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: $145.45 to $147.66
• 50-Day Range: $130.67 to $148.65
• 52-Week Range: $123.79 to $163.98
• Volume: 891,922 shs
• Average Volume: 2.09 million shs
• Market Capitalization: $45.35 billion
• P/E Ratio: 17.15
• Dividend Yield: 1.36%
• Price Target: $163.30
• Consensus Rating: Moderate Buy

Hess Stock Analysis - MarketRank™

Hess scored higher than 85% of companies evaluated by MarketBeat, and ranked 45th out of 265 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: 3.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Hess has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 5 buy ratings, 5 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: 0.6 / 5
• Proj. Earnings Growth: -15.20%

Earnings Growth

Earnings for Hess are expected to decrease by -15.20% in the coming year, from $9.74 to $8.26 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Hess is 17.15, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 128.24.

Price to Earnings Ratio vs. Sector

The P/E ratio of Hess is 17.15, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 13.13.

Price to Book Value per Share Ratio

Hess has a P/B Ratio of 3.91. 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

1.75% 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 3.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Hess has recently increased by 13.23%, indicating that investor sentiment is decreasing significantly.

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 23.31%. 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 24.21% 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

1.75% 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 3.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Hess has recently increased by 13.23%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.6 / 5
• News Sentiment: 0.74

News Sentiment

Hess has a news sentiment score of 0.74. 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 news sentiment score is similar to the average news sentiment of Oils/Energy companies.

News Coverage This Week

MarketBeat has tracked 29 news articles for Hess this week, compared to 19 articles on an average week.

Search Interest

Only 5 people have searched for HES on MarketBeat in the last 30 days. This is a decrease of -64% compared to the previous 30 days.

MarketBeat Follows

9 people have added Hess to their MarketBeat watchlist in the last 30 days. This is an increase of 80% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Hess insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $45,856,309.00 in 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 increased by 2.1% and is now trading at $147.18.
View the best growth stocks for 2024 here.

How were Hess' earnings last quarter?

Hess Co. (NYSE:HES) released its earnings results on Wednesday, October, 30th. The oil and gas producer reported $2.14 EPS for the quarter, topping analysts' consensus estimates of $1.88 by $0.26. Hess's quarterly revenue was up 12.7% compared to the same quarter last year.

Does Hess have any subsidiaries?

The following companies are subsidiaries of Hess: Marquette Exploration LLC, Bakken Acreage, American Oil & Gas, Triton Energy, Meadville Corporation, Hess Asia Holdings Inc., Hess Bakken Investments III LLC, and others.

Who are Hess' major shareholders?

Hess' top institutional shareholders include State Street Corp (5.72%), Primecap Management Co. CA (2.57%), HBK Investments L P (2.31%) and Geode Capital Management LLC (2.12%). Insiders that own company stock include John P Rielly, John B Hess, Timothy B Goodell, 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 Meta Platforms (META), NVIDIA (NVDA), Advanced Micro Devices (AMD), Exxon Mobil (XOM), Chevron (CVX), Netflix (NFLX) and Intel (INTC).

Company Calendar

• Ex-Dividend for 9/30 Dividend: 9/16/2024
• Dividend Payable: 9/30/2024
• Last Earnings: 10/30/2024
• Today: 11/29/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 1/29/2025

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: $163.30
• High Stock Price Target: $194.00
• Low Stock Price Target: $145.00
• Potential Upside/Downside: +11.3%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.50
• Research Coverage: 10 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $8.58
• Trailing P/E Ratio: 17.10
• Forward P/E Ratio: 15.07
• P/E Growth: N/A
• Net Income: $1.38 billion
• Net Margins: 20.58%
• Pretax Margin: 32.05%
• Return on Equity: 27.41%
• Return on Assets: 11.68%

Debt

• Debt-to-Equity Ratio: 0.75
• Current Ratio: 1.26
• Quick Ratio: 1.13

Sales & Book Value

• Annual Sales: $10.65 billion
• Price / Sales: 4.25
• Cash Flow: $11.71 per share
• Price / Cash Flow: 12.53
• Book Value: $37.65 per share
• Price / Book: 3.90

Miscellaneous

• Outstanding Shares: 308,120,000
• Free Float: 278,046,000
• Market Cap: $45.22 billion
• Optionable: Optionable
• Beta: 1.15