Equities Analysts Issue Forecasts for Hess FY2025 Earnings

Hess Co. (NYSE:HES) – Research analysts at Scotiabank dropped their FY2025 earnings estimates for Hess in a report issued on Wednesday, March 19th. Scotiabank analyst P. Cheng now expects that the oil and gas producer will post earnings per share of $6.20 for the year, down from their prior forecast of $7.65. The consensus estimate for Hess’ current full-year earnings is $8.08 per share. Scotiabank also issued estimates for Hess’ FY2026 earnings at $8.25 EPS.

Several other analysts have also recently commented on HES. Citigroup increased their price target on shares of Hess from $145.00 to $163.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. StockNews.com initiated coverage on shares of Hess in a research report on Tuesday, March 18th. They issued a “hold” rating on the stock. Wells Fargo & Company upgraded Hess from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $151.00 to $193.00 in a report on Monday, December 9th. Pickering Energy Partners upgraded shares of Hess to a “hold” rating in a report on Friday, January 3rd. Finally, UBS Group increased their price objective on Hess from $185.00 to $186.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Hess has an average rating of “Moderate Buy” and a consensus target price of $170.60.

Hess Price Performance

Shares of HES stock opened at $157.43 on Monday. 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 stock has a market capitalization of $48.53 billion, a PE ratio of 17.49 and a beta of 1.21. Hess has a 52 week low of $123.79 and a 52 week high of $163.98. The stock’s fifty day moving average is $146.98 and its 200-day moving average is $141.10.

Hess (NYSE:HES) last released its quarterly earnings results on Wednesday, January 29th. The oil and gas producer reported $1.76 EPS for the quarter, beating analysts’ consensus estimates 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

A number of institutional investors have recently bought and sold shares of the business. Checchi Capital Advisers LLC grew its stake in Hess by 3.5% in the 4th quarter. Checchi Capital Advisers LLC now owns 2,154 shares of the oil and gas producer’s stock valued at $287,000 after buying an additional 72 shares during the last quarter. Avantax Advisory Services Inc. increased its stake in shares of Hess by 1.9% in the 4th quarter. Avantax Advisory Services Inc. now owns 3,971 shares of the oil and gas producer’s stock valued at $528,000 after purchasing an additional 73 shares during the last quarter. Moss Adams Wealth Advisors LLC grew its position in Hess by 5.3% in the fourth quarter. Moss Adams Wealth Advisors LLC now owns 1,682 shares of the oil and gas producer’s stock valued at $224,000 after acquiring an additional 85 shares during the last quarter. Howard Capital Management Inc. grew its holdings in shares of Hess by 5.2% during the 4th quarter. Howard Capital Management Inc. now owns 1,809 shares of the oil and gas producer’s stock valued at $241,000 after purchasing an additional 90 shares during the last quarter. Finally, Parkside Financial Bank & Trust increased its holdings in shares of Hess by 18.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 629 shares of the oil and gas producer’s stock worth $84,000 after buying an additional 96 shares in the last quarter. Institutional investors and hedge funds own 88.51% of the company’s stock.

Hess Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $2.00 annualized dividend and a dividend yield of 1.27%. Hess’s dividend payout ratio is presently 22.22%.

Hess Company Profile

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.