Hess Corp
NYSE:HES
Intrinsic Value
Hess Corp is an exploration and production company, which engages in exploration, development, production, transportation, purchase & sale of crude oil, natural gas liquids and natural gas with produc... [ Read More ]
The intrinsic value of one HES stock under the Base Case scenario is 144.1 USD. Compared to the current market price of 152.64 USD, Hess Corp is Overvalued by 6%.
Valuation Backtest
Hess Corp
Run backtest to discover the historical profit from buying and selling HES stocks based on their intrinsic value.
Analyze the historical link between intrinsic value and market price to make more informed investment decisions.
Fundamental Analysis
Production and Profitability on the Rise
2023-Q2 Earnings Call
The company reported a production increase to 390,000 barrels of oil equivalent per day, outpacing previous estimates at the high end of 375,000 barrels. This uptick is driven by strong first-half performance and the anticipated early fourth-quarter startup of the Payara development. Production in the Bakken region topped guidance, with projections raised for the full year. Gulf of Mexico production is stable, with expected short-term dips due to maintenance and hurricane contingency. The company saw substantial success with the Pickerel discovery, slated for production in mid-2024. Net income dropped from the previous quarter to $119 million. Cash reserves remain robust at $2.2 billion, with E&P cash costs beating forecasts. CapEx guidance holds steady at about $3.7 billion for the year. Midstream net income forecasts and corporate expenses have been modestly revised downward.
Balance Sheet Decomposition
Hess Corp
Current Assets | 3.4B |
Cash & Short-Term Investments | 1.7B |
Receivables | 1.3B |
Other Current Assets | 412m |
Non-Current Assets | 20.6B |
PP&E | 18.3B |
Intangibles | 360m |
Other Non-Current Assets | 2B |
Current Liabilities | 3.3B |
Accounts Payable | 402m |
Accrued Liabilities | 2.5B |
Other Current Liabilities | 396m |
Non-Current Liabilities | 11.8B |
Long-Term Debt | 8.5B |
Other Non-Current Liabilities | 3.3B |
Earnings Waterfall
Hess Corp
Revenue
|
10.5B
USD
|
Cost of Revenue
|
-2.9B
USD
|
Gross Profit
|
7.6B
USD
|
Operating Expenses
|
-4.7B
USD
|
Operating Income
|
2.9B
USD
|
Other Expenses
|
-1.5B
USD
|
Net Income
|
1.4B
USD
|
Free Cash Flow Analysis
Hess Corp
What is Free Cash Flow?
HES Profitability Score
Profitability Due Diligence
Hess Corp's profitability score is 60/100. The higher the profitability score, the more profitable the company is.
Score
Hess Corp's profitability score is 60/100. The higher the profitability score, the more profitable the company is.
HES Solvency Score
Solvency Due Diligence
Hess Corp's solvency score is 43/100. The higher the solvency score, the more solvent the company is.
Score
Hess Corp's solvency score is 43/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
HES Price Targets Summary
Hess Corp
According to Wall Street analysts, the average 1-year price target for HES is 174.61 USD with a low forecast of 146.45 USD and a high forecast of 220.5 USD.
Ownership
HES Insider Trading
Buy and sell transactions by insiders
Period | Sold | Bought | Net |
---|---|---|---|
3 Months |
|
|
|
6 Months |
|
|
|
9 Months |
|
|
|
12 Months |
|
|
|
Shareholder Return
HES Price
Hess Corp
Average Annual Return | 29.59% |
Standard Deviation of Annual Returns | 42.16% |
Max Drawdown | -60% |
Market Capitalization | 46.9B USD |
Shares Outstanding | 307 152 000 |
Percentage of Shares Shorted | 3.18% |
HES News
Last Important Events
Hess Corp
Significant happenings or occurrences that are of interest to investors. These could be company-specific developments or market-wide shifts.
Sentiment Analysis
Hess Corp
Company Profile
Country
Industry
Market Cap
Dividend Yield
Description
Hess Corp is an exploration and production company, which engages in exploration, development, production, transportation, purchase & sale of crude oil, natural gas liquids and natural gas with production operations. The company is headquartered in New York City, New York and currently employs 1,545 full-time employees. The firm is engaged in exploration, development, production, transportation, purchase and sale of crude oil, natural gas liquids (NGLs), and natural gas, with production operations located primarily in the United States, Guyana, the Malaysia/Thailand Joint Development Area (JDA), and Malaysia. The firm operates through two segments: Exploration and Production and Midstream. The Exploration and Production segment explores for, develops, produces, purchases and sells crude oil, NGL and natural gas. The Midstream segment provides fee-based services, including crude oil and natural gas gathering, processing of natural gas and the fractionation of NGL, transportation of crude oil by rail car, terminalling and loading crude oil and NGL, storing and terminalling propane, and water handling services primarily in the Bakken shale play in the Williston Basin area of North Dakota.
Contact
IPO
Employees
Officers
The intrinsic value of one HES stock under the Base Case scenario is 144.1 USD.
Compared to the current market price of 152.64 USD, Hess Corp is Overvalued by 6%.