What is Scotiabank’s Forecast for Hess FY2025 Earnings?

Hess Co. (NYSE:HES) – Equities researchers at Scotiabank decreased their FY2025 earnings estimates for Hess in a report released on Wednesday, March 19th. Scotiabank analyst P. Cheng now expects that the oil and gas producer will post earnings per share of $6.20 for the year, down from their previous forecast 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.

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

Hess Stock Down 0.5 %

HES stock opened at $156.59 on Monday. Hess has a twelve month low of $123.79 and a twelve month high of $163.98. 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 has a market capitalization of $48.28 billion, a P/E ratio of 17.40 and a beta of 1.21. The firm has a 50 day simple moving average of $146.73 and a 200-day simple moving average of $140.90.

Hess (NYSE:HES) last issued its quarterly earnings data on Wednesday, January 29th. The oil and gas producer reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate 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 disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend is Monday, March 17th. Hess’s dividend payout ratio is presently 22.22%.

Hedge Funds Weigh In On Hess

A number of hedge funds have recently added to or reduced their stakes in HES. J.Safra Asset Management Corp bought a new stake in Hess in the fourth quarter valued at $25,000. Sierra Ocean LLC bought a new stake in Hess in the fourth quarter valued at $27,000. Groupama Asset Managment lifted its stake in Hess by 22.7% in the third quarter. Groupama Asset Managment now owns 22,606 shares of the oil and gas producer’s stock valued at $31,000 after buying an additional 4,186 shares during the last quarter. Millstone Evans Group LLC bought a new stake in Hess in the fourth quarter valued at $33,000. Finally, FSA Wealth Management LLC bought a new stake in Hess in the third quarter valued at $37,000. Institutional investors and hedge funds 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.