Hess (HES) to Release Quarterly Earnings on Wednesday

Hess (NYSE:HESGet Free Report) is anticipated to post its quarterly earnings results before the market opens on Wednesday, January 29th. Analysts expect Hess to post earnings of $1.44 per share and revenue of $2,833,120.00 billion for the quarter.

Hess (NYSE:HESGet Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The oil and gas producer reported $2.14 EPS for the quarter, topping the consensus estimate of $1.88 by $0.26. Hess had a return on equity of 27.41% and a net margin of 20.58%. The company had revenue of $3.20 billion during the quarter, compared to analyst estimates of $2.96 billion. During the same period in the previous year, the business earned $1.64 EPS. Hess’s quarterly revenue was up 12.7% on a year-over-year basis. On average, analysts expect Hess to post $10 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Hess Stock Down 0.4 %

Shares of HES opened at $144.32 on Monday. The stock has a 50 day moving average price of $141.02 and a 200 day moving average price of $139.48. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.13 and a current ratio of 1.26. The stock has a market capitalization of $44.47 billion, a price-to-earnings ratio of 16.82 and a beta of 1.18. Hess has a one year low of $123.79 and a one year high of $163.98.

Hess Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.39%. The ex-dividend date was Monday, December 16th. Hess’s dividend payout ratio is currently 23.31%.

Insider Activity at Hess

In other news, CEO John B. Hess sold 92,894 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $147.80, for a total value of $13,729,733.20. Following the completion of the sale, the chief executive officer now directly owns 229,465 shares of the company’s stock, valued at approximately $33,914,927. This represents a 28.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Geurt G. Schoonman sold 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $141.91, for a total transaction of $851,460.00. Following the transaction, the senior vice president now owns 27,581 shares in the company, valued at approximately $3,914,019.71. This trade represents a 17.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 314,370 shares of company stock valued at $45,856,309 in the last ninety days. Insiders own 9.76% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on HES shares. Wells Fargo & Company raised shares of Hess from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $151.00 to $193.00 in a research note on Monday, December 9th. Wolfe Research upgraded Hess from a “peer perform” rating to an “outperform” rating and set a $150.00 target price for the company in a report on Monday, September 30th. Pickering Energy Partners raised shares of Hess to a “hold” rating in a research report on Friday, January 3rd. StockNews.com started coverage on shares of Hess in a research report on Tuesday, January 21st. They set a “hold” rating for the company. Finally, Citigroup lifted their target price on shares of Hess from $145.00 to $163.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $170.50.

Get Our Latest Stock Analysis on HES

Hess Company Profile

(Get Free Report)

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.

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Earnings History for Hess (NYSE:HES)

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