Hess
About: Hess is an independent oil and gas producer with key assets in the Bakken Shale, Guyana, the Gulf of Mexico, and Southeast Asia. At the end of 2024, the company reported net proved reserves of 1.44 billion barrels of oil equivalent. Net production averaged 481 thousand barrels of oil equivalent per day in 2024, at a ratio of 79% oil and natural gas liquids and 21% natural gas.
Employees: 1,756
0
Funds holding %
of 7,139 funds
0
Analysts bullish %
of 3 analysts
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
92% more first-time investments, than exits
New positions opened: 113 | Existing positions closed: 59
10% more funds holding in top 10
Funds holding in top 10: 51 [Q3] → 56 (+5) [Q4]
3% more funds holding
Funds holding: 792 [Q3] → 819 (+27) [Q4]
2% more repeat investments, than reductions
Existing positions increased: 291 | Existing positions reduced: 285
0.29% more ownership
Funds ownership: 79.93% [Q3] → 80.22% (+0.29%) [Q4]
2% less capital invested
Capital invested by funds: $33.4B [Q3] → $32.9B (-$537M) [Q4]
35% less call options, than puts
Call options by funds: $403M | Put options by funds: $622M
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$163
10%
upside
Avg. target
$181
22%
upside
High target
$193
30%
upside
3 analyst ratings
2 positive
67%
1 neutral
33%
0 negative
0%
UBS Josh Silverstein 49% 1-year accuracy 25 / 51 met price target | 26%upside $186 | Buy Maintained | 13 Feb 2025 |
Wells Fargo Roger Read 39% 1-year accuracy 43 / 109 met price target | 30%upside $193 | Overweight Upgraded | 9 Dec 2024 |
Citigroup Scott Gruber 45% 1-year accuracy 32 / 71 met price target | 10%upside $163 | Neutral Maintained | 6 Dec 2024 |
Financial journalist opinion
Based on 13 articles about HES published over the past 30 days
Negative
Zacks Investment Research
1 week ago
Chevron's Declining Oil Reserves to be Supported by Hess' Guyana Asset
CVX's pressing concern of dwindling oil and gas reserves defines the urgency of the planned acquisition of Hess' Guyana assets.
Negative
Reuters
1 week ago
Chevron struggles to replace oil, gas reserves amid Hess deal limbo
Chevron's oil and gas reserves have fallen to the lowest point in at least a decade, highlighting the importance of the U.S. major's planned acquisition of oil producer Hess that has stalled due to a court battle with Exxon Mobil.
Positive
Investors Business Daily
2 weeks ago
15 Stocks' Profit Grows Faster Than Any Of The Magnificent Seven
The Magnificent Seven stocks in the S&P 500 get lots of attention — for some good reasons. But top profit growth isn't one of them.
Positive
Seeking Alpha
3 weeks ago
Hess Corporation: Advantage To Exxon Mobil
Hess Corporation's profits are driven by Guyana operations. Exxon Mobil's position strengthens as arbitration continues. The value of Hess keeps increasing with rising Guyana production and the slow arbitration process. Hess's North American operations are unprofitable.
Neutral
Seeking Alpha
3 weeks ago
Hess Midstream: Hess Issues Domination Continues
Hess Corporation, operating in the Bakken, has been unprofitable for some time in the United States. The financial health of Hess Midstream is threatened by the ongoing issues faced by its parent company in the Bakken region. The Bakken operation is a large majority of the Hess United States Operations.
Positive
Seeking Alpha
3 weeks ago
Hess Midstream Continues To Deliver Excellent Results In Q4
Hess Midstream LP has shown strong performance, with shares up 21% over the past year and a near-7% dividend yield, reaching a 52-week-high. The company reported solid quarterly results, with revenue up 11% and EBITDA margins expanding to 81%, driven by increased production and throughput volumes. Guidance for 2025 and beyond is robust, with expected EBITDA growth, stable leverage, and potential for significant buybacks, supporting a bullish outlook.
Neutral
Zacks Investment Research
3 weeks ago
Hess Q4 Earnings Beat Estimates, Revenues Rise Year Over Year
HES' Q4 earnings gain from increased oil-equivalent production and lower costs, though partially weighed down by weaker realized crude and natural gas prices.
Positive
The Motley Fool
3 weeks ago
Hess Exceeds Q4 EPS, Revenue Forecasts
Oil and natural gas exploration and production specialist Hess (HES -0.07%) reported fourth-quarter and full-year 2024 earnings on Wednesday, Jan. 29, that topped analyst consensus estimates. Stronger-than-expected adjusted EPS came in at $1.76 while revenue and non-operating income reached $3.23 billion, exceeding forecasts of $2.94 billion.
Positive
Zacks Investment Research
3 weeks ago
Hess (HES) Surpasses Q4 Earnings and Revenue Estimates
Hess (HES) came out with quarterly earnings of $1.76 per share, beating the Zacks Consensus Estimate of $1.51 per share. This compares to earnings of $1.63 per share a year ago.
Positive
Reuters
3 weeks ago
Shale producer Hess beats profit estimates on higher output in US, Guyana
Oil and gas producer Hess Corp's fourth-quarter profit surpassed Wall Street expectations on Wednesday, buoyed by higher production volumes in the United States and Guyana.
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