Hess logged a 3.9% change during today's evening session, and is now trading at a price of $147.76 per share. On average, analysts give it a target price of $172.48.
Hess Corporation, an exploration and production company, explores, develops, produces, purchases, transports, and sells crude oil, natural gas liquids (NGLs), and natural gas. The large-cap company is based in the United States. Hess currently returns an annual dividend yield of 1.2%.
What to Consider if You Are Thinking of Buying Hess:
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Hess has moved 5.0% over the last year.
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HES has a forward P/E ratio of 16.3 based on its EPS guidance of 9.05.
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Over the last 6 years, earnings per share (EPS) have been growing at a compounded average rate of 32.3%.
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The company has a price to earnings growth (PEG) ratio of 4.34.
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Its Price to Book (P/B) ratio is 5.27
Hess Has a Pattern of Improving Cash Flows
| Date Reported | Cash Flow from Operations ($ k) | Capital expenditures ($ k) | Free Cash Flow ($ k) | YoY Growth (%) |
|---|---|---|---|---|
| 2023 | 4,203,000 | 234,000 | 3,969,000 | 7.1 |
| 2022 | 3,944,000 | 238,000 | 3,706,000 | 35.9 |
| 2021 | 2,890,000 | 163,000 | 2,727,000 | 164.24 |
| 2020 | 1,333,000 | 301,000 | 1,032,000 | -17.17 |
| 2019 | 1,642,000 | 396,000 | 1,246,000 | -26.53 |
| 2018 | 1,939,000 | 243,000 | 1,696,000 |
Hess's free cash flow history is impressive because it displays year-on-year increases over the last 6 years. Averaging out at $2.4 Billion, and following a compounded average growth rate of 15.2%, investors who focus on cash flow growth should do further research on this firm.
