Zacks Research Issues Positive Forecast for Hess Earnings

Hess Co. (NYSE:HES) – Research analysts at Zacks Research raised their Q1 2026 earnings estimates for shares of Hess in a research note issued to investors on Tuesday, October 22nd. Zacks Research analyst R. Department now forecasts that the oil and gas producer will earn $2.49 per share for the quarter, up from their previous estimate of $2.46. The consensus estimate for Hess’ current full-year earnings is $10.22 per share. Zacks Research also issued estimates for Hess’ Q2 2026 earnings at $2.42 EPS, Q3 2026 earnings at $2.18 EPS and FY2026 earnings at $9.50 EPS.

Hess (NYSE:HES) last issued its quarterly earnings results on Wednesday, July 31st. The oil and gas producer reported $2.62 earnings per share for the quarter, topping the consensus estimate of $2.48 by $0.14. Hess had a net margin of 21.22% and a return on equity of 27.43%. The company had revenue of $3.26 billion for the quarter, compared to the consensus estimate of $3.24 billion. During the same quarter in the prior year, the company earned $0.65 EPS. Hess’s quarterly revenue was up 40.3% on a year-over-year basis.

A number of other brokerages have also recently commented on HES. Citigroup dropped their price objective on shares of Hess from $160.00 to $145.00 and set a “neutral” rating on the stock in a research note on Thursday, September 5th. Mizuho dropped their price objective on shares of Hess from $210.00 to $194.00 and set a “neutral” rating on the stock in a research note on Monday, September 16th. Scotiabank raised their price objective on shares of Hess from $157.00 to $167.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 10th. Wells Fargo & Company dropped their price objective on shares of Hess from $171.00 to $151.00 and set an “equal weight” rating on the stock in a research note on Friday, September 27th. Finally, Susquehanna raised their price objective on shares of Hess from $149.00 to $154.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $164.00.

Hess Price Performance

Shares of NYSE:HES opened at $138.02 on Friday. Hess has a twelve month low of $123.79 and a twelve month high of $163.98. The company’s 50 day moving average is $135.45 and its 200 day moving average is $144.76. The company has a current ratio of 1.27, a quick ratio of 1.14 and a debt-to-equity ratio of 0.78. The company has a market cap of $42.53 billion, a PE ratio of 21.14 and a beta of 1.15.

Hess Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were given a dividend of $0.50 per share. This is a positive change from Hess’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend was Monday, September 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.45%. Hess’s dividend payout ratio (DPR) is 30.63%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp lifted its holdings in Hess by 34.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,835,486 shares of the oil and gas producer’s stock valued at $418,291,000 after purchasing an additional 726,631 shares in the last quarter. Hsbc Holdings PLC lifted its holdings in Hess by 76.4% in the 2nd quarter. Hsbc Holdings PLC now owns 1,532,132 shares of the oil and gas producer’s stock valued at $227,273,000 after purchasing an additional 663,338 shares in the last quarter. Bank of Montreal Can lifted its holdings in Hess by 64.3% in the 2nd quarter. Bank of Montreal Can now owns 1,449,969 shares of the oil and gas producer’s stock valued at $218,220,000 after purchasing an additional 567,550 shares in the last quarter. Marshall Wace LLP lifted its holdings in Hess by 45.6% in the 2nd quarter. Marshall Wace LLP now owns 1,794,087 shares of the oil and gas producer’s stock valued at $264,664,000 after purchasing an additional 561,832 shares in the last quarter. Finally, Sculptor Capital LP lifted its holdings in Hess by 188.7% in the 2nd quarter. Sculptor Capital LP now owns 765,542 shares of the oil and gas producer’s stock valued at $112,933,000 after purchasing an additional 500,342 shares in the last quarter. Hedge funds and other institutional investors own 88.51% of the company’s stock.

Hess Company Profile

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.