Hess (HES) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $132.42 to $134.75
• 50-Day Range: $126.29 to $155.44
• 52-Week Range: $123.79 to $167.75
• Volume: 1.25 million shs
• Average Volume: 2.23 million shs
• Market Capitalization: $41.13 billion
• P/E Ratio: 20.44
• Dividend Yield: 1.50%
• Price Target: $171.31
• Consensus Rating: Hold

Hess Stock Analysis - MarketRank™

Hess scored higher than 96% of companies evaluated by MarketBeat, and ranked 29th out of 253 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.2 / 5
• Analyst Rating: Hold

Consensus Rating

Hess has received a consensus rating of Hold. The company's average rating score is 2.46, and is based on 6 buy ratings, 7 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Hess has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 10.42%

Earnings Growth

Earnings for Hess are expected to grow by 10.42% in the coming year, from $11.04 to $12.19 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Hess is 20.44, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 139.60.

Price to Earnings Ratio vs. Sector

The P/E ratio of Hess is 20.44, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 15.56.

Price to Book Value per Share Ratio

Hess has a P/B Ratio of 4.27. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.05% of the float of Hess has been sold short.

Short Interest Ratio / Days to Cover

Hess has a short interest ratio ("days to cover") of 3.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Hess pays a meaningful dividend of 1.36%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Hess does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Hess is 30.63%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Hess will have a dividend payout ratio of 16.41% next year. This indicates that Hess will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 1.2 / 5
• Environmental Score: -7.49

Percentage of Shares Shorted

2.05% of the float of Hess has been sold short.

Short Interest Ratio / Days to Cover

Hess has a short interest ratio ("days to cover") of 3.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

News and Social Media

• Score: 2.3 / 5
• News Sentiment: 0.17

News Sentiment

Hess has a news sentiment score of 0.17. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.54 average news sentiment score of Oils/Energy companies.

News Coverage This Week

MarketBeat has tracked 30 news articles for Hess this week, compared to 18 articles on an average week.

Search Interest

16 people have searched for HES on MarketBeat in the last 30 days. This is an increase of 7% compared to the previous 30 days.

MarketBeat Follows

Only 3 people have added Hess to their MarketBeat watchlist in the last 30 days. This is a decrease of -67% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Hess insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 9.76% of the stock of Hess is held by insiders.

Percentage Held by Institutions

88.51% of the stock of Hess is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

HES Stock Analysis - Frequently Asked Questions

How have HES shares performed this year?

Hess' stock was trading at $144.16 on January 1st, 2024. Since then, HES shares have decreased by 7.4% and is now trading at $133.50.
View the best growth stocks for 2024 here.

How were Hess' earnings last quarter?

Hess Co. (NYSE:HES) released its quarterly earnings data on Wednesday, July, 31st. The oil and gas producer reported $2.62 EPS for the quarter, beating analysts' consensus estimates of $2.48 by $0.14. The company's quarterly revenue was up 40.3% on a year-over-year basis.

Does Hess have any subsidiaries?

Hess subsidiaries include these companies: Marquette Exploration LLC, Bakken Acreage, American Oil & Gas, Triton Energy, Meadville Corporation, Hess Asia Holdings Inc., Hess Bakken Investments III LLC, and more.

Who are Hess' major shareholders?

Hess' top institutional shareholders include Primecap Management Co. CA (2.63%), D. E. Shaw & Co. Inc. (1.28%), Barrow Hanley Mewhinney & Strauss LLC (1.16%) and Bank of New York Mellon Corp (0.92%). Insiders that own company stock include John P Rielly, Timothy B Goodell, John B Hess, Gregory P Hill, Barbara J Lowery-Yilmaz, Andrew P Slentz, Geurt G Schoonman, Richard D Lynch and Corp Hess.
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.

What other stocks do shareholders of Hess own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Hess investors own include Puma Biotechnology (PBYI), BioMarin Pharmaceutical (BMRN), Incyte (INCY), (MDVN) (MDVN), Precigen (PGEN), Intel (INTC) and First Solar (FSLR).

Company Calendar

• Ex-Dividend for 6/28 Dividend: 6/14/2024
• Dividend Payable: 6/28/2024
• Last Earnings: 7/31/2024
• Ex-Dividend for 9/30 Dividend: 9/16/2024
• Today: 9/19/2024
• Dividend Payable: 9/30/2024
• Next Earnings (Estimated): 10/23/2024
• Fiscal Year End: 12/31/2024

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: $171.31
• High Stock Price Target: $210.00
• Low Stock Price Target: $145.00
• Potential Upside/Downside: +30.4%
• Consensus Rating: Hold
• Rating Score (0-4): 2.46
• Research Coverage: 13 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $6.53
• Trailing P/E Ratio: 20.12
• Forward P/E Ratio: 11.90
• P/E Growth: N/A
• Net Income: $1.38 billion
• Net Margins: 21.22%
• Pretax Margin: 32.60%
• Return on Equity: 27.43%
• Return on Assets: 11.40%

Debt

• Debt-to-Equity Ratio: 0.78
• Current Ratio: 1.27
• Quick Ratio: 1.14

Sales & Book Value

• Annual Sales: $12.32 billion
• Price / Sales: 3.29
• Cash Flow: $12.18 per share
• Price / Cash Flow: 10.79
• Book Value: $31.26 per share
• Price / Book: 4.20

Miscellaneous

• Outstanding Shares: 308,109,000
• Free Float: 278,038,000
• Market Cap: $40.48 billion
• Optionable: Optionable
• Beta: 1.15