Hess Corporation
HES
Market Cap$48.16B
Close$
Earnings Call Q5 2023
July 26, 2023 - AI Summary
Hess Corporation reported strong operational performance in the second quarter, with net production averaging 387,000 barrels of oil equivalent per day, exceeding guidance.
The company expects full-year 2023 net production to average between 385,000 and 390,000 barrels of oil equivalent per day, up from previous guidance, primarily due to strong performance in the first half and the expected start-up of the Payara development in Guyana.
Hess has a robust inventory of high-return drilling locations in the Bakken, and it plans to steadily grow net production to approximately 200,000 barrels of oil equivalent per day by 2025. It will continue operating a four-rig program to optimize infrastructure and generate significant levels of free cash flow.
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$-58.60
137.1% downside
Current Fair Value
137.1% downsideOvervalued by 137.1% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $48.16 Billion |
|---|---|
| Enterprise Value | $55.97 Billion |
| Dividend Yield | $1.7424 (1.11%) |
| Earnings per Share | $6.52 |
| Beta | 0.5 |
| Outstanding Shares | 308,109,019 |
| Avg 30 Day Volume | 2,599,401 |
Return
| Return on Equity | - |
|---|---|
| Return on Assets | - |
| Return on Invested Capital | - |
Valuation & Multiples
| P/E Ratio | 23.98 |
|---|---|
| PEG | 13.26 |
| Price to Sales | 4.39 |
| Price to Book Ratio | 4.94 |
| Enterprise Value to Revenue | 4.91 |
| Enterprise Value to EBIT | 15.13 |
| Enterprise Value to Net Income | 27 |
| Total Debt to Enterprise | 0.17 |
| Debt to Equity | 0.94 |
Revenue Sources
No data
ESG Score
No data
About Hess Corporation
CEO: John Hess