Hess Corporation (HES)
| Market Cap | 45.11B |
| Revenue (ttm) | 12.46B |
| Net Income (ttm) | 2.64B |
| Shares Out | 307.10M |
| EPS (ttm) | 8.57 |
| PE Ratio | 17.14 |
| Forward PE | 19.84 |
| Dividend | $2.00 (1.36%) |
| Ex-Dividend Date | Sep 16, 2024 |
| Volume | 984,063 |
| Open | 146.75 |
| Previous Close | 145.64 |
| Day's Range | 145.27 - 147.65 |
| 52-Week Range | 123.79 - 163.98 |
| Beta | 1.16 |
| Analysts | Buy |
| Price Target | 163.90 (+11.59%) |
| Earnings Date | Oct 30, 2024 |
About HES
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, c... [Read more]
Financial Performance
In 2023, Hess Corporation's revenue was $10.30 billion, a decrease of -6.99% compared to the previous year's $11.07 billion. Earnings were $1.38 billion, a decrease of -34.06%.
Financial StatementsAnalyst Forecast
According to 10 analysts, the average rating for HES stock is "Buy." The 12-month stock price forecast is $163.9, which is an increase of 11.59% from the latest price.
News
Focus: Chevron CEO under pressure to halt share slide as Hess deal stalls
Five years ago, Chevron CEO Michael Wirth won Wall Street acclaim as the No. 2 U.S. oil company briefly achieved a market value larger than Exxon Mobil's after he refused to get into a bidding war wit...
Hess Midstream Operations Are Great And Overshadowed By The Acquisition
Hess reported unfavorable United States results and has for some time. Hess Midstream services the largest part of the United States business. Clearly, the profitability situation needs to be fixed.
Hess posts quarterly profit beat as Guyana oil output stays strong
Hess Corp beat estimates for third-quarter profit on Wednesday, helped by higher oil production in Guyana.
Hess Reports Estimated Results for the Third Quarter of 2024
NEW YORK--(BUSINESS WIRE)--Hess Corporation (NYSE: HES) today reported net income of $498 million, or $1.62 per share, in the third quarter of 2024, compared with net income of $504 million, or $1.64 ...
PureFacts Names FinTech Veteran Pete Hess as President
TORONTO--(BUSINESS WIRE)-- #EnablingGrowth--PureFacts Financial Solutions (“PureFacts”), an award-winning provider of end-to-end revenue management solutions for the wealth and asset management indust...
October's 5 Dividend Growth Stocks With 5.10%+ Yields
Dividend growth stocks can offer a passive way to grow your cash flow over time that can be used to pay the bills during retirement. We screen for some attractive names to consider, looking at dividen...
Chevron-Hess Merger Approved: Should You Buy Before Earnings?
With so many news items clamoring for investors' attention, investors may not have noticed that the U.S. Federal Trade Commission (FTC) approved the merger between Chevron Corporation CVX and Hess Cor...
Energy Sector Rebound: 3 Stocks Poised for Strong Gains
The energy sector is experiencing a sharp rebound following a significant escalation in Middle Eastern tensions after Iran launched a missile attack on Israel on October 1. While the immediate physica...
Hess Schedules Earnings Release Date
NEW YORK--(BUSINESS WIRE)--Hess Schedules Earnings Release Date.
Analyst Questions 'What Could Hess Be Worth?' As Chevron Advances In Acquisition Efforts
Hess Corporation HES and Chevron Corporation CVX shares are trading higher on Tuesday.
FTC Clears Chevron-Hess Merger, But Bans Hess CEO From Joining Board
The Federal Trade Commission (FTC) on Monday cleared Chevron's (CVX) $53 billion acquisition of Hess (HES), but barred Hess CEO John Hess from joining Chevron's board, citing concerns about his previo...
FTC clears Chevron-Hess deal, bans John Hess from board
The FTC on Monday alleged that John Hess encouraged senior officials at OPEC to draw down inventories, which would result in higher oil prices. Hess Corp. and Chevron have agreed that they will not ap...
Hess Announces HSR Clearance Of Chevron-Hess Merger
NEW YORK--(BUSINESS WIRE)--Hess Announces HSR Clearance Of Chevron-Hess Merger.
Chevron-Hess Merger Clears FTC Antitrust Review
SAN RAMON, Calif.--(BUSINESS WIRE)--Chevron Corporation (NYSE: CVX) today announced the Federal Trade Commission (FTC) completed antitrust review of the company's merger with Hess Corporation (NYSE: H...
FTC allows Chevron-Hess deal, bars John Hess from board
The U.S. Federal Trade Commission allowed Chevron's $53 billion purchase of Hess Corp on Monday, in an order that barred Hess CEO John Hess from Chevron's board.
FTC Plans to Block Hess CEO from Chevron Board
John Hess would be prevented from Chevron's board as part of deal for antitrust approval of a Hess-Chevron merger.
Chevron agrees Hess CEO will not join board in deal with US regulator, Bloomberg News reports
U.S. energy major Chevron has agreed that Hess CEO John Hess will not join its board in an agreement with the U.S. Federal Trade Commission to proceed with the $53 billion takeover deal, Bloomberg New...
FTC set to greenlight chevron's $53 billion buy of oil rival Hess, sources say
The U.S. Federal Trade Commission is expected to greenlight U.S. oil producer Chevron's purchase of Hess as soon as this week, two people familiar with the matter said, leaving Exxon Mobil's challenge...
Hess Midstream: Still Attractive, Even With Potential M&A Delayed
Hess Midstream remains a strong buy due to its robust contract structure, 7.2% distribution yield, and predictable cash flows. The Chevron-Hess deal, likely delayed until late 2025, could provide addi...
It's Likely Time To Buy Oil Stocks
Oil prices are under pressure, but potential production cuts and economic recovery could lead to a bullish outlook, with prices rising to $80-90 by early 2025. Schlumberger, APA Corp., and Hess are to...
Hess Becomes Oversold
The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important ...
Hess Announces Increased Regular Quarterly Dividend On Common Stock
NEW YORK--(BUSINESS WIRE)--Hess Announces Increased Regular Quarterly Dividend On Common Stock.
Be Aware Of The Cash Trap - 2 Strong Buy High-Yield Gems To Be Prepared
The "cash trap" is caused by investors flocking to high-yield, risk-free assets due to Fed rate hikes. This influx into money market funds could reverse if rates drop. When rates fall, investors may s...
Exclusive: Hess Guyana's secret value becomes part of Exxon arbitration, sources say
An arbitration panel that will decide a high-profile clash between Exxon Mobil and Chevron will delve into the secret value of Hess' oil riches in Guyana, four people familiar with the matter said.
Chevron Options Still Offer Better Prospects Than Hess
Chevron Options Still Offer Better Prospects Than Hess