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Hess Corp HES

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Stock XNYS Rating as of
$159.13 +2.19 (1.40%)
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Company Report

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Chevron Still Expects to Acquire Hess

Stephen Ellis

Hess' track record for efficiently allocating capital and generating value has been steadily improving. The company has deftly streamlined its portfolio by jettisoning less competitive and riskier positions in Equatorial Guinea, the Danish North Sea, and Libya, and by shifting the focus to more-lucrative oil and gas assets. Today the firm has two major growth assets: its 30% working interest in the Exxon-operated Stabroek block in offshore Guyana, and its acreage in the Bakken Shale play, which is US onshore. Cash flows from its legacy operations in the US Gulf of Mexico and Southeast Asia support Hess' ongoing investment in these regions.

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Price vs Fair Value

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HES is trading at a 13% discount.
Price
$156.94
Fair Value
$534.00
Uncertainty
High
1-Star Price
$881.00
5-Star Price
$887.00
Economic Moat
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Capital Allocation
Ltbwdxzsd

Bulls Say, Bears Say

Bulls

The Stabroek block (Guyana), in which Hess has a 30% stake, is a huge resource, with at least 11 billion barrels of oil equivalent recoverable. It will account for 2% of global oil supply by 2030.

Bears

Liza was sanctioned at a very fortuitous point in the cost cycle, and finding and development costs have been steadily rising for follow-up developments in Guyana.

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Trading Information

Previous Close Price
$156.94
Day Range
$155.98–159.22
52-Week Range
$124.27–167.75
Bid/Ask
$158.70 / $158.97
Market Cap
$49.03 Bil
Volume/Avg
2.4 Mil / 2.6 Mil

Key Statistics

Price/Earnings (Normalized)
31.51
Price/Sales
4.66
Dividend Yield (Trailing)
1.12%
Dividend Yield (Forward)
1.12%
Total Yield
1.10%

Company Profile

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 2023, the company reported net proved reserves of 1.4 billion barrels of oil equivalent. Net production averaged 391 thousand barrels of oil equivalent per day in 2023, at a ratio of 74% oil and natural gas liquids and 26% natural gas.
Sector
Energy
Industry
Oil & Gas E&P
Stock Style Box
Mid Core
Total Number of Employees
1,756
Website
https://www.hess.com

Competitors

Valuation

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Metric
HES
COP
MRO
Price/Earnings (Normalized)
 31.5114.729.83
Price/Book Value
 5.443.091.42
Price/Sales
 4.662.782.61
Price/Cash Flow
 10.897.304.00
Price/Earnings
HES
COP
MRO

Financial Strength

Metric
HES
COP
MRO
Quick Ratio
 0.921.210.33
Current Ratio
 1.051.430.40
Interest Coverage
 6.1715.946.55
Quick Ratio
HES
COP
MRO

Profitability

Metric
HES
COP
MRO
Return on Assets (Normalized)
 6.86%11.43%7.99%
Return on Equity (Normalized)
 18.53%22.08%14.05%
Return on Invested Capital (Normalized)
 10.30%16.85%10.90%
Return on Assets
HES
COP
MRO
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