Scotiabank Has Negative Estimate for Hess FY2025 Earnings

Hess Co. (NYSE:HES) – Investment analysts at Scotiabank lowered their FY2025 earnings per share estimates for shares of Hess in a research 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 previous estimate 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 brokerages also recently weighed in on HES. Wells Fargo & Company raised Hess from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $151.00 to $193.00 in a research note on Monday, December 9th. Citigroup lifted their price objective 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 for the company. UBS Group boosted their price target on shares of Hess from $185.00 to $186.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Finally, Pickering Energy Partners raised shares of Hess to a “hold” rating in a research note on Friday, January 3rd. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $170.60.

Hess Stock Performance

Shares of NYSE HES opened at $157.43 on Monday. Hess has a 12-month low of $123.79 and a 12-month high of $163.98. The company has a market cap of $48.53 billion, a PE ratio of 17.49 and a beta of 1.21. The stock has a 50 day simple moving average of $146.98 and a 200-day simple moving average of $141.10. The company has a current ratio of 1.12, a quick ratio of 1.13 and a debt-to-equity ratio of 0.72.

Hess (NYSE:HES) last posted its earnings results on Wednesday, January 29th. The oil and gas producer reported $1.76 earnings per share (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%.

Hess Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a $0.50 dividend. The ex-dividend date is Monday, March 17th. This represents a $2.00 annualized dividend and a dividend yield of 1.27%. Hess’s dividend payout ratio is currently 22.22%.

Institutional Investors Weigh In On Hess

Institutional investors and hedge funds have recently modified their holdings of the stock. J.Safra Asset Management Corp acquired a new stake in Hess during the 4th quarter valued at $25,000. Sierra Ocean LLC acquired a new stake in shares of Hess in the 4th quarter valued at $27,000. Groupama Asset Managment boosted its stake in shares of Hess by 22.7% during the 3rd quarter. Groupama Asset Managment now owns 22,606 shares of the oil and gas producer’s stock worth $31,000 after acquiring an additional 4,186 shares in the last quarter. Millstone Evans Group LLC bought a new stake in Hess during the fourth quarter worth approximately $33,000. Finally, FSA Wealth Management LLC bought a new stake in shares of Hess during the 3rd quarter worth $37,000. Institutional investors and hedge funds own 88.51% of the company’s stock.

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.