Hess (HES) Scheduled to Post Quarterly Earnings on Wednesday

Hess (NYSE:HES) will issue its quarterly earnings data before the market opens on Wednesday, October 30th. Analysts expect the company to announce earnings of $2.33 per share for the quarter.

Hess (NYSE:HES) last posted its quarterly earnings data 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 revenue for the quarter was up 40.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.65 earnings per share. On average, analysts expect Hess to post $10 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Hess Trading Down 0.7 %

Hess stock opened at $138.66 on Wednesday. The company has a current ratio of 1.27, a quick ratio of 1.14 and a debt-to-equity ratio of 0.78. Hess has a 12-month low of $123.79 and a 12-month high of $166.50. The firm has a market capitalization of $42.72 billion, a price-to-earnings ratio of 21.23 and a beta of 1.15. The firm has a 50 day moving average of $135.30 and a 200 day moving average of $144.98.

Hess Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were paid a $0.50 dividend. The ex-dividend date of this dividend was Monday, September 16th. This is a boost from Hess’s previous quarterly dividend of $0.44. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.44%. Hess’s dividend payout ratio is 30.63%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Mizuho cut their target price on Hess from $210.00 to $194.00 and set a “neutral” rating for the company in a research report on Monday, September 16th. StockNews.com assumed coverage on shares of Hess in a research report on Thursday, October 17th. They set a “hold” rating on the stock. Citigroup dropped their target price on shares of Hess from $160.00 to $145.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th. Piper Sandler reduced their price target on shares of Hess from $173.00 to $167.00 in a report on Friday, September 13th. Finally, Wolfe Research raised shares of 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. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $164.00.

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.