最新ニュース Hess (NYSE:HES) 株価情報

Hess

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 2023, the company reported net proved reserves of 1.4 billion barrels of oil equivalent. Net production averaged 391 thousand barrels of oil equivalent per day in 2023, at a ratio of 74% oil and natural gas liquids and 26% natural gas.

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株主たちがチェブロン・コープ (NYSE:CVX) との530億ドルの合併を承認した後、 ヘス社 (NYSE:HES) の株価が動いている（火曜日）。

ヘスの株主は、シェブロンとの530億ドルの合併を承認した

Hess Corp

HERMES INTL SA by Hermes International SA

Hermes International SA

HERMES INTL SA UNSP/ADR by Hermes International SA

HEALTH SCIENCES GROUP INC by Health Sciences Group, Inc.

Health Sciences Group Inc

Hess Midstream LP

Hesperos, Inc.

HOME ENERGY SAVINGS CORP by Home Energy Savings Corp.

The energy sector is experiencing a sharp rebound following a significant escalation in Middle Eastern tensions after Iran launched a missile attack on Israel on October 1. While the immediate physical damage was minimal, the geopolitical consequences have been substantial, as fears of further conflict and disruptions to global crude oil supplies have escalated. With Iran being an essential oil supplier through the Strait of Hormuz, any prolonged conflict in the region could have severe consequences for global energy markets.
<h2>Oil Surges in Response to Conflict in the Middle East</h2>
In response to these tensions, oil prices surged. WTI crude oil rose by 2.44%, closing at $69.83 per barrel, while Brent crude saw a 2.6% increase, settling at $73.56 per barrel. These price hikes reflect growing concerns that further conflict in the Middle East could disrupt oil supplies, mainly if retaliatory strikes target Iranian oil infrastructure.&nbsp;
The energy sector followed suit, with the Energy Select Sector SPDR Fund surging 4.08% for the week as it broke out of a recent downtrend and pushed above its critical moving averages. This newfound momentum has positioned energy stocks as attractive plays for investors looking to capitalize on the rising oil prices.
With oil prices and energy stocks gaining momentum, now may be an opportune time to gain exposure to the sector. Here are three energy stocks that have demonstrated strong relative strength amid this week&#39;s surge in oil prices.
<h2>Technical Breakout Positions Exxon Mobil as a Top Energy Stock</h2>
Exxon Mobil (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/xom#NYSE">XOM</a>), the largest oil company in the U.S. and the largest holding in the XLE ETF, boasts a market capitalization of $479 billion. The stock rose an impressive 5.8% this week, breaking out of a prolonged consolidation phase. It is now just 1.8% away from its 52-week high.
As one of the biggest beneficiaries of rising oil prices, Exxon Mobil can see significant revenue growth if crude supply is disrupted, primarily through its extensive upstream business, which relies heavily on oil production.
Exxon Mobil&#39;s vast global footprint also hedges against regional supply risks, allowing the company to maintain production levels despite geopolitical instability. With a 3.13% dividend yield, Exxon Mobil provides income-oriented investors with a reliable payout while offering upside from rising oil prices. From a technical perspective, the recent breakout above consolidation levels signals a bullish trend, making it a compelling option for investors seeking exposure to the energy sector.
<h2>Hess Corporation Rallies 6%, Leveraging Geographic Diversification</h2>
Hess Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hes#NYSE">HES</a>), though smaller than ExxonMobil with a market capitalization of $43 billion, has been one of the best-performing energy stocks this week, surging over 6% since the escalation in Middle Eastern tensions.
The company operates in two segments: Exploration and Production and Midstream, focusing on crude oil, natural gas liquids (NGLs), and natural gas production.
Unlike some competitors, Hess is less exposed to the Middle East, with its critical operations in the U.S., Guyana, and the Gulf of Mexico. This geographic diversification helps insulate Hess from the immediate geopolitical risks in the region, allowing the company to benefit from rising oil prices without the same level of supply disruption risk.
<h2>XLE ETF Signals Bullish Trend, Providing Diversified Energy Exposure</h2>
The XLE ETF&nbsp;is a top choice for investors seeking broad exposure to the energy sector. The ETF, which tracks the performance of the Energy Select Sector Index, includes holdings in some of the largest U.S.-listed energy companies, such as ExxonMobil, Chevron, and ConocoPhillips. The XLE is up 8.2% year-to-date and broke through a critical resistance level at $90 earlier this week, signaling a bullish trend.
With a 3.55% dividend yield and a low expense ratio of 0.09%, XLE provides investors with an attractive income stream while offering diversification across the energy sector. The ETF&#39;s holdings cover various energy sub-industries, including oil, gas, and energy equipment and services. This makes it a more diversified way to gain exposure to the sector than individual stock picking.&nbsp;
Analysts currently have a Moderate Buy rating on the ETF, with a consensus price target suggesting a 16.29% upside. This makes XLE a compelling option for investors looking for broad energy exposure while minimizing the risks of investing in individual stocks.
The article &quot;<a href="https://www.marketbeat.com/stock-ideas/energy-sector-rebound-3-stocks-poised-for-strong-gains/">Energy Sector Rebound: 3 Stocks Poised for Strong Gains</a>&quot; first appeared on MarketBeat.

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Analyst Ratings

Trading Ideas

ETFs

Energy Sector Rebound: 3 Stocks Poised for Strong Gains

BMO Capital analyst Phillip Jungwirth maintains Hess (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HES#NYSE">HES</a>) with a Outperform and raises the price target from $155 to $160.

Price Target

BMO Capital Maintains Outperform on Hess, Raises Price Target to $160

Oil prices continue to rise on Wednesday, adding to gains driven by potential supply disruptions in the Middle East and fresh warnings out of the Organization of the Petroleum Exporting Countries and its allies, <a href="https://www.benzinga.com/topic/oil">known as OPEC+</a>.
What To Know: Prince Abdulaziz bin Salman, the oil minister of Saudi Arabia, has warned that prices could fall to $50 per barrel if global oil producers don&#8217;t comply with production curbs, according to a <a href="https://www.wsj.com/business/energy-oil/saudi-minister-warns-of-50-oil-as-opec-members-flout-production-curbs-216dc070?mod=hp_lead_pos4">report</a> from the Wall Street Journal. 
The report indicates the Saudi oil minister&#8217;s comments are being viewed as a threat that Saudi Arabia is willing to start a pricing war to help maintain its market share.
Oil prices had been in decline before jumping this week amid <a href="https://www.benzinga.com/news/global/24/10/41126038/iran-attacks-israel-with-missiles-middle-east-tensions-escalates-s-p-500-stocks-bitcoin-fall-as-oil" target="_blank" rel="noreferrer noopener">rising Middle East tensions</a>. Iran launched an attack on Israel Tuesday following the recent killing of Hezbollah leader Hassan Nasrallah, reportedly firing between 100 and 200 missiles toward Israel.
Brent Crude futures, the international benchmark, climbed as much as 5% on Tuesday before pulling back and finishing the day up about 2.4%. Brent Crude futures were up 2.75%, trading around $75.50 at the time of writing Wednesday, while front-month&nbsp;WTI Crude futures were up 3.06%, hovering around $72. 
Saudi Arabia reportedly needs prices to be at least $85 per barrel in order to help fund its planned economic transformation. 
The rising tensions in the Middle East are also likely to push up prices of U.S. gasoline. According to an ABC News <a href="https://abcnews.go.com/Business/rising-oil-prices-after-iran-strike-increase-us/story?id=114394795">report</a>, drivers could see prices at the pump rise between 10 cents and 15 cents per gallon.
The United States Oil Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USO#NYSE">USO</a>) was up 2.7% at $74.06 and the IShares U.S. Oil &amp; Gas Exploration &amp; Production ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/IEO#BATS">IEO</a>) was up 2.24% at $93.50 at last check. The SPDR Energy Select Sector Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) was up 1.25% at $90.93 at the time of writing.
Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/10/41140501/exxon-mobil-chemed-las-vegas-sands-and-more-on-cnbcs-final-trades">Exxon Mobil, Chemed, Las Vegas Sands And More On CNBC&#8217;s &#8216;Final Trades&#8217;</a>
Here&#8217;s a look at some of the energy stocks making moves Wednesday morning:
<ul>
<li>Exxon Mobil Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) up 1.77% at $122.02.</li>
</ul>
<ul>
<li>Chevron Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) up 1.44% at $151.82.</li>
</ul>
<ul>
<li>ConocoPhillips (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COP#NYSE">COP</a>) up 1.62% at $111.23.</li>
</ul>
<ul>
<li>Schlumberger N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLB#NYSE">SLB</a>) up 1.52% at $43.79.</li>
</ul>
<ul>
<li>Hess Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HES#NYSE">HES</a>) up 1.75% at $141.39.</li>
</ul>
<ul>
<li>BP P.L.C. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BP#NYSE">BP</a>) up 1.54% at $32.59.</li>
</ul>
<ul>
<li>Shell PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHEL#NYSE">SHEL</a>) up 2.11% at $68.18.</li>
</ul>
Analysts React: OPEC is set to hold an online Joint Ministerial Monitoring Committee meeting on Wednesday that the market will be watching closely, Roth MKM analysts said in a note. OPEC members are expected to discuss whether to ease production curbs in December.
The Roth MKM analysts also highlighted oil inventory data that is positive for oil prices and noted that oil is likely to continue trading higher on Wednesday. 
Analysts at Truist Securities and Jefferies highlighted other opportunities given the elevated global threat environment. Jefferies highlighted opportunity in the tanker market as the Middle East conflict raises risk premiums on the energy market, and Truist analysts said they expect the intensifying conflict to ultimately translate into bookings and backlog growth for the U.S. defense industry overall.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/econ-s/24/10/41139919/private-sector-job-gains-outpace-forecasts-in-september-as-us-adds-143-000-jobs">Private Sector Job Gains Outpace Forecasts In September As US Adds 143,000 Jobs</a></li>
</ul>
Photo: Shutterstock.

Commodities

Global

SHEL

Oil Prices Spike, Energy Stocks Jump After Iran's Missile Attack On Israel: What Investors Need To Know

Hess Corporation&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HES#NYSE">HES</a>) and Chevron Corporation&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>)&nbsp;shares are trading higher on Tuesday.
On Monday, the Federal Trade Commission (FTC) completed an antitrust review of the merger&nbsp;of both companies, satisfying a critical <a target="_blank" href="https://www.benzinga.com/government/24/09/41098199/ftc-clears-chevrons-53b-hess-merger-sets-restriction-for-john-hess" rel="noreferrer noopener">closing&nbsp;condition for the transaction</a>.
To facilitate the merger&#8217;s completion, Hess and Chevron have agreed that Hess CEO John Hess will not be on the Chevron board.
Exxon Mobil Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) and its partner&nbsp;CNOOC Ltd had earlier asserted their right of first refusal to any sale of&nbsp;Hess&#8217;&nbsp;stake in a Guyana oil-producing joint venture. The arbitration panel is expected to hear these claims in May 2025.
Piper Sandler analyst Ryan M. Todd raised the valuation of Guyana (net to HES) from $40.6 billion to $45.6 billion, translating to $132 to $149 per share, due to notable increases in discovered resources and productivity in Guyana.
The analyst estimates Hess&#8217; stand-alone value at around $170 per share with Brent priced at $75 per barrel, suggesting that Hess is a compelling value opportunity for the first time in years.
Notably, given strong reservoir productivity and successful debottlenecking (12%-20% improvement), Todd expects each FPSO&#8217;s peak productive capacity to increase from approximately 2.0 Mboe/d to around 2.5 Mboe/d.
The analyst adds that while second-quarter production was 192 kbd (net to HES) in Guyana, they expect net production to peak at around 775 kbd, reflecting a 17% annual CAGR for nearly a decade, with peak CFO and FCF projected at $10.3 billion and $8.7 billion, respectively, vs. a $2.2 billion breakeven in 2023.
On the other hand, Wolfe Research analyst Doug Leggate&nbsp;upgraded Hess from Peer Perform to <a target="_blank" href="https://www.benzinga.com/quote/hes/analyst-ratings" rel="noreferrer noopener">Outperform with a price target of $150</a>.
The bullish outlook reflects the analyst&#8217;s view that current market conditions and the potential merger outcomes give Hess shares an attractive risk/reward profile, indicating that the valuation remains compelling regardless of whether the deal with Chevron proceeds.
Leggate&nbsp;cited three scenarios for Hess that support a positive outlook. The first scenario envisions the successful merger with Chevron, closing the current 11% arbitrage gap between the valuations of Hess and Chevron.
If the merger fails, the analyst expects Hess to trade based on its fundamentals, with a fair value starting point projected at about $150 per share.
The third scenario examines a failed merger, indicating that Hess has shown a willingness to be acquired, with Chevron likely remaining the sole interested party, says the analyst.
Price Action: HES shares are up 1.9% at $138.38, while CVX shares rose 1.28% at $149.17 at the last check Tuesday.
Image via Shutterstock
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/10/41124018/chevron-honeywell-join-forces-for-ai-breakthrough-details" target="_blank" rel="noreferrer noopener">Chevron, Honeywell Join Forces For AI Breakthrough: Details</a></li>
</ul>

Analyst Color

Equities

Upgrades

Analyst Questions 'What Could Hess Be Worth?' As Chevron Advances In Acquisition Efforts

On Monday, Chevron&nbsp;Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) announced that the Federal Trade Commission (FTC) completed an antitrust review of its merger with Hess Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HES#NYSE">HES</a>), satisfying a critical closing <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/b41096590/chevron-hess-merger-clears-ftc-antitrust-review" rel="noreferrer noopener">condition for the transaction</a>.
To facilitate the merger&#8217;s completion, Hess and Chevron have agreed that Hess CEO John Hess will not be on the Chevron board.
Instead, Mr. Hess will serve as an advisor to Chevron on government relations and social investments in Guyana and on support for the Salk Institute&#8217;s Harnessing Plants Initiative.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/30114603/newplot-24.png" alt="" class="wp-image-572776" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/30114603/newplot-24.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/30114603/newplot-24-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
&#8220;I have the utmost respect for John, the company he has built, and the contributions he has made to our industry. It is unfortunate that our Board of Directors will not get the benefit of his decades of global experience, but we look forward to drawing upon his knowledge, relationships and experience in Guyana through his service as an advisor to Chevron,&#8221; said Chevron Chairman and CEO Mr. Wirth.
&#8220;Oil and gas are going to be needed for decades to come, and the key challenge is long-term investment,&#8221; <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/b41096717/hess-announces-hsr-clearance-of-chevron-hess-merger" rel="noreferrer noopener">Mr. Hess said</a>. &#8220;For more than ten years, I have advocated for a significant increase in global investment, both in oil and gas and renewable energy, to have the necessary supply to keep energy affordable and secure for American consumers in the future.&#8221;
The merger&#8217;s completion remains subject to other closing conditions, including the satisfactory resolution of ongoing arbitration proceedings regarding preemptive rights in the Stabroek Block joint operating agreement. Chevron said it remains confident that the arbitration process will affirm the company&#8217;s position.
<a target="_blank" href="https://www.benzinga.com/markets/equities/24/08/40091118/chevrons-53b-hess-deal-faces-uncertainty-amid-exxon-and-cnooc-arbitration-claims" rel="noreferrer noopener">Prior reports indicated</a> Exxon Mobil Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) and its partner&nbsp;CNOOC Ltd asserted their right of first refusal to any sale of&nbsp;Hess&#8217; stake in a Guyana oil-producing joint venture potentially hinder&nbsp;Chevron&#8217;s proposed $53 billion deal of Hess. The arbitration panel is now expected to hear these claims in May 2025.
Under the deal, Chevron will reportedly own a 30% stake in the consortium controlling all of Guyana&#8217;s oil production. Exxon leads the consortium with a 45% stake.
Earlier, Chevron CEO&nbsp;Michael Wirth had attacked President&nbsp;Joe Biden&#8217;s <a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/41063239/john-hess-blocked-from-joining-chevron-board-as-part-of-ftc-deal-for-antitrust-approval-of-53b-c" rel="noreferrer noopener">administration&#8217;s halt on</a> liquefied natural gas export, citing higher costs and threatening&nbsp;supplies for America&#8217;s European backers.
Price Actions: CVX stock is up 0.25% at $145.87 at the last check Monday. HES stock is up 0.72% at $134.58.
Image via Shutterstock

Government

Regulations

FTC Clears Chevron's $53B Hess Merger, Sets Restriction For John Hess

Chevron Remains Confident That Arbitration Process Will Affirm Co's Position

Legal

CORRECTION: FTC Allows Chevron's $53B Acquisition Of Hess Corp

Management

FTC Consent Order Bars Hess CEO John Hess From Chevron's Board

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>TD Cowen analyst Bryan Bergin upgraded the rating for Accenture plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>) from Hold to Buy and raised the price target from $321 to $400. Accenture shares fell 1.7% to close at $349.70 on Friday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Wolfe Research analyst Doug Leggate upgraded Hess Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HES#NYSE">HES</a>) from Peer Perform to Outperform and announced a $150 price target. Hess shares gained 2.3% to close at $133.61 on Friday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Morgan Stanley analyst Betsy Graseck upgraded the rating for U.S. Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USB#NYSE">USB</a>) from Equal-Weight to Overweight and raised the price target from $54 to $57. U.S. Bancorp shares gained 0.4% to close at $45.48 on Friday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Raymond James analyst Savanthi Syth upgraded Frontier Group Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULCC#NASDAQ">ULCC</a>) from Underperform to Market Perform. Frontier Group shares fell 0.2% to close at $4.84 on Friday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Piper Sandler analyst Stephen Scouten upgraded the rating for Amerant Bancorp Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMTB#NYSE">AMTB</a>) from Neutral to Overweight and increased the price target from $26 to $26.5. Amerant Bancorp shares gained 0.2% to close at $20.51 on Friday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Considering buying ACN stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="529" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/30092813/image-234-1024x529.png" alt="" class="wp-image-572454" style="width:606px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/30092813/image-234-1024x529.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/30092813/image-234-300x155.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/30092813/image-234-768x397.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/30092813/image-234.png 1282w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Photo: Shutterstock

AMTB

ULCC

This Accenture Analyst Turns Bullish; Here Are Top 5 Upgrades For Monday

Wolfe Research analyst Doug Leggate upgrades Hess (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HES#NYSE">HES</a>) from Peer Perform to Outperform and announces $150 price target.

Wolfe Research Upgrades Hess to Outperform, Announces $150 Price Target

In the latest quarter, 11 analysts provided ratings for Hess (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HES#NYSE">HES</a>), showcasing a mix of bullish and bearish perspectives.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">7</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have recently evaluated Hess and provided 12-month price targets. The average target is $167.55, accompanied by a high estimate of $194.00 and a low estimate of $145.00. A decline of 5.63% from the prior average price target is evident in the current average. 
<img src="https://www.benzinga.com/files/images/story/2024/1727452843_0.png" alt="price target chart" />
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive Hess. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Roger Read</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$151.00</td>
<td>$171.00</td>
</tr>
<tr>
<td>Josh Silverstein</td>
<td>UBS</td>
<td>Lowers</td>
<td>Buy</td>
<td>$173.00</td>
<td>$192.00</td>
</tr>
<tr>
<td>Nitin Kumar</td>
<td>Mizuho</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$194.00</td>
<td>$210.00</td>
</tr>
<tr>
<td>Scott Gruber</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$145.00</td>
<td>$160.00</td>
</tr>
<tr>
<td>Biju Perincheril</td>
<td>Susquehanna</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$149.00</td>
<td>$151.00</td>
</tr>
<tr>
<td>Josh Silverstein</td>
<td>UBS</td>
<td>Lowers</td>
<td>Buy</td>
<td>$192.00</td>
<td>$193.00</td>
</tr>
<tr>
<td>Biju Perincheril</td>
<td>Susquehanna</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$151.00</td>
<td>$166.00</td>
</tr>
<tr>
<td>Josh Silverstein</td>
<td>UBS</td>
<td>Lowers</td>
<td>Buy</td>
<td>$193.00</td>
<td>$212.00</td>
</tr>
<tr>
<td>Biju Perincheril</td>
<td>Susquehanna</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$166.00</td>
<td>$167.00</td>
</tr>
<tr>
<td>Bob Brackett</td>
<td>Bernstein</td>
<td>Raises</td>
<td>Outperform</td>
<td>$172.00</td>
<td>$166.00</td>
</tr>
<tr>
<td>Paul Cheng</td>
<td>Scotiabank</td>
<td>Lowers</td>
<td>Sector Perform</td>
<td>$157.00</td>
<td>$165.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Hess. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Hess compared to the broader market.</li>
<li>Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
Capture valuable insights into Hess's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/HES/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Hess analyst ratings.</a>
<h2>About Hess</h2>
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 2023, the company reported net proved reserves of 1.4 billion barrels of oil equivalent. Net production averaged 391 thousand barrels of oil equivalent per day in 2023, at a ratio of 74% oil and natural gas liquids and 26% natural gas.
<h3>Hess: Financial Performance Dissected</h3>
Market Capitalization Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.
Revenue Growth: Hess displayed positive results in 3 months. As of 30 June, 2024, the company achieved a solid revenue growth rate of approximately 39.89%. This indicates a notable increase in the company's top-line earnings. When compared to others in the Energy sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: Hess's net margin is impressive, surpassing industry averages. With a net margin of 23.64%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 7.44%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Hess's ROA stands out, surpassing industry averages. With an impressive ROA of 3.0%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Hess's debt-to-equity ratio surpasses industry norms, standing at 0.94. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

In-Depth Examination Of 11 Analyst Recommendations For Hess

Wells Fargo analyst Roger Read maintains Hess (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HES#NYSE">HES</a>) with a Equal-Weight and lowers the price target from $171 to $151.

Wells Fargo Maintains Equal-Weight on Hess, Lowers Price Target to $151

Antitrust regulators are set to prevent Hess Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HES#NYSE">HES</a>) CEO John Hess from joining the board of Chevron Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) as part of a $53-billion merger deal.
What Happened: Chevron has tentatively agreed to this condition to secure approval for the merger, The Wall Street Journal reported on Friday, <a href="https://www.wsj.com/business/energy-oil/ftc-plans-to-block-hess-ceo-from-chevron-board-9e2b942a?mod=hp_listb_pos5">citing</a> sources familiar with the matter. 
The deal still faces an arbitration case involving Exxon Mobil Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) and China National Offshore Oil Corporation over rights to a key oil project in Guyana.
The decision is a setback for John Hess, who was anticipated to join Chevron's board post-merger. However, he is expected to serve in an advisory capacity with Chevron, according to the report.
The Federal Trade Commission had paused its antitrust review of the Chevron-Hess deal until the arbitration process concluded. 
A significant arbitration hearing is scheduled for May 2025. The FTC has increased scrutiny on oil and gas mergers, previously barring former Pioneer Natural Resources CEO Scott Sheffield from joining Exxon's board under similar conditions, according to the report.
FTC, Chevron Corp, and Hess Corp did not immediately respond to&nbsp;<a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga</a>'s request for comment.
See Also: <a href="https://www.benzinga.com/news/24/09/41040634/analyst-counters-pete-buttigiegs-assertion-that-inflation-went-down-after-bidens-ira-2022-they-are-s?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Analyst Counters Pete Buttigieg&#8217;s Assertion That Inflation Went Down After Biden&#8217;s IRA 2022: &#8216;They Are Still Rising And You Don&#8217;t Seem To Care&#8230; At All&#8217;</a>
Why It Matters: The decision to block John Hess from joining Chevron's board is a significant development in the ongoing merger between the two oil giants. 
The merger, valued at $53 billion, had already received <a href="https://www.benzinga.com/markets/equities/24/09/41003399/chevron-hess-merger-could-soon-get-ftc-approval-report">approval from Hess shareholders in May</a>. However, regulatory hurdles and arbitration issues have delayed its finalization.
In recent months, Chevron has been actively navigating regulatory <a href="https://www.benzinga.com/markets/equities/24/09/40964773/chevron-prioritizes-gas-sales-over-lng-plant-investment-report">landscapes and strategic decisions</a>. For instance, the company ruled out taking an equity stake in Woodside Energy Group Limited's upcoming acquisition of Driftwood LNG in Louisiana, opting instead to monetize its U.S. gas directly to the market.
Additionally, Chevron CEO Michael Wirth has publicly criticized President Joe Biden&#8216;s administration&#8217;s pause on liquefied natural gas export decisions, arguing that it could lead to higher energy costs and jeopardize <a href="https://www.benzinga.com/markets/equities/24/09/40920735/chevron-slams-bidens-lng-export-pause-touts-natural-gas-for-ai-growth-report">supplies for America&#8217;s European allies</a>.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/equities/24/09/40973189/teslas-chinese-rival-byd-plans-to-assemble-evs-in-pakistan-after-india-said-no-we-have-big-ambit?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla&#8217;s Chinese Rival BYD Plans To Assemble EVs In Pakistan After India Said No: &#8216;We Have Big Ambitions&#8217;</a></li>
</ul>
Image Via Shutterstock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

John Hess Blocked From Joining Chevron Board As Part Of FTC Deal For Antitrust Approval Of $53B Chevron-Hess Merger: Report

<a href="https://www.bloomberg.com/news/articles/2024-09-26/chevron-agrees-hess-ceo-won-t-join-board-in-deal-with-us-ftc?utm_source=google&amp;utm_medium=bd&amp;cmpId=google">https://www.bloomberg.com/news/articles/2024-09-26/chevron-agrees-hess-ceo-won-t-join-board-in-deal-with-us-ftc?utm_source=google&amp;utm_medium=bd&amp;cmpId=google</a>
&nbsp;
Chevron Corp. agreed that Hess Corp. Chief Executive Officer John Hess won't join the company's board as part of an agreement with the US Federal Trade Commission allowing the companies' merger to proceed, people familiar with the matter said.

Reported Earlier, 'Chevron Agrees Hess CEO Won't Join Board In Deal With US FTC' - Bloomberg News

Chevron Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>)&nbsp;shares are trading higher on Monday. The oil giant&#8217;s merger with Hess Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HES#NYSE">HES</a>) may see a ray of hope, with the deal reportedly expected to receive Federal Trade Commission approval sooner.
In May 2024, Hess shareholders approved the proposed $53 billion merger. However, the deal still required regulatory approval and was expected to face arbitration with Hess&#8217; partners <a target="_blank" href="https://www.benzinga.com/m-a/24/05/39047788/hess-shareholders-approve-53-billion-merger-with-chevron" rel="noreferrer noopener">in Guyana, which could push the deal into 2025</a>.&nbsp;
The U.S. Federal Trade Commission may approve Chevron&#8217;s $53 billion acquisition of Hess as early as this week, reported Reuters.
In August, Exxon Mobil Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) and its partner&nbsp;CNOOC Ltd filed arbitration claims, asserting their right of first refusal to any sale of&nbsp;Hess&#8217;&nbsp;stake <a target="_blank" href="https://www.benzinga.com/markets/equities/24/08/40091118/chevrons-53b-hess-deal-faces-uncertainty-amid-exxon-and-cnooc-arbitration-claims" rel="noreferrer noopener">in a Guyana oil-producing joint venture</a>.
The arbitration panel is expected to hear these claims in May 2025, further delaying the deal.
Related: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/07/39746845/exxon-mobil-arbitration-throws-wrench-in-chevron-hess-merger-timeline-report" rel="noreferrer noopener">Exxon Mobil Arbitration Throws Wrench in Chevron-Hess Merger Timeline: Report</a>
As per Reuters, Chevron and Hess expect a decision by August, while Exxon anticipates it will come by September 2025.
Notably, in July, the final members were appointed to a three-person arbitration panel tasked with resolving the&nbsp;Exxon Mobil&nbsp;dispute over&nbsp;the $53 billion merger. The deal was initially planned to close in the first half of the year.
Investors can gain exposure to the Chevron via&nbsp;E.A. Series Trust Strive U.S. Energy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRLL#NYSE">DRLL</a>) and&nbsp;SPDR Select Sector Fund – Energy Select Sector&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>).
Price Action: CVX shares are up 1.12% at $149.20 and HES is up 1.97% at $138.00 premarket at the last check Tuesday.
Photo by Jonathan Weiss on Shutterstock
Read Next:
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<li><a href="https://www.benzinga.com/markets/equities/24/09/40920735/chevron-slams-bidens-lng-export-pause-touts-natural-gas-for-ai-growth-report" target="_blank" rel="noreferrer noopener">Chevron Slams Biden&#8217;s LNG Export Pause, Touts Natural Gas For AI Growth: Report</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Media

DRLL

Chevron-Hess Merger Could Soon Get FTC Approval: Report

Hess (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HES#NYSE">HES</a>) has outperformed the market over the past 5 years by 1.61% on an annualized basis producing an average annual return of 15.3%. Currently, Hess has a market capitalization of $39.83 billion. 
Buying $100 In HES: If an investor had bought $100 of HES stock 5 years ago, it would be worth $200.09 today based on a price of $129.28 for HES at the time of writing.
<h3>Hess's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726675422_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In This Stock 5 Years Ago Would Be Worth $200 Today

UBS analyst Josh Silverstein maintains Hess (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HES#NYSE">HES</a>) with a Buy and lowers the price target from $192 to $173.

UBS Maintains Buy on Hess, Lowers Price Target to $173

Mizuho analyst Nitin Kumar maintains Hess (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HES#NYSE">HES</a>) with a Neutral and lowers the price target from $210 to $194.

Mizuho Maintains Neutral on Hess, Lowers Price Target to $194

Citigroup analyst Scott Gruber maintains Hess (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HES#NYSE">HES</a>) with a Neutral and lowers the price target from $160 to $145.

Citigroup Maintains Neutral on Hess, Lowers Price Target to $145

Hess Increases Quarterly Dividend To $0.50/Share

FTC expected to greenlight Chevron's proposed Hess deal - Reuters

Chevron agrees Hess CEO will not join board in deal with FTC - Bloomberg

Wells Fargo analyst Roger Read maintained a Hold rating on Hess (HES – Research Report) yesterday and set a price target of $151.00. The company's ...

Wells Fargo Sticks to Their Hold Rating for Hess (HES)

Chevron Corp. ($CVX) is on the brink of obtaining regulatory clearance for its $53 billion acquisition of Hess Corp. ($HES), with the U.S. Federal ...

M&A News: Chevron's (CVX) $53B Hess Acquisition Deal Nears FTC Approval

Chevron Corp. ($CVX) is on the brink of obtaining regulatory clearance for its $53 billion acquisition of Hess Corp. ($HES) with the U.S. Federal T...

M&A News: Chevron's (CVX) $53B Hess Merger Nears FTC Approval

FTC confirms Chevron-Hess deal approval barring John Hess from board

Hess upgraded at Wolfe on potential merger outcomes, Guyana resource boost

The U.S. Federal Trade Commission (FTC) has officially approved oil major Chevron's ($CVX) $53 billion acquisition of rival Hess Corp. ($HES). But ...

U.S. Regulator Officially Approves Chevron's (NYSE:CVX) Acquisition of Hess Corp. (NYSE:HES)

In a report released today, Ryan Todd from Piper Sandler maintained a Buy rating on Hess (HES – Research Report), with a price target of $167.00. T...

Piper Sandler Sticks to Its Buy Rating for Hess (HES)

Merger Arbitrage: Energized By All-Stock Transactions In Oil & Gas

AMED

ANSS

JNPR

MNTN

PRFT

Press Releases

Glass Lewis Recommends Hess Shareholders Vote For Proposed Merger With Chevron

Hess Corporation Receives Stockholder Approval for Proposed Merger with Chevron

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LiTHOS Announces Execution of Letter of Intent for Technology to Launch TiERRA™ Re-Injection Service

Hess Schedules Earnings Release Date

Hess Reports Estimated Results for the Second Quarter of 2024

Hess Announces Increased Regular Quarterly Dividend On Common Stock

Chevron-Hess Merger Clears FTC Antitrust Review

Hess Announces HSR Clearance Of Chevron-Hess Merger

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Mizuho

株主たちがチェブロン・コープ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) との530億ドルの合併を承認した後、 ヘス社 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HES#NYSE">HES</a>) の株価が動いている（火曜日）。
出来事の詳細: 3億800万株のうち、過半数の株がこの取引に賛成の投票を行い、合併に向けた障壁の1つが取り払われた。この合併に賛成の投票は、追加の補償を求めていた株主の主張を終わらせることになる。
この取引は規制当局による承認がまだ必要であり、この取引についてはガイアナにおけるヘス社のパートナーとの仲裁が行われることになる。また、この仲裁が2025年まで取引を押し戻す可能性もある。
ヘスのCEOジョン・ヘス氏が「私たちの株主の過半数がこの戦略的な取引の魅力的な価値を認識してくれたことを大変嬉しく思います。そしてチェブロンとの合併を成功裏に成立させることを楽しみにしています」と述べた。
「私たちはFTC（連邦取引委員会）規制プロセスを、今後数週間以内に終了させると予想しています」とチェブロンの広報担当者は述べた。「私たちは仲裁において先買権についての立場が確認されると確信しています。」

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