What is Zacks Research’s Estimate for Hess Q1 Earnings?

Hess Co. (NYSE:HES) – Investment analysts at Zacks Research boosted their Q1 2026 earnings estimates for Hess in a report issued on Tuesday, October 22nd. Zacks Research analyst R. Department now expects that the oil and gas producer will post earnings of $2.49 per share for the quarter, up from their previous forecast of $2.46. The consensus estimate for Hess’ current full-year earnings is $10.22 per share. Zacks Research also issued estimates for Hess’ Q2 2026 earnings at $2.42 EPS, Q3 2026 earnings at $2.18 EPS and FY2026 earnings at $9.50 EPS.

Hess (NYSE:HES) last announced its earnings results on Wednesday, July 31st. The oil and gas producer reported $2.62 EPS for the quarter, topping the consensus estimate of $2.48 by $0.14. The firm had revenue of $3.26 billion for the quarter, compared to the consensus estimate of $3.24 billion. Hess had a return on equity of 27.43% and a net margin of 21.22%. The business’s quarterly revenue was up 40.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.65 EPS.

A number of other brokerages also recently issued reports on HES. BMO Capital Markets boosted their price target on shares of Hess from $155.00 to $160.00 and gave the stock an “outperform” rating in a research report on Friday, October 4th. StockNews.com started coverage on shares of Hess in a research report on Friday. They set a “hold” rating on the stock. Wells Fargo & Company lowered their price objective on Hess from $171.00 to $151.00 and set an “equal weight” rating for the company in a research report on Friday, September 27th. Scotiabank upped their target price on Hess from $157.00 to $167.00 and gave the company a “sector perform” rating in a research report on Thursday, October 10th. Finally, UBS Group lowered their target price on Hess from $192.00 to $173.00 and set a “buy” rating for the company in a report on Wednesday, September 18th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Hess currently has an average rating of “Moderate Buy” and an average price target of $164.00.

Hess Price Performance

Hess stock opened at $138.02 on Friday. The firm has a market cap of $42.53 billion, a P/E ratio of 21.14 and a beta of 1.15. The stock’s 50 day moving average is $135.42 and its 200 day moving average is $144.88. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.27 and a quick ratio of 1.14. Hess has a one year low of $123.79 and a one year high of $163.98.

Institutional Trading of Hess

Several hedge funds have recently bought and sold shares of the business. New Covenant Trust Company N.A. bought a new position in shares of Hess in the first quarter valued at $25,000. EverSource Wealth Advisors LLC lifted its position in Hess by 47.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 273 shares of the oil and gas producer’s stock valued at $43,000 after acquiring an additional 88 shares in the last quarter. Eastern Bank acquired a new position in Hess during the 3rd quarter valued at about $48,000. Rothschild Investment LLC bought a new stake in Hess during the 2nd quarter worth approximately $60,000. Finally, CVA Family Office LLC raised its stake in shares of Hess by 31.1% in the third quarter. CVA Family Office LLC now owns 451 shares of the oil and gas producer’s stock worth $61,000 after purchasing an additional 107 shares during the last quarter. Institutional investors and hedge funds own 88.51% of the company’s stock.

Hess Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.45%. This is a positive change from Hess’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend was Monday, September 16th. Hess’s dividend payout ratio is presently 30.63%.

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.