Zacks Research Issues Pessimistic Estimate for Hess Earnings

Hess Co. (NYSE:HES - Free Report) - Zacks Research decreased their Q1 2025 earnings per share estimates for Hess in a report released on Tuesday, January 14th. Zacks Research analyst R. Department now forecasts that the oil and gas producer will post earnings per share of $1.60 for the quarter, down from their previous estimate of $1.62. The consensus estimate for Hess' current full-year earnings is $9.51 per share. Zacks Research also issued estimates for Hess' Q2 2025 earnings at $1.65 EPS, Q4 2025 earnings at $1.86 EPS, FY2025 earnings at $6.81 EPS, Q3 2026 earnings at $1.92 EPS, Q4 2026 earnings at $2.06 EPS and FY2026 earnings at $7.92 EPS.

HES has been the subject of a number of other reports. Wells Fargo & Company upgraded Hess from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $151.00 to $193.00 in a report on Monday, December 9th. Wolfe Research upgraded Hess from a "peer perform" rating to an "outperform" rating and set a $150.00 price objective for the company in a research report on Monday, September 30th. UBS Group lifted their price objective on Hess from $173.00 to $185.00 and gave the stock a "buy" rating in a research note on Tuesday, December 3rd. StockNews.com began coverage on shares of Hess in a research report on Monday. They set a "hold" rating for the company. Finally, BMO Capital Markets boosted their price target on shares of Hess from $155.00 to $160.00 and gave the stock an "outperform" rating in a research report on Friday, October 4th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $170.50.

Hess Trading Up 0.5 %

Shares of HES stock traded up $0.79 during trading hours on Thursday, hitting $149.71. 1,298,121 shares of the company's stock traded hands, compared to its average volume of 1,816,502. The stock has a market cap of $46.13 billion, a PE ratio of 17.45 and a beta of 1.18. The stock's 50 day simple moving average is $140.34 and its 200 day simple moving average is $139.48. The company has a quick ratio of 1.13, a current ratio of 1.26 and a debt-to-equity ratio of 0.75. Hess has a 12 month low of $123.79 and a 12 month high of $163.98.

Hess (NYSE:HES - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The oil and gas producer reported $2.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.88 by $0.26. Hess had a net margin of 20.58% and a return on equity of 27.41%. The business had revenue of $3.20 billion during the quarter, compared to analyst estimates of $2.96 billion. During the same quarter last year, the business earned $1.64 EPS. The firm's quarterly revenue was up 12.7% on a year-over-year basis.

Hess Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.34%. Hess's payout ratio is presently 23.31%.

Insider Buying and Selling

In related news, CEO John B. Hess sold 90,476 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $142.47, for a total value of $12,890,115.72. Following the transaction, the chief executive officer now directly owns 223,147 shares in the company, valued at $31,791,753.09. This trade represents a 28.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Geurt G. Schoonman sold 6,000 shares of the business's stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $141.91, for a total transaction of $851,460.00. Following the sale, the senior vice president now owns 27,581 shares of the company's stock, valued at $3,914,019.71. This trade represents a 17.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 314,370 shares of company stock valued at $45,856,309 over the last ninety days. 9.76% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in HES. Covestor Ltd raised its holdings in shares of Hess by 59.8% in the 3rd quarter. Covestor Ltd now owns 262 shares of the oil and gas producer's stock worth $36,000 after acquiring an additional 98 shares during the last quarter. FSA Wealth Management LLC purchased a new stake in shares of Hess in the third quarter worth approximately $37,000. Eastern Bank bought a new position in shares of Hess in the third quarter valued at approximately $48,000. LRI Investments LLC boosted its position in shares of Hess by 157.2% during the third quarter. LRI Investments LLC now owns 355 shares of the oil and gas producer's stock valued at $51,000 after buying an additional 217 shares during the last quarter. Finally, Coastline Trust Co bought a new stake in Hess during the third quarter worth $55,000. 88.51% of the stock is owned by institutional investors.

Hess Company Profile

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.