What is Scotiabank’s Estimate for Hess FY2025 Earnings?

Hess Co. (NYSE:HES) – Analysts at Scotiabank reduced their FY2025 earnings estimates for Hess in a research note issued to investors on Wednesday, March 19th. Scotiabank analyst P. Cheng now forecasts that the oil and gas producer will post earnings of $6.20 per share for the year, down from their previous estimate 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.

Hess (NYSE:HES) last issued its quarterly earnings data on Wednesday, January 29th. The oil and gas producer reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.32. Hess had a net margin of 21.27% and a return on equity of 26.32%.

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

Hess Trading Up 0.7 %

NYSE HES opened at $158.51 on Monday. Hess has a 52 week low of $123.79 and a 52 week high of $163.98. The company has a 50 day moving average price of $147.22 and a 200 day moving average price of $141.32. The company has a quick ratio of 1.13, a current ratio of 1.12 and a debt-to-equity ratio of 0.72. The firm has a market cap of $48.87 billion, a PE ratio of 17.61 and a beta of 1.21.

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 annualized dividend and a yield of 1.26%. The ex-dividend date is Monday, March 17th. Hess’s payout ratio is currently 22.22%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. J.Safra Asset Management Corp purchased a new stake in Hess in the 4th quarter worth $25,000. Sierra Ocean LLC acquired a new position in shares of Hess during the 4th quarter worth about $27,000. Millstone Evans Group LLC purchased a new position in Hess in the 4th quarter valued at about $33,000. FSA Wealth Management LLC acquired a new stake in Hess in the 3rd quarter worth about $37,000. Finally, Rialto Wealth Management LLC purchased a new stake in Hess during the 4th quarter worth approximately $37,000. 88.51% of the stock is owned by institutional investors and hedge funds.

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.