HES - Hess Corporation

NYSE - NYSE Delayed Price. Currency in USD
64.41
-2.12 (-3.19%)
At close: 4:00PM EST
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Previous Close66.53
Open66.26
Bid62.05 x 800
Ask64.69 x 800
Day's Range63.57 - 66.38
52 Week Range51.05 - 74.11
Volume2,064,673
Avg. Volume2,266,322
Market Cap19.626B
Beta (5Y Monthly)2.03
PE Ratio (TTM)N/A
EPS (TTM)-0.69
Earnings DateJan 28, 2020
Forward Dividend & Yield1.00 (1.50%)
Ex-Dividend DateDec 12, 2019
1y Target Est74.41
  • Hess (HES) Gears Up for Q4 Earnings: What's in the Cards?
    Zacks

    Hess (HES) Gears Up for Q4 Earnings: What's in the Cards?

    Although an increase in total US production is expected to boost Hess' (HES) Q4 earnings, declining average selling prices of crude oil might partially dampen growth.

  • Barrons.com

    Hess and 5 More Energy Stocks That Could Cut Their Dividends, According to an Analyst

    Two oil-and-gas companies have cut their payouts in the past month. A new report attempts to predict which others could do the same in the months ahead.

  • Earnings Preview: Hess (HES) Q4 Earnings Expected to Decline
    Zacks

    Earnings Preview: Hess (HES) Q4 Earnings Expected to Decline

    Hess (HES) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Business Wire

    Hess Corporation Recognized as Leader in CDP’s Global Climate Change Report

    Hess recognized as leader in CDP’s Global Climate Change Report

  • Reuters

    Guyana opposition candidate pledges to keep Exxon contract intact

    Exxon Mobil's oil contract with Guyana would be exempt from a review of the South American nation's deals if the opposition wins the March 2 election, the party's top candidate said. While his People's Progressive Party (PPP) has criticized President David Granger's 2016 deal with Exxon as too generous, Irfaan Ali called the company - whose 1 million barrel cargo of Guyana's first-ever crude production set sail on Monday - a "pioneer" in an interview over the weekend. The PPP's platform pledged to "immediately engage the oil and gas companies in better contract administration/re-negotiation." Other companies exploring off Guyana's coast include Britain's Tullow Oil, Spain's Repsol SA and France's Total.

  • The Zacks Analyst Blog Highlights: Earthstone, Talos, Hess, Devon and Matador
    Zacks

    The Zacks Analyst Blog Highlights: Earthstone, Talos, Hess, Devon and Matador

    The Zacks Analyst Blog Highlights: Earthstone, Talos, Hess, Devon and Matador

  • 5 Top Crude Oil Stocks to Tap U.S.-China Phase-One Trade Deal
    Zacks

    5 Top Crude Oil Stocks to Tap U.S.-China Phase-One Trade Deal

    The U.S. energy sector is likely to be a major beneficiary of this phase-one trade deal.

  • Oil & Gas Discoveries Hit 4-Year High: What Does it Imply?
    Zacks

    Oil & Gas Discoveries Hit 4-Year High: What Does it Imply?

    Energy behemoth ExxonMobil (XOM) leads the discoveries with four new findings in offshore Guyana in 2019.

  • Barrons.com

    A New Hot Spot for Oil Could Boost These 4 Companies

    The hottest area for new oil and gas production isn’t in the Middle East or the U.S. Permian Basin. It’s off the northeast coast of South America.

  • Apache Stock Jumps as It Hits Oil in Suriname's Block 58
    Zacks

    Apache Stock Jumps as It Hits Oil in Suriname's Block 58

    Apache's (APA) JV with TOTAL will enrich its portfolio with the latter's wide-ranging offshore expertise & global foothold.

  • Six Of The Hottest Oil Stocks For 2020
    Oilprice.com

    Six Of The Hottest Oil Stocks For 2020

    Though a number of oil companies took major profit hits in 2019, the innovators of the bunch still have upside potential

  • Zacks Investment Ideas feature highlights: Occidental, Marathon Oil, Hess, ExxonMobil and Chevron
    Zacks

    Zacks Investment Ideas feature highlights: Occidental, Marathon Oil, Hess, ExxonMobil and Chevron

    Zacks Investment Ideas feature highlights: Occidental, Marathon Oil, Hess, ExxonMobil and Chevron

  • Business Wire

    Hess Schedules Earnings Release Conference Call

    Hess will hold a conference call on Wednesday, January 29, 2020 at 10 a.m. ET to discuss its fourth quarter 2019 earnings release.

  • Oil Stocks To Buy As Iran Plots Its "Revenge"
    Zacks

    Oil Stocks To Buy As Iran Plots Its "Revenge"

    Firms with limited exposure in the Middle East could make for a good short-term pick

  • Investopedia

    Top Energy Stocks for January 2020

    The energy sector consists of stocks related to the production and supply of energy around the world. The sector includes upstream firms that are involved in the exploration and production of oil or gas reserves, such as EOG Resources Inc. (EOG). Also in the sector are downstream companies that refine and process oil and gas products for delivery to consumers, including HollyFrontier Corp. (HFC).

  • Yes, You Can Time the Market. Find out How - January 03, 2020
    Zacks

    Yes, You Can Time the Market. Find out How - January 03, 2020

    Is the ability to time the markets more of a data-driven science or a 'gut - feeling' art?

  • Hess Beats Shale Carnage as ‘Fairy Tale’ Find Rallies Stock
    Bloomberg

    Hess Beats Shale Carnage as ‘Fairy Tale’ Find Rallies Stock

    (Bloomberg) -- Hess Corp. rose above the carnage in shale stocks with a more traditional approach to oil exploration -- partnering in a massive offshore discovery in a frontier nation.Investors flocked to New York-based Hess in 2019 to participate in Exxon Mobil Corp.’s gigantic Guyana oil find, and avoid cash-burning shale specialists. Hess, which holds a 30% stake in the Guyanese discovery that’s turned into the world’s biggest new deepwater oil prospect, climbed 65% last year, leading gains in the S&P 500 Energy Index. That was its biggest annual increase since 2007.“Most of the outperformance is attributable to the company’s continued success offshore Guyana,” Muhammed Ghulam, a Houston-based analyst at Raymond James & Associates, said by email. The rally in Hess shares is poised to carry on “if it continues to see success” from drilling in Guyana and neighboring Suriname.Hess outperformed every other stock in the S&P 500 Energy Index of 28 companies last year. That was in stark contrast to index peers such as Occidental Petroleum Corp., which posted it steepest decline in two decades after the ill-received acquisition of Anadarko Petroleum Corp., and Cabot Oil & Gas Corp., which tumbled more than 20%.For Hess, it was a remarkable turnaround from 2018 when the company led by Chief Executive Officer John Hess was targeted by activist investor Elliott Management Corp. for pursuing high-cost shale projects in the Bakken region of North Dakota.“Hess has been on fire,” Paul Sankey, a New York-based analyst at Mizuho Securities USA, said in a note to clients. While much of the success in Guyana already is reflected in Hess’ stock price, the company could see further uplift when cash from the development begins to flow in, he said.Bet of the CenturyThe genesis for Hess’ success was in 2014, when crashing oil prices spurred Royal Dutch Shell Plc to pull out of its 50-50 partnership with Exxon in Guyana. That left the American supermajor in need of a new partner in its high-risk, wildcat drilling campaign in a region that had never before produced any oil.Hess stepped in, as did China’s CNOOC Ltd., which bought a 25% stake.It turned out to be one of the best bets of the century, with Exxon uncovering an oil deposit so massive that its boundaries have yet to be discerned. Exxon Senior Vice President Neil Chapman characterized the discovery as a “fairly tale” during a 2018 conference call.In subsequent years, Exxon and its partners have made 14 more finds totaling more than 6 billion barrels. Commercial production began in late December even as exploratory drilling continues.“At this point, we think production from Guyana developments over the next five or so years are in expectations,” Sankey said. “We would need to see more connection of Guyana operational success back to cash return growth to drive re-rating higher.”(Updates with context for annual gain in second paragraph.)To contact the reporter on this story: Kevin Crowley in Houston at kcrowley1@bloomberg.netTo contact the editor responsible for this story: Simon Casey at scasey4@bloomberg.netFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.

  • Hess (HES) Outshines S&P in 2019: Will It Rally in 2020 Too?
    Zacks

    Hess (HES) Outshines S&P in 2019: Will It Rally in 2020 Too?

    Mounting inventory of material oil discoveries in offshore Guyana primarily brightens the overall prospects of Hess (HES).

  • Shell (RDS.A) Wins Bid to Market First 3 Cargoes in Guyana
    Zacks

    Shell (RDS.A) Wins Bid to Market First 3 Cargoes in Guyana

    With this deal, Shell (RDS.A) will expand its footprint in the oil market of Guyana, thus supporting the country's oil marketing efforts.

  • Oil & Gas US Integrated Industry Outlook Upbeat on Upstream
    Zacks

    Oil & Gas US Integrated Industry Outlook Upbeat on Upstream

    Oil & Gas US Integrated Industry Outlook Upbeat on Upstream

  • How Did Hess Corporation (HES) Compare Against Top Hedge Fund Stocks in 2019?
    Insider Monkey

    How Did Hess Corporation (HES) Compare Against Top Hedge Fund Stocks in 2019?

    It has been a fantastic year for equity investors as Donald Trump pressured Federal Reserve to reduce interest rates and finalized the first leg of a trade deal with China. If you were a passive index fund investor, you had seen gains of 31% in your equity portfolio in 2019. However, if you were an […]

  • Here's Why You Should Retain Hess Corp (HES) Stock for Now
    Zacks

    Here's Why You Should Retain Hess Corp (HES) Stock for Now

    Hess Corp (HES) estimates gross resources of more than 6 billion barrels of oil equivalent from its 15 promising discoveries in the Stabroek Block, offshore Guyana.

  • Apache (APA) Stock Jumps on TOTAL JV in Suriname's Block 58
    Zacks

    Apache (APA) Stock Jumps on TOTAL JV in Suriname's Block 58

    Apache (APA) will be reimbursed for 50% of its spending on block 58 as of now.

  • ExxonMobil Makes 15th Discovery in Stabroek Offshore Guyana
    Zacks

    ExxonMobil Makes 15th Discovery in Stabroek Offshore Guyana

    ExxonMobil (XOM) expects the Mako-1 well to hold around 50 meters of high-quality oil-bearing sandstone reservoir.

  • Barrons.com

    2 Oil Field Announcements Show Things Are Starting to Go Right for Oil Stocks

    On Sunday, Apache announced a joint venture in Suriname with Total, helping the stock jump more than 15%. Exxon Mobil and Hess announced that they had started harvesting oil from its offshore wells in Guyana.