Market Cap
US$20.5b
Last Updated
2019/11/21 00:01 UTC
Data Sources
Company Financials +
Executive Summary
Hess Corporation, an exploration and production company, explores for, develops, produces, purchases, transports, and sells crude oil, natural gas liquids (NGLs), and natural gas.
Snowflake
Fundamentals
Reasonable growth potential average dividend payer.
Similar Companies
Share Price & News
How has Hess's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: HES has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-1.1%
HES
-1.8%
US Oil and Gas
0.5%
US Market
1 Year Return
19.5%
HES
-13.9%
US Oil and Gas
16.1%
US Market
Return vs Industry: HES exceeded the US Oil and Gas industry which returned -13.9% over the past year.
Return vs Market: HES exceeded the US Market which returned 16.1% over the past year.
Shareholder returns
| HES | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.1% | -1.8% | 0.5% |
| 30 Day | -0.6% | 0.04% | 3.9% |
| 90 Day | 12.7% | 1.9% | 6.6% |
| 1 Year | 21.6%19.5% | -10.8%-13.9% | 18.7%16.1% |
| 3 Year | 33.6%26.2% | -10.2%-18.5% | 47.2%37.7% |
| 5 Year | -8.9%-16.9% | -23.3%-34.4% | 61.5%43.7% |
Price Volatility Vs. Market
How volatile is Hess's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 day ago | Simply Wall St
Is Hess (NYSE:HES) A Risky Investment?2 weeks ago | Simply Wall St
Hess Corporation Just Released Its Third-Quarter Earnings: Here's What Analysts Think1 month ago | Simply Wall St
Did You Miss Hess's (NYSE:HES) 31% Share Price Gain?Valuation
Is Hess undervalued compared to its fair value and its price relative to the market?
2.3x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: HES ($67.13) is trading above our estimate of fair value ($18.62)
Significantly Below Fair Value: HES is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: HES is unprofitable, so we can't compare its PE Ratio to the Oil and Gas industry average.
PE vs Market: HES is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate HES's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: HES is overvalued based on its PB Ratio (2.3x) compared to the US Oil and Gas industry average (0.8x).
Next Steps
Future Growth
How is Hess forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?
78.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HES is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.7%).
Earnings vs Market: HES is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: HES's is expected to become profitable in the next 3 years.
Revenue vs Market: HES's revenue (9.1% per year) is forecast to grow faster than the US market (7.3% per year).
High Growth Revenue: HES's revenue (9.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: HES's Return on Equity is forecast to be low in 3 years time (8.1%).
Next Steps
Past Performance
How has Hess performed over the past 5 years?
-14.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HES has large one-off items impacting its financial results.
Growing Profit Margin: HES is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: HES is unprofitable, and losses have increased over the past 5 years at a rate of -14.1% per year.
Accelerating Growth: Unable to compare HES's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: HES is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-9.9%).
Return on Equity
High ROE: HES has a negative Return on Equity (-0.23%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Hess's financial position?
Financial Position Analysis
Short Term Liabilities: HES's short term assets ($3.4B) exceeds its short term liabilities ($2.3B)
Long Term Liabilities: HES's short term assets ($3.4B) do not cover its long term liabilities (9.1B)
Debt to Equity History and Analysis
Debt Level: HES's debt to equity ratio (64.3%) is considered high.
Reducing Debt: HES's debt to equity ratio has increased from 24.1% to 64.3% over the past 5 years.
Balance Sheet
Inventory Level: HES has a high level of physical assets or inventory.
Debt Coverage by Assets: HES's debt is not covered by short term assets (assets are 0.5x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: HES has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if HES has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
Next Steps
Dividend
What is Hess's current dividend yield, its reliability and sustainability?
1.49%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: HES's dividend (1.49%) is higher than the bottom 25% of dividend payers in the US market (1.43%).
High Dividend: HES's dividend (1.49%) is low compared to the top 25% of dividend payers in the US market (3.65%).
Stability and Growth of Payments
Stable Dividend: HES's dividends per share have been stable in the past 10 years.
Growing Dividend: HES's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: HES is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: HES's dividends in 3 years are forecast to be well covered by earnings (33.7% payout ratio).
Next Steps
Management
What is the CEO of Hess's salary, the management and board of directors tenure and is there insider trading?
8.1yrs
Average management tenure
CEO
John Hess (65yo)
24.5yrs
Tenure
US$12,572,440
Compensation
Mr. John B. Hess has been the Chief Executive Officer at Hess Corporation since May 3, 1995. Mr. Hess has been the Chairman of the Board of Directors and Chief Executive Officer of Hess Midstream Partners ...
CEO Compensation Analysis
Compensation vs Market: John's total compensation ($USD12.57M) is about average for companies of similar size in the US market ($USD11.01M).
Compensation vs Earnings: John's compensation has been consistent with company performance over the past year.
Management Age and Tenure
8.1yrs
Average Tenure
60yo
Average Age
Experienced Management: HES's management team is seasoned and experienced (8.1 years average tenure).
Board Age and Tenure
6.5yrs
Average Tenure
66.5yo
Average Age
Experienced Board: HES's board of directors are considered experienced (6.5 years average tenure).
Insider Trading
Insider Buying: HES insiders have only sold shares in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Senior Key Executive Senior Vice President of Global Production |
| Shares | 10,955 |
| Max Price | US$69.00 |
| Entity | Individual |
| Role | Chief Operating Officer COO, Executive VP and President of Worldwide Exploration & Production |
| Shares | 17,750 |
| Max Price | US$70.94 |
| Entity | Individual |
| Shares | 19,189 |
| Max Price | US$70.65 |
| Entity | Individual |
| Role | Senior Key Executive Senior Vice President of Global Production |
| Shares | 11,258 |
| Max Price | US$61.71 |
| Entity | Individual |
| Shares | 7,305 |
| Max Price | US$57.18 |
| Entity | Individual |
| Role | Senior Key Executive Senior Vice President of Global Production |
| Shares | 7,305 |
| Max Price | US$57.18 |
| Entity | Individual |
| Role | Head of Human Resources Senior VP of Human Resources & Office Management |
| Shares | 2,081 |
| Max Price | US$62.52 |
| Entity | Individual |
| Role | Chief Operating Officer COO, Executive VP and President of Worldwide Exploration & Production |
| Shares | 8,700 |
| Max Price | US$57.93 |
| Entity | Individual |
| Role | Chief Operating Officer COO, Executive VP and President of Worldwide Exploration & Production |
| Shares | 4,987 |
| Max Price | US$56.73 |
| Entity | Individual |
| Role | Chief Legal Officer Senior VP |
| Shares | 6,208 |
| Max Price | US$56.06 |
| Entity | Individual |
| Role | Head of Human Resources Senior VP of Human Resources & Office Management |
| Shares | 6,217 |
| Max Price | US$57.12 |
| Entity | Individual |
| Role | Senior Key Executive Senior Vice President of Global Production |
| Shares | 7,784 |
| Max Price | US$56.47 |
| Entity | Individual |
| Role | Chief Technology Officer Senior VP of Technology & Services |
| Shares | 1,211 |
| Max Price | US$56.73 |
| Entity | Individual |
| Shares | 1,532 |
| Max Price | US$56.73 |
| Entity | Individual |
| Role | Chief Financial Officer Senior VP & CFO |
| Shares | 2,627 |
| Max Price | US$56.73 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 442 |
| Max Price | US$56.74 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 442 |
| Max Price | US$56.74 |
| Entity | Individual |
| Role | Chairman of the Board Independent Chairman |
| Shares | 442 |
| Max Price | US$56.74 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 442 |
| Max Price | US$56.74 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 442 |
| Max Price | US$56.74 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 442 |
| Max Price | US$56.74 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 442 |
| Max Price | US$56.74 |
| Entity | Individual |
| Shares | 442 |
| Max Price | US$56.74 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 442 |
| Max Price | US$56.74 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 442 |
| Max Price | US$56.74 |
| Entity | Individual |
| Shares | 1,168 |
| Max Price | US$58.90 |
| Entity | Individual |
| Role | Chief Operating Officer COO, Executive VP and President of Worldwide Exploration & Production |
| Shares | 7,134 |
| Max Price | US$58.90 |
| Entity | Individual |
| Role | Chief Technology Officer Senior VP of Technology & Services |
| Shares | 1,168 |
| Max Price | US$58.90 |
| Entity | Individual |
| Role | Chief Legal Officer Senior VP |
| Shares | 3,946 |
| Max Price | US$58.90 |
| Entity | Individual |
| Role | Senior Key Executive Senior Vice President of Global Production |
| Shares | 1,168 |
| Max Price | US$58.90 |
| Entity | Individual |
| Role | Chief Financial Officer Senior VP & CFO |
| Shares | 3,758 |
| Max Price | US$58.90 |
| Entity | Individual |
| Role | Senior Key Executive Senior Vice President of Global Production |
| Shares | 7,107 |
| Max Price | US$55.44 |
| Entity | Individual |
| Role | Chief Financial Officer Senior VP & CFO |
| Shares | 5,172 |
| Max Price | US$53.40 |
| Entity | Individual |
| Role | Senior Key Executive Senior Vice President of Global Production |
| Shares | 2,352 |
| Max Price | US$53.40 |
| Entity | Individual |
| Role | Chief Legal Officer Senior VP |
| Shares | 5,546 |
| Max Price | US$53.40 |
| Entity | Individual |
| Role | Chief Operating Officer COO, Executive VP and President of Worldwide Exploration & Production |
| Shares | 11,659 |
| Max Price | US$53.40 |
| Entity | Individual |
| Shares | 2,353 |
| Max Price | US$53.40 |
| Entity | Individual |
| Role | Head of Human Resources Senior VP of Human Resources & Office Management |
| Shares | 2,684 |
| Max Price | US$53.40 |
| Entity | Individual |
| Role | Chief Technology Officer Senior VP of Technology & Services |
| Shares | 17,843 |
| Max Price | US$54.14 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
John Hess (65yo)
CEO & Director
- Tenure: 24.5yrs
- Compensation: US$12.57m
Tim Goodell (62yo)
Senior VP
- Tenure: 10.8yrs
- Compensation: US$4.13m
John Rielly (57yo)
Senior VP & CFO
- Tenure: 15.6yrs
- Compensation: US$3.98m
Jay Wilson (73yo)
Vice President of Investor Relations
- Tenure: 16.3yrs
Jonathan Stein
VP, CFO of Midstream & Chief Risk Officer
- Tenure: 2.8yrs
Greg Hill (58yo)
COO, Executive VP and President of Worldwide Exploration & Production
- Tenure: 5.8yrs
- Compensation: US$8.72m
Mike Turner (60yo)
Senior Vice President of Global Production
- Tenure: 10.4yrs
- Compensation: US$3.15m
Andy Slentz (57yo)
Senior VP of Human Resources & Office Management
- Tenure: 3.5yrs
Richard Lynch (60yo)
Senior VP of Technology & Services
- Tenure: 1.8yrs
Lorrie Hecker
VP of Communications
- Tenure: 2.3yrs
Board Members
John Hess (65yo)
CEO & Director
- Tenure: 24.5yrs
- Compensation: US$12.57m
Rodney Chase (76yo)
Independent Director
- Tenure: 6.5yrs
- Compensation: US$339.79k
Ede Holiday (67yo)
Independent Director
- Tenure: 26.8yrs
- Compensation: US$305.15k
Risa Lavizzo-Mourey (64yo)
Independent Director
- Tenure: 15.4yrs
- Compensation: US$305.15k
Leonard Coleman (70yo)
Independent Director
- Tenure: 3.2yrs
- Compensation: US$300.66k
Kevin Meyers (65yo)
Independent Director
- Tenure: 6.5yrs
- Compensation: US$342.96k
David McManus (66yo)
Independent Director
- Tenure: 6.5yrs
- Compensation: US$300.15k
Terry Checki (73yo)
Independent Director
- Tenure: 5.5yrs
- Compensation: US$305.15k
Bill Schrader (61yo)
Independent Director
- Tenure: 6.5yrs
- Compensation: US$316.17k
Jim Quigley (67yo)
Independent Chairman
- Tenure: 3.7yrs
- Compensation: US$507.96k
Company Information
Hess Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Hess Corporation
- Ticker: HES
- Exchange: NYSE
- Founded: 1920
- Industry: Oil and Gas Exploration and Production
- Sector: Energy
- Market Cap: US$20.455b
- Shares outstanding: 304.70m
- Website: https://www.hess.com
Number of Employees
Location
- Hess Corporation
- 1185 Avenue of the Americas
- 40th Floor
- New York
- New York
- 10036
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| HES | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Mar 1964 |
| AHC | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Mar 1964 |
| 0J50 | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | Mar 1964 |
Biography
Hess Corporation, an exploration and production company, explores for, develops, produces, purchases, transports, and sells crude oil, natural gas liquids (NGLs), and natural gas. It operates through two s ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/11/21 00:01 |
| End of Day Share Price | 2019/11/20 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.