What is Scotiabank’s Forecast for Hess FY2025 Earnings?

Hess Co. (NYSE:HES) – Equities research analysts at Scotiabank decreased their FY2025 earnings estimates for shares of Hess in a research note issued on Wednesday, March 19th. Scotiabank analyst P. Cheng now expects that the oil and gas producer will earn $6.20 per share for the year, down from their prior 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.

A number of other research analysts have also issued reports on HES. Wells Fargo & Company upgraded shares of Hess from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $151.00 to $193.00 in a report on Monday, December 9th. Pickering Energy Partners upgraded shares of Hess to a “hold” rating in a report on Friday, January 3rd. UBS Group upped their target price on shares of Hess from $185.00 to $186.00 and gave the company a “buy” rating in a report on Thursday, February 13th. StockNews.com started coverage on shares of Hess in a report on Tuesday, March 18th. They issued a “hold” rating on the stock. Finally, Citigroup upped their target price on shares of Hess from $145.00 to $163.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Hess currently has a consensus rating of “Moderate Buy” and an average price target of $170.60.

Hess Price Performance

NYSE:HES opened at $156.59 on Monday. The firm has a market cap of $48.28 billion, a price-to-earnings ratio of 17.40 and a beta of 1.21. The company has a current ratio of 1.12, a quick ratio of 1.13 and a debt-to-equity ratio of 0.72. The company’s 50-day moving average is $146.73 and its two-hundred day moving average is $140.90. Hess has a 12-month low of $123.79 and a 12-month high of $163.98.

Hess (NYSE:HES) last issued its quarterly earnings data on Wednesday, January 29th. The oil and gas producer reported $1.76 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 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $2.00 annualized dividend and a yield of 1.28%. Hess’s payout ratio is 22.22%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. CIBRA Capital Ltd purchased a new position in Hess in the fourth quarter valued at approximately $14,324,000. Wealth Enhancement Advisory Services LLC raised its holdings in Hess by 16.6% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,927 shares of the oil and gas producer’s stock valued at $921,000 after buying an additional 986 shares during the period. PKO Investment Management Joint Stock Co purchased a new position in Hess in the fourth quarter valued at approximately $1,210,000. Aegis Wealth Management LLC purchased a new position in Hess in the fourth quarter valued at approximately $214,000. Finally, Siemens Fonds Invest GmbH raised its holdings in Hess by 449.6% in the fourth quarter. Siemens Fonds Invest GmbH now owns 9,497 shares of the oil and gas producer’s stock valued at $1,263,000 after buying an additional 7,769 shares during the period. Hedge funds and other institutional investors own 88.51% 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.