HES

Hess Corp

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148.970

0(0.000%)1D

Overview
Forecast
Valuation
Earnings

Line

Candle

YTD

High

148.970

Open

148.970

VWAP

Vol

Mkt Cap

45.46B

Low

148.970

Amount

EV/EBITDA(TTM)

8.15

Total Shares

308.11M

54.42B

EV/OCF(TTM)

8.90

P/S(TTM)

3.68

Hess Corporation is a global exploration and production (E&P) company. The Company is engaged in exploration, development, production, transportation, purchase and sale of crude oil, natural gas liquids (NGL), and natural gas with production operations located in the United States (U.S.), Guyana, the Malaysia/Thailand Joint Development Area (JDA) and Malaysia. The Company operates through two segments: E&P and Midstream. The E&P segment explores for, develops, produces, purchases and sells crude oil, NGL and natural gas. The Midstream segment provides fee-based services, including gathering, compressing and processing natural gas and fractionating NGL; gathering, terminaling, loading and transporting crude oil and NGL; storing and terminaling propane, and water handling services primarily in the Bakken shale play of North Dakota. The Company conducts exploration activities primarily offshore Guyana, in the U.S. Gulf of Mexico, and offshore Suriname.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2025Q4

FY2025Q3

FY2025Q2

2.80B

-13.14%

1.524

-13.41%

2.68B

-16.11%

1.348

-37.01%

2.68B

-17.66%

1.258

-52%

Estimates Revision

The market is revising Downward the revenue expectations for Hess Corporation (HES) for FY2025, with the revenue forecasts being adjusted by -6.14% over the past three months. During the same period, the stock price has changed by 17.93%.

Revenue Estimates for FY2025

Revise Downward

-6.14%

In Past 3 Month

EPS Estimates for FY2025

Revise Downward

-15.89%

In Past 3 Month

Stock Price

Go Up

+17.93%

In Past 3 Month

10 Analyst Rating

8.96% Upside

Wall Street analysts forecast HES stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for HES is 162.32 USD with a low forecast of 136.00 USD and a high forecast of 191.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

5 Buy

5 Hold

0 Sell

Moderate Buy

8.96% Upside

Current: 148.970

Low

136.00

Averages

162.32

High

191.00

8.96% Upside

Current: 148.970

Low

136.00

Averages

162.32

High

191.00

Scotiabank

Paul Cheng

Sector Perform

maintain

$155

2025-07-11

Reason

Scotiabank

Paul Cheng

Price Target

$155

2025-07-11

maintain

Sector Perform

Reason

Scotiabank analyst Paul Cheng raised the firm's price target on Hess Corp. to $155 from $146.58 and keeps a Sector Perform rating on the shares. The firm is updating its price targets of U.S. Integrated Oil, Refining, and Large Cap E&P stocks under its coverage, the analyst tells investors.

Piper Sandler

Overweight

maintain

$147 -> $153

2025-07-02

Reason

Piper Sandler

Price Target

$147 -> $153

2025-07-02

maintain

Overweight

Reason

Piper Sandler raised the firm's price target on Hess Corp. to $153 from $147 and keeps an Overweight rating on the shares. The firm is revising Q2 estimates for the IOCs to reflect final Q2 mark-to-market on commodity prices and refining margins, as well as modest adjustments to operating assumptions. Piper is raising its Q2 EPS/EBITDA estimates by 14%/10%, respectively, on average, driven primarily by higher assumed crude price. Based on current estimates, the firm sees modest upside to Street Q2 estimates, although with trading statements and additional disclosures still to come, Piper anticipates that estimates will change modestly in the coming weeks.

Wells Fargo

Overweight

downgrade

$193 -> $184

2025-06-26

Reason

Wells Fargo

Price Target

$193 -> $184

2025-06-26

downgrade

Overweight

Reason

Wells Fargo lowered the firm's price target on Hess Corp. to $184 from $193 and keeps an Overweight rating on the shares.

UBS

Buy

maintain

$163 -> $173

2025-06-11

Reason

UBS

Price Target

$163 -> $173

2025-06-11

maintain

Buy

Reason

UBS raised the firm's price target on Hess Corp. to $173 from $163 and keeps a Buy rating on the shares. The arbitration process is underway, with an expectation for the process to go until late August-September, the analyst tells investors in a research note. The firm sees less downside risk at Hess than previously.

Mizuho

Neutral

maintain

$193 -> $191

2025-05-13

Reason

Mizuho

Price Target

$193 -> $191

2025-05-13

maintain

Neutral

Reason

Piper Sandler

Ryan Todd

Overweight

downgrade

$151 -> $147

2025-05-13

Reason

Piper Sandler

Ryan Todd

Price Target

$151 -> $147

2025-05-13

downgrade

Overweight

Reason

Piper Sandler analyst Ryan Todd lowered the firm's price target on Hess Corp. to $147 from $151 and keeps an Overweight rating on the shares. Exiting Q1 results, PSC's commodity team has reduced its 2025/2026 commodity price outlook, while raising mid-cycle natural gas to $3.50/mmbtu vs. $3.25 prior, the firm notes. While Piper expects the combination of balance sheet, visible growth and resource depth will allow the IOCs to maintain an advantaged level of momentum through the potential weakness, and refining tailwinds offer a slight offset, the firm believes investors will increasingly focus on the risks to the current pace of shareholder distributions for the group, where it sees CFO for the group only able to cover 25%/59% of the current buyback pace on average at $55/$65/bbl Brent.

See All Ratings

Valuation Metrics

The current forward P/E ratio for Hess Corp (HES.N) is 24.04, compared to its 5-year average forward P/E of 16.31. For a more detailed relative valuation and DCF analysis to assess Hess Corp 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

Fair

5Y Average PE

16.31

Current PE

24.04

Overvalued PE

32.09

Undervalued PE

0.54

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

Fair

5Y Average EV/EBITDA

8.05

Current EV/EBITDA

8.62

Overvalued EV/EBITDA

9.36

Undervalued EV/EBITDA

6.74

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Overvalued

5Y Average PS

3.38

Current PS

3.98

Overvalued PS

3.91

Undervalued PS

2.86