Hess (NYSE:HES – Get Free Report) issued its earnings results on Wednesday. The oil and gas producer reported $2.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.48 by $0.14, Briefing.com reports. Hess had a net margin of 17.41% and a return on equity of 22.73%. The company had revenue of $3.26 billion for the quarter, compared to analysts’ expectations of $3.24 billion. During the same period in the prior year, the business earned $0.65 EPS. The firm’s quarterly revenue was up 40.3% on a year-over-year basis.
Hess Trading Up 1.1 %
Shares of NYSE:HES opened at $153.42 on Thursday. The business has a 50-day moving average price of $148.67 and a 200-day moving average price of $149.69. The stock has a market cap of $47.27 billion, a price-to-earnings ratio of 23.49 and a beta of 1.16. Hess has a 52-week low of $131.61 and a 52-week high of $167.75. The company has a quick ratio of 1.10, a current ratio of 1.23 and a debt-to-equity ratio of 0.81.
Hess Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were issued a $0.4375 dividend. This represents a $1.75 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date was Friday, June 14th. Hess’s dividend payout ratio is presently 26.80%.
Wall Street Analysts Forecast Growth
Read Our Latest Report on Hess
Hess Company Profile
Hess Corporation, an exploration and production company, explores, develops, produces, purchases, transports, and sells crude oil, natural gas liquids (NGLs), and natural gas. The company operates in two segments, Exploration and Production, and Midstream. It conducts production operations primarily in the United States, Guyana, the Malaysia/Thailand Joint Development Area, and Malaysia; and exploration activities principally offshore Guyana, the U.S.
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