Hess (HES)
(Delayed Data from NYSE)
$138.30 USD
+0.12 (0.09%)
Updated Aug 26, 2024 04:00 PM ET
After-Market: $138.37 +0.07 (0.05%) 7:58 PM ET
3-Hold of 5 3
C Value A Growth B Momentum A VGM
Company Summary
Headquartered in New York, Hess is a leading oil and natural gas exploration and production company. The upstream energy player primarily operates in the prolific offshore Guyana resources. The company’s operations are also spread across key resources like the U.S. Gulf of Mexico, and offshore Suriname and Canada.
Hess has achieved numerous world-class oil findings in the Stabroek Block, situated off the coast of Guyana. These discoveries account for more than 11 billion Boe in gross recoverable resources within the block. In addition to enhancing the company's production ...
Company Summary
Headquartered in New York, Hess is a leading oil and natural gas exploration and production company. The upstream energy player primarily operates in the prolific offshore Guyana resources. The company’s operations are also spread across key resources like the U.S. Gulf of Mexico, and offshore Suriname and Canada.
Hess has achieved numerous world-class oil findings in the Stabroek Block, situated off the coast of Guyana. These discoveries account for more than 11 billion Boe in gross recoverable resources within the block. In addition to enhancing the company's production prospects and subsequently leading to improved profit margins, Guyana's advantageous growth projects exhibit lower greenhouse gas emissions than the majority of oil and gas-producing resources worldwide.
In offshore Guyana resources, Hess has 30% operating interests and is planning for six floating production, storage and offloading vessels (FPSO). This can make its aggregate expected production capacity of more than 1.2 million gross barrels of oil per day from the key resources by 2027-end.
In addition to its offshore resources, the firm has a strong presence in onshore plays, including the prolific North Dakota Bakken shale play, where it holds numerous premium untapped drilling locations.
The company also has a footprint in the midstream business through its roughly 38% consolidated ownership interest in Hess Midstream LP. Through this business, the company generates stable fee-based revenues. The midstream operations comprise gathering, compressing and processing natural gas and fractionating natural gas liquids.
Thus, Hess primarily conducts its operations through two segments — Exploration and Production and Midstream. With almost 67% of its profits being generated from upstream operations, it is worth noting that in 2023, the company produced 394 barrels of oil equivalent, of which crude oil and natural gas liquids combined contributed to almost 75% of total production.
General Information
Hess Corporation
1185 AVENUE OF THE AMERICAS
NEW YORK, NY 10036
Phone: 212-997-8500
Fax: 212-536-8390
Web: http://www.hess.com
Email: investorrelations@hess.com
Industry | Oil and Gas - Integrated - United States |
Sector | Oils-Energy |
Fiscal Year End | December |
Last Reported Quarter | 6/30/2024 |
Exp Earnings Date | 10/23/2024 |
EPS Information
Current Quarter EPS Consensus Estimate | 2.81 |
Current Year EPS Consensus Estimate | 11.12 |
Estimated Long-Term EPS Growth Rate | NA |
Exp Earnings Date | 10/23/2024 |
Price and Volume Information
Zacks Rank | |
Yesterday's Close | 138.18 |
52 Week High | 167.75 |
52 Week Low | 130.35 |
Beta | 1.16 |
20 Day Moving Average | 1,798,617.62 |
Target Price Consensus | 166.64 |
4 Week | -8.03 |
12 Week | -10.33 |
YTD | -4.15 |
4 Week | -10.90 |
12 Week | -16.01 |
YTD | -18.86 |
Shares Outstanding (millions) | 308.11 |
Market Capitalization (millions) | 42,575.31 |
Short Ratio | NA |
Last Split Date | 6/1/2006 |
Dividend Yield | 1.27% |
Annual Dividend | $1.75 |
Payout Ratio | 0.19 |
Change in Payout Ratio | -0.21 |
Last Dividend Payout / Amount | 6/14/2024 / $0.44 |
Fundamental Ratios
P/E (F1) | 12.43 |
Trailing 12 Months | 15.27 |
PEG Ratio | NA |
vs. Previous Year | 303.08% |
vs. Previous Quarter | -17.09% |
vs. Previous Year | 40.30% |
vs. Previous Quarter | -2.57% |
Price/Book | 3.80 |
Price/Cash Flow | 11.80 |
Price / Sales | 3.41 |
6/30/24 | 27.43 |
3/31/24 | 22.73 |
12/31/23 | 17.00 |
6/30/24 | 11.40 |
3/31/24 | 9.25 |
12/31/23 | 6.79 |
6/30/24 | 1.27 |
3/31/24 | 1.23 |
12/31/23 | 1.05 |
6/30/24 | 1.14 |
3/31/24 | 1.10 |
12/31/23 | 0.96 |
6/30/24 | 22.34 |
3/31/24 | 18.89 |
12/31/23 | 14.58 |
6/30/24 | 21.22 |
3/31/24 | 17.41 |
12/31/23 | 12.98 |
6/30/24 | 32.60 |
3/31/24 | 28.46 |
12/31/23 | 23.21 |
6/30/24 | 36.35 |
3/31/24 | 34.18 |
12/31/23 | 31.26 |
6/30/24 | 5.26 |
3/31/24 | 5.57 |
12/31/23 | 6.21 |
6/30/24 | 0.78 |
3/31/24 | 0.81 |
12/31/23 | 0.88 |
6/30/24 | 43.70 |
3/31/24 | 44.85 |
12/31/23 | 46.83 |