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Hess Corp HES Stock Quote

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Morningstar‘s Stock Analysis HES

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Hess Announces Portfolio-Wide Outperformance in Third Quarter

Dave Meats Director

Analyst Note

| Dave Meats |

Hess shares surged ahead in early trading after the firm reported third quarter operational results that comfortably exceeded management estimates. Firmwide volumes, excluding Libya (where political unrest makes output too unpredictable to guide on), were 351 mboe/d. And to this, Hess' flagship assets in Guyana and the North Dakota Bakken Shale contributed 98 mboe/d and 166 mboe/d respectively. All three results exceeded the high end of guidance ranges, and the outperformance would have been even stronger if not for the impact of a 1 mmb underlift in Guyana (these volumes were extracted in the third quarter but not picked up for transport, and thus excluded from production). On the back of this strong performance the firm raised its outlook for full year output by 5 mboe/d while keeping the capital budget flat.

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Key Statistics HES

Company Profile HES

Business Description

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 2021, the company reported net proved reserves of 1.3 billion barrels of oil equivalent. Net production averaged 315 thousand barrels of oil equivalent per day in 2021, at a ratio of 69% oil and natural gas liquids and 31% natural gas.

1185 Avenue of the Americas
New York, NY, 10036
Sector Energy
Industry Oil & Gas E&P
Employees 1,545

Related Articles HES

FAQs for Hess Corp Stock

Yes. HES has a forward dividend yield of 1.11%. See HES’s full dividends and stock split history on the Dividend tab.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

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HES’s market cap is 41.66 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

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HES’s stock style is Large Core.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

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HES’s price/sales is 3.96.
Price/sales represents the amount an investor is willing to pay for a dollar generated from a particular company’s sales or revenues.

HES’s price/forward earnings is 13.81.
Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates. The lower the Forward P/E, the cheaper the stock.

HES’s price/book is 5.53.
Price/book ratio can tell investors approximately how much they’re paying for a company’s assets, based on historical, rather than current, valuations. Historical valuations generally do not reflect a company’s current market value. Value investors frequently look for companies that have low price/book ratios.

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HES’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Compare HES’s historical performance against its industry peers and the overall market.