Zacks Research Has Bearish Estimate for Hess FY2026 Earnings

Hess Co. (NYSE:HES - Free Report) - Investment analysts at Zacks Research dropped their FY2026 earnings estimates for shares of Hess in a report released on Wednesday, April 16th. Zacks Research analyst R. Department now expects that the oil and gas producer will earn $10.82 per share for the year, down from their prior forecast of $11.52. The consensus estimate for Hess' current full-year earnings is $8.08 per share.

Other research analysts also recently issued research reports about the stock. UBS Group dropped their target price on shares of Hess from $170.00 to $163.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Susquehanna dropped their price objective on Hess from $160.00 to $136.00 and set a "neutral" rating on the stock in a research note on Tuesday. StockNews.com began coverage on Hess in a research note on Saturday. They set a "hold" rating for the company. Pickering Energy Partners raised Hess to a "hold" rating in a research report on Friday, January 3rd. Finally, Scotiabank reduced their price objective on Hess from $164.00 to $146.58 and set a "sector perform" rating for the company in a research report on Friday, April 11th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $164.46.

Hess Stock Up 0.2 %

Shares of HES traded up $0.24 during trading hours on Friday, hitting $130.62. 958,704 shares of the company were exchanged, compared to its average volume of 1,886,192. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.13 and a current ratio of 1.12. The company has a market cap of $40.27 billion, a PE ratio of 14.51 and a beta of 0.88. The firm's 50 day moving average is $144.46 and its 200-day moving average is $142.13. Hess has a 52 week low of $123.79 and a 52 week high of $163.98.

Hess (NYSE:HES - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The oil and gas producer reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.32. Hess had a net margin of 21.27% and a return on equity of 26.32%.

Hedge Funds Weigh In On Hess

Several institutional investors have recently bought and sold shares of HES. GAMMA Investing LLC increased its stake in shares of Hess by 16,134.6% in the first quarter. GAMMA Investing LLC now owns 1,546,506 shares of the oil and gas producer's stock valued at $2,470,230,000 after buying an additional 1,536,980 shares in the last quarter. Bank of New York Mellon Corp increased its position in Hess by 46.3% in the 4th quarter. Bank of New York Mellon Corp now owns 2,930,509 shares of the oil and gas producer's stock valued at $389,787,000 after acquiring an additional 927,093 shares in the last quarter. Symmetry Investments LP raised its stake in shares of Hess by 154.1% in the fourth quarter. Symmetry Investments LP now owns 1,381,076 shares of the oil and gas producer's stock worth $183,697,000 after acquiring an additional 837,662 shares during the last quarter. Adage Capital Partners GP L.L.C. lifted its position in shares of Hess by 6.5% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 11,438,985 shares of the oil and gas producer's stock worth $1,521,499,000 after purchasing an additional 698,866 shares in the last quarter. Finally, Point72 Asset Management L.P. grew its stake in shares of Hess by 164.1% during the fourth quarter. Point72 Asset Management L.P. now owns 769,042 shares of the oil and gas producer's stock valued at $102,290,000 after purchasing an additional 477,796 shares during the last quarter. Institutional investors own 88.51% of the company's stock.

Insider Buying and Selling at Hess

In other news, CEO John B. Hess sold 175,000 shares of the business's stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $159.30, for a total value of $27,877,500.00. Following the transaction, the chief executive officer now directly owns 2,384,679 shares of the company's stock, valued at $379,879,364.70. The trade was a 6.84 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 9.10% of the company's stock.

Hess Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date was Monday, March 17th. Hess's dividend payout ratio is 22.22%.

About Hess

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.