Hess (HES) Set to Announce Quarterly Earnings on Thursday

Hess (NYSE:HES) is scheduled to announce its earnings results before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $1.73 per share for the quarter.

Hess (NYSE:HES) last announced its quarterly earnings data on Wednesday, January 31st. The oil and gas producer reported $1.63 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $2.76 billion. During the same quarter in the previous year, the company posted $1.78 earnings per share. The business’s revenue 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 Price Performance

HES opened at $156.23 on Tuesday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.96 and a current ratio of 1.05. Hess has a 52-week low of $124.27 and a 52-week high of $167.75. The stock has a market capitalization of $48.13 billion, a PE ratio of 34.72 and a beta of 1.27. The stock’s 50 day moving average price is $150.21 and its 200-day moving average price is $146.93.

Hess Dividend Announcement

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

Wall Street Analyst Weigh In

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

Insider Transactions at Hess

In other news, SVP Geurt G. Schoonman sold 13,921 shares of the stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $151.08, for a total value of $2,103,184.68. Following the sale, the senior vice president now directly owns 33,581 shares of the company’s stock, valued at $5,073,417.48. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, COO Gregory P. Hill sold 4,708 shares of the company’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $144.52, for a total transaction of $680,400.16. Following the transaction, the chief operating officer now directly owns 125,670 shares of the company’s stock, valued at $18,161,828.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Geurt G. Schoonman sold 13,921 shares of the company’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $151.08, for a total value of $2,103,184.68. Following the transaction, the senior vice president now directly owns 33,581 shares in the company, valued at $5,073,417.48. The disclosure for this sale can be found here. Over the last three months, insiders have sold 155,798 shares of company stock valued at $22,811,166. Insiders own 9.76% of the company’s stock.

Hess Company Profile

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.