Hess (HES) Projected to Post Quarterly Earnings on Wednesday

Hess (NYSE:HES) is anticipated to announce its 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:HES) last issued its earnings results on Wednesday, October 30th. The oil and gas producer reported $2.14 earnings per share for the quarter, topping the consensus estimate of $1.88 by $0.26. The business had revenue of $3.20 billion during the quarter, compared to analysts’ expectations of $2.96 billion. Hess had a return on equity of 27.41% and a net margin of 20.58%. The business’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.64 EPS. On average, analysts expect Hess to post $10 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Hess Stock Performance

HES stock opened at $144.32 on Monday. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.26 and a quick ratio of 1.13. Hess has a 1-year low of $123.79 and a 1-year high of $163.98. The business has a 50-day moving average price of $141.02 and a 200 day moving average price of $139.48. The company has a market capitalization of $44.47 billion, a P/E ratio of 16.82 and a beta of 1.18.

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 given a $0.50 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $2.00 annualized dividend and a dividend yield of 1.39%. Hess’s payout ratio is presently 23.31%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on HES. Pickering Energy Partners upgraded Hess to a “hold” rating in a research note on Friday, January 3rd. StockNews.com started coverage on shares of Hess in a research report on Tuesday, January 21st. They issued a “hold” rating on the stock. Citigroup increased their target price on shares of Hess from $145.00 to $163.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. Susquehanna lifted their price target on shares of Hess from $149.00 to $154.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. Finally, Wolfe Research upgraded Hess from a “peer perform” rating to an “outperform” rating and set a $150.00 price objective for the company in a report on Monday, September 30th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Hess presently has an average rating of “Moderate Buy” and an average price target of $170.50.

Insider Transactions at Hess

In other Hess news, CEO John B. Hess sold 125,000 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $147.08, for a total value of $18,385,000.00. Following the sale, the chief executive officer now directly owns 217,894 shares of the company’s stock, valued at approximately $32,047,849.52. This represents a 36.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Geurt G. Schoonman sold 6,000 shares of Hess stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $141.91, for a total value of $851,460.00. Following the transaction, the senior vice president now owns 27,581 shares of the company’s stock, valued at $3,914,019.71. The trade was a 17.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 314,370 shares of company stock worth $45,856,309 over the last 90 days. 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.