Scotiabank Weighs in on Hess’ FY2026 Earnings (NYSE:HES)

Hess Corporation (NYSE:HES) – Stock analysts at Scotiabank raised their FY2026 EPS estimates for shares of Hess in a research note issued to investors on Tuesday, July 15th. Scotiabank analyst P. Cheng now anticipates that the oil and gas producer will earn $5.85 per share for the year, up from their prior estimate of $5.40. Scotiabank currently has a “Sector Perform” rating and a $155.00 target price on the stock. The consensus estimate for Hess’ current full-year earnings is $8.08 per share.

HES has been the topic of several other reports. Wall Street Zen raised shares of Hess from a “sell” rating to a “hold” rating in a research note on Saturday, June 14th. Mizuho cut their target price on shares of Hess from $193.00 to $191.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 13th. UBS Group increased their target price on shares of Hess from $163.00 to $173.00 and gave the stock a “buy” rating in a research note on Wednesday, June 11th. Wells Fargo & Company cut their target price on shares of Hess from $193.00 to $184.00 and set an “overweight” rating on the stock in a research note on Thursday, June 26th. Finally, Susquehanna cut their target price on shares of Hess from $160.00 to $136.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 22nd. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $162.78.

Hess Stock Up 7.6%

Shares of NYSE HES opened at $160.31 on Friday. The firm has a market cap of $49.59 billion, a PE ratio of 22.17 and a beta of 0.62. Hess has a 12-month low of $123.79 and a 12-month high of $161.69. The company’s fifty day simple moving average is $139.83 and its 200 day simple moving average is $141.43. The company has a quick ratio of 0.91, a current ratio of 1.08 and a debt-to-equity ratio of 0.71.

Hess (NYSE:HES) last posted its quarterly earnings data on Wednesday, April 30th. The oil and gas producer reported $1.81 EPS for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.14). The firm had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.95 billion. Hess had a net margin of 17.65% and a return on equity of 21.78%. The company’s revenue for the quarter was down 12.1% compared to the same quarter last year. During the same period in the prior year, the company posted $3.16 earnings per share.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Hess by 5.2% during the first quarter. Vanguard Group Inc. now owns 34,873,741 shares of the oil and gas producer’s stock valued at $5,570,383,000 after purchasing an additional 1,732,497 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Hess by 16,134.6% during the first quarter. GAMMA Investing LLC now owns 1,546,506 shares of the oil and gas producer’s stock valued at $2,470,230,000 after purchasing an additional 1,536,980 shares in the last quarter. Nuveen LLC bought a new position in shares of Hess during the first quarter valued at about $196,457,000. Price T Rowe Associates Inc. MD lifted its position in shares of Hess by 94.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,043,488 shares of the oil and gas producer’s stock valued at $326,408,000 after purchasing an additional 992,383 shares in the last quarter. Finally, Symmetry Investments LP lifted its position in shares of Hess by 154.1% during the fourth quarter. Symmetry Investments LP now owns 1,381,076 shares of the oil and gas producer’s stock valued at $183,697,000 after purchasing an additional 837,662 shares in the last quarter. 88.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO John B. Hess sold 250,000 shares of Hess stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $136.01, for a total transaction of $34,002,500.00. Following the completion of the transaction, the chief executive officer directly owned 1,734,679 shares in the company, valued at $235,933,690.79. This trade represents a 12.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 9.10% of the stock is owned by corporate insiders.

Hess Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend was Monday, June 16th. Hess’s dividend payout ratio is currently 27.66%.

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.