype surrounding artificial intelligence as it is being adopted by more and more industries today.
AI to Meet the Same Fate as EVs?
When these tech bubbles burst, they invariably leave investors disillusioned by their losses. Now, many worry a similar fate is awaiting AI. And one man, legendary financial analyst Porter Stansberry, who called Nvidia at $11…
3 Stocks to Watch on Oil’s New Bull Cycle (HES)
Investors will pump oil stocks higher if Goldman is right when they predict oil prices will reach $100 a barrel; here are three stocks that could benefit
StockNews.com Initiates Coverage on Hess (NYSE:HES)
Mizuho Boosts Hess (NYSE:HES) Price Target to $205.00
Demystifying Hess: Insights From 5 Analyst Reviews
See More Headlines
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Company Calendar

Ex-Dividend for 12/29 Dividend
12/15/2023
Dividend Payable
12/29/2023
Last Earnings
1/31/2024
Ex-Dividend for 3/28 Dividend
3/15/2024
Today
3/28/2024
Dividend Payable
3/28/2024
Next Earnings (Estimated)
4/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Petroleum refining
Sub-Industry
Integrated Oil & Gas
CUSIP
42809H10
CIK
4447
Employees
1,756
Year Founded
1933

Price Target and Rating

Average Stock Price Target
$175.23
High Stock Price Target
$210.00
Low Stock Price Target
$153.00
Potential Upside/Downside
+16.4%
Consensus Rating
Hold
Rating Score (0-4)
2.45
Research Coverage
11 Analysts

Profitability

Net Income
$1.38 billion
Pretax Margin
23.21%

Debt

Sales & Book Value

Annual Sales
$10.51 billion
Cash Flow
$11.65 per share
Book Value
$31.26 per share

Miscellaneous

Free Float
276,713,000
Market Cap
$46.24 billion
Optionable
Optionable
Beta
1.27

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Should I Buy Hess Stock? HES Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Hess was last updated on Monday, March 25, 2024 at 11:26 PM.

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, with senior executives selling shares at prices reflecting positive outlooks.
  • Hess Co.'s involvement in midstream operations, including natural gas processing and transportation, adds value to its overall business model and revenue streams.
  • 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 petroleum refining industry is subject to market volatility and regulatory changes, impacting the company's profitability and stock performance.
  • While exploration activities offer growth potential, they also come with inherent risks such as dry wells or regulatory hurdles that could impact the company's financial health.
  • High levels of insider selling could raise concerns about the company's long-term growth prospects and management's confidence in future performance.
  • Fluctuations in oil and gas prices, influenced by global economic conditions and geopolitical factors, can directly impact Hess Co.'s revenue and profitability.
  • Investors should carefully monitor industry trends and competitive landscape to assess Hess Co.'s position relative to peers and potential challenges in the market.

HES Stock Analysis - Frequently Asked Questions

Should I buy or sell Hess stock right now?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Hess in the last year. There are currently 6 hold ratings and 5 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?

11 Wall Street analysts have issued 12 month target prices for Hess' stock. Their HES share price targets range from $153.00 to $210.00. On average, they predict the company's stock price to reach $175.23 in the next year. This suggests a possible upside of 15.8% 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 start of the year. Since then, HES shares have increased by 5.0% and is now trading at $151.38.
View the best growth stocks for 2024 here
.

Are investors shorting Hess?

Hess saw a decline in short interest during the month of March. As of March 15th, there was short interest totaling 5,190,000 shares, a decline of 19.0% from the February 29th total of 6,410,000 shares. Based on an average trading volume of 2,750,000 shares, the days-to-cover ratio is currently 1.9 days. Currently, 1.9% of the shares of the company are short sold.
View Hess' Short Interest
.

When is Hess' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 24th 2024.
View our HES earnings forecast
.

How were Hess' earnings last quarter?

Hess Co. (NYSE:HES) announced its earnings results on Wednesday, January, 31st. The oil and gas producer reported $1.63 EPS for the quarter, topping 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 net margin of 12.98% and a trailing twelve-month return on equity of 17.00%. The firm's quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the business posted $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 1.17%. 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 17.40% 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).

Who are Hess' major shareholders?

Hess' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (10.36%), Primecap Management Co. CA (2.59%), Price T Rowe Associates Inc. MD (1.67%), Fayez Sarofim & Co (1.55%), Capital World Investors (1.30%) and Massachusetts Financial Services Co. MA (1.26%). 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 3/28/2024 by MarketBeat.com Staff

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