Hess - HES Stock Forecast, Price & News

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Hess in the last twelve months. There are currently 2 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" HES shares.
View HES analyst ratings or view top-rated stocks.

12 brokerages have issued 12 month price targets for Hess' stock. Their HES share price forecasts range from $88.00 to $165.00. On average, they anticipate the company's stock price to reach $133.58 in the next year. This suggests a possible upside of 13.2% from the stock's current price.
View analysts price targets for HES or view top-rated stocks among Wall Street analysts.

Hess' stock was trading at $74.03 at the start of the year. Since then, HES stock has increased by 59.3% and is now trading at $117.96.
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Hess saw a increase in short interest during the month of July. As of July 31st, there was short interest totaling 7,350,000 shares, an increase of 18.0% from the July 15th total of 6,230,000 shares. Based on an average daily volume of 2,400,000 shares, the days-to-cover ratio is presently 3.1 days. Approximately 2.6% of the shares of the company are sold short.
View Hess' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our HES earnings forecast.

Hess Co. (NYSE:HES) announced its quarterly earnings results on Wednesday, July, 27th. The oil and gas producer reported $2.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.14 by $0.01. The oil and gas producer earned $2.99 billion during the quarter, compared to analysts' expectations of $2.60 billion. Hess had a net margin of 15.53% and a trailing twelve-month return on equity of 20.25%. The company's revenue for the quarter was up 87.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.24 earnings per share.
Read the conference call transcript.

Hess declared a quarterly dividend on Wednesday, September 7th. Shareholders of record on Monday, September 19th will be given a dividend of $0.375 per share on Friday, September 30th. This represents a $1.50 dividend on an annualized basis and a yield of 1.27%.
Read our dividend analysis for HES.

Hess (NYSE:HES) pays an annual dividend of $1.50 per share and currently has a dividend yield of 1.26%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 31.85%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HES will have a dividend payout ratio of 12.18% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HES.

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.

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).

Hess trades on the New York Stock Exchange (NYSE) under the ticker symbol "HES."

Hess' stock is owned by many different retail and institutional investors. Top institutional investors include FMR LLC (15.08%), State Street Corp (6.02%), Primecap Management Co. CA (3.01%), Massachusetts Financial Services Co. MA (2.27%), Price T Rowe Associates Inc. MD (1.60%) and Northern Trust Corp (1.01%). Insiders that own company stock include Andrew P Slentz, Andrew P Slentz, Barbara J Lowery-Yilmaz, Geurt G Schoonman, Geurt G Schoonman, Gregory P Hill, Gregory P Hill, John B Hess, John B Hess, John P Rielly, Marc S Lipschultz, Michael Mcknight, Michael R Turner, Richard D Lynch, Sami A Siddiqui and Timothy B Goodell.
View institutional ownership trends.

Shares of HES stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of HES stock can currently be purchased for approximately $117.96.

Hess (NYSE:HES) has a market capitalization of $36.52 billion and generates $7.58 billion in revenue each year. The oil and gas producer earns $559 million in net income (profit) each year or $4.71 on an earnings per share basis.

The company employs 1,545 workers across the globe.

Hess was founded in 1933.

Hess' mailing address is 1185 AVENUE OF THE AMERICAS, NEW YORK NY, 10036. The official website for the company is www.hess.com. The oil and gas producer can be reached via phone at (212) 997-8500, via email at investorrelations@hess.com, or via fax at 212-536-8390.