Hess (HES) Set to Announce Quarterly Earnings on Thursday

Hess (NYSE:HES) will release its earnings data before the market opens on Thursday, April 25th. Analysts expect Hess to post earnings of $1.73 per share for the quarter.

Hess (NYSE:HES) last announced its earnings results on Wednesday, January 31st. The oil and gas producer reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.20. Hess had a return on equity of 17.00% and a net margin of 12.98%. The firm had revenue of $3.04 billion for the quarter, compared to the consensus estimate of $2.76 billion. During the same period in the previous year, the business earned $1.78 EPS. The firm’s revenue for the quarter was down .6% on a year-over-year basis. On average, analysts expect Hess to post $8 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Hess Stock Up 1.2 %

Shares of HES stock opened at $156.23 on Tuesday. Hess has a 1-year low of $124.27 and a 1-year high of $167.75. The stock’s fifty day moving average price is $150.21 and its 200 day moving average price is $146.93. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.05 and a quick ratio of 0.96. The company has a market cap of $48.13 billion, a price-to-earnings ratio of 34.72 and a beta of 1.27.

Hess Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Monday, March 18th were paid a dividend of $0.4375 per share. The ex-dividend date of this dividend was Friday, March 15th. This represents a $1.75 annualized dividend and a yield of 1.12%. Hess’s dividend payout ratio (DPR) is 38.89%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Mizuho boosted their target price on Hess from $200.00 to $205.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 20th. Piper Sandler boosted their target price on Hess from $172.00 to $173.00 and gave the stock an “overweight” rating in a research note on Thursday, April 18th. StockNews.com initiated coverage on Hess in a research note on Wednesday, April 17th. They set a “sell” rating on the stock. Finally, Susquehanna boosted their price target on Hess from $156.00 to $164.00 and gave the company a “neutral” rating in a research note on Monday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $177.42.

Insider Activity

In other news, CEO John B. Hess sold 73,885 shares of the business’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $145.87, for a total value of $10,777,604.95. Following the completion of the transaction, the chief executive officer now owns 138,718 shares of the company’s stock, valued at approximately $20,234,794.66. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO John B. Hess sold 73,885 shares of the business’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $145.87, for a total value of $10,777,604.95. Following the completion of the transaction, the chief executive officer now owns 138,718 shares of the company’s stock, valued at approximately $20,234,794.66. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Andrew P. Slentz sold 1,062 shares of the business’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $144.52, for a total value of $153,480.24. Following the completion of the transaction, the senior vice president now directly owns 50,215 shares of the company’s stock, valued at approximately $7,257,071.80. The disclosure for this sale can be found here. Insiders sold a total of 155,798 shares of company stock valued at $22,811,166 in the last quarter. 9.76% of the stock is currently owned by company insiders.

About Hess

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.