$0.21 EPS Expected for Hess Corp. (HES) This Quarter

Brokerages predict that Hess Corp. (NYSE:HES) will post earnings of $0.21 per share for the current quarter, according to Zacks. Two analysts have made estimates for Hess’ earnings, with estimates ranging from ($0.29) to $0.75. Hess reported earnings of ($1.01) per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 120.8%. The firm is expected to report its next quarterly earnings report on Monday, February 4th.

On average, analysts expect that Hess will report full-year earnings of $0.03 per share for the current year, with EPS estimates ranging from ($0.41) to $0.68. For the next fiscal year, analysts expect that the firm will report earnings of $1.78 per share, with EPS estimates ranging from ($1.05) to $3.02. Zacks’ EPS averages are a mean average based on a survey of research analysts that cover Hess.

Hess (NYSE:HES) last announced its quarterly earnings data on Wednesday, October 31st. The oil and gas producer reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.43. The firm had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.54 billion. Hess had a negative net margin of 47.06% and a negative return on equity of 2.64%. The business’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same period in the prior year, the company posted ($1.07) earnings per share.

HES has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Hess from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a research note on Monday, July 16th. Mizuho initiated coverage on shares of Hess in a research note on Monday, July 23rd. They set a “neutral” rating and a $80.00 price objective on the stock. Bank of America set a $80.00 price objective on shares of Hess and gave the stock a “buy” rating in a research note on Wednesday, July 25th. KLR Group reiterated a “hold” rating and set a $74.00 price objective on shares of Hess in a research note on Monday, August 20th. Finally, Credit Suisse Group set a $61.00 price target on shares of Hess and gave the company a “hold” rating in a research note on Monday, September 17th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $66.64.

Shares of Hess stock opened at $59.15 on Friday. The stock has a market cap of $18.25 billion, a price-to-earnings ratio of -12.83, a PEG ratio of 387.42 and a beta of 1.55. The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.29 and a current ratio of 2.30. Hess has a 12-month low of $40.37 and a 12-month high of $74.81.

Several institutional investors and hedge funds have recently bought and sold shares of HES. Northern Trust Corp raised its holdings in Hess by 0.3% in the 2nd quarter. Northern Trust Corp now owns 3,047,025 shares of the oil and gas producer’s stock valued at $203,815,000 after buying an additional 7,856 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in Hess by 6.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 108,170 shares of the oil and gas producer’s stock valued at $7,235,000 after buying an additional 6,405 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in Hess by 35.2% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 207,296 shares of the oil and gas producer’s stock valued at $13,866,000 after buying an additional 53,944 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in Hess by 23.8% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 50,472 shares of the oil and gas producer’s stock valued at $3,376,000 after buying an additional 9,710 shares during the last quarter. Finally, CIBC World Markets Inc. raised its holdings in Hess by 56.0% in the 2nd quarter. CIBC World Markets Inc. now owns 105,673 shares of the oil and gas producer’s stock valued at $7,068,000 after buying an additional 37,928 shares during the last quarter. Institutional investors own 88.65% of the company’s stock.

Hess Company Profile

Hess Corporation, an exploration and production company, develops, produces, purchases, transports, and sells crude oil, natural gas liquids (NGLs), and natural gas. It operates through two segments, Exploration and Production, and Midstream. The company conducts production operations primarily in the United States, Denmark, the Malaysia/Thailand Joint Development Area, and Malaysia; and exploration activities primarily offshore Guyana, Suriname, Canada, and in the Gulf of Mexico.

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