Hess Corporation ($HES) Stock Forecast: Down 5.3% Today

What is Hess Corporation?

Hess Corporation (NYSE: HES) is an American global independent energy company involved in the exploration and production of crude oil and natural gas. The company has operations in two segments, Exploration and Production (E&P) and Midstream.

Why is Hess Corporation going down?

HES stock is down 5.3% on Jan 31, 2025 15:26

• Despite surpassing Q4 earnings and revenue estimates, Hess' stock saw a bearish movement.
• The market's negative reaction might be linked to the company's forecast of decreased production in Q1 2025, attributed to planned maintenance impacts.
• Concerns may arise among investors regarding potential challenges in maintaining growth in Guyana and Bakken fields.
• The bearish trend could also be influenced by general market conditions or sector-specific factors affecting energy stocks.

HES Price Chart

HES Technical Analysis

HES News

Hess Tops Sales, Earnings Forecasts as Bakken & Guyana Drive Growth - Hess ( NYSE:HES )

Hess Q4 sales and EPS beat estimates, driven by strong Guyana and Bakken production growth. Company expects Q1 2025 production of 465,000-475,000 boepd, reflecting planned maintenance impacts.

https://www.benzinga.com/25/01/43302285/hess-tops-sales-earnings-forecasts-as-bakken-guyana-drive-growth

Hess ( HES ) Surpasses Q4 Earnings and Revenue Estimates

Hess (HES) delivered earnings and revenue surprises of 16.56% and 6.38%, respectively, for the quarter ended December 2024. Do the numbers hold clues to what lies ahead for the stock?

https://www.zacks.com/stock/news/2405325/hess-hes-surpasses-q4-earnings-and-revenue-estimates

Trending Today

Aave ($AAVE) Crypto Forecast: Down 5.4% Today

TripAdvisor Inc. ($TRIP) Stock Forecast: Down 7.3% Today

Marathon Digital Holdings Inc. ($MARA) Stock Forecast: Down 5.0% Today

Alcoa Corporation ($AA) Stock Forecast: Down 5.3% Today

Hilton Worldwide Holdings Inc. ($HLT) Stock Forecast: Down 2.9% Today

3M Company ($MMM) Stock Forecast: Down 2.4% Today

Alaska Air Group Inc. ($ALK) Stock Forecast: Down 5.0% Today

dogwifhat ($WIF) Crypto Forecast: Up 6.9% Today

XRP ($XRP) Crypto Forecast: Down 5.6% Today

Royal Caribbean Cruises Ltd. ($RCL) Stock Forecast: Down 3.3% Today

Hess Corporation Price History

31.00.2025 - HES Stock was down 5.3%

• Despite surpassing Q4 earnings and revenue estimates, Hess' stock saw a bearish movement.
• The market's negative reaction might be linked to the company's forecast of decreased production in Q1 2025, attributed to planned maintenance impacts.
• Concerns may arise among investors regarding potential challenges in maintaining growth in Guyana and Bakken fields.
• The bearish trend could also be influenced by general market conditions or sector-specific factors affecting energy stocks.

09.09.2023 - HES Stock was up 5.3%

• The bullish movement in HES stock today can be attributed to the positive outlook for production growth, as mentioned in an article from Zacks Commentary. The company's plan to bring new wells online in 2023 is likely seen as a promising development by investors.
• The comprehensive guide to valuation mentioned in an article from GuruFocus might have also contributed to the bullish sentiment, as it could have highlighted the stock's potential undervaluation.
• The bearish options activity mentioned in an article from Benzinga may not have had a significant impact on the overall market movement, as it is unclear whether it was from an institution or an individual investor.
• The rise in short interest mentioned in an article from Benzinga could have potentially added to the bullish movement, as short sellers may have been forced to cover their positions, leading to increased buying pressure on the stock.

23.09.2023 - HES Stock was up 4.0%

• Hess Corp. shares are up 15% in 2023, indicating a positive trend in the market.
• The continuous inflows and unusual money flows suggest a favorable demand picture for oil, which could be driving the bullish movement.
• ExxonMobil's confidence in Guyana as a dependable location for their projects, including the Whiptail project, could be contributing to the positive sentiment surrounding Hess.
• Solid earnings estimate revisions for Hess also indicate a potential for further upward movement in the near term.

06.02.2024 - HES Stock was down 1.7%

• Ongoing extended output reductions by OPEC+ until the second quarter aimed at stabilizing crude oil prices have impacted energy stocks like Hess.
• Geopolitical tensions in the Middle East have led to stagnation in oil prices despite expectations of an increase, negatively affecting energy companies.
• Potential mergers and acquisitions involving Hess, Pioneer Natural, and Splunk have created market uncertainty, influencing a bearish sentiment towards Hess stock.
• Amidst a quest for stable dividend stocks, current market conditions and geopolitical issues have overshadowed the appeal of energy stocks like Hess, resulting in today's bearish trend.

27.09.2023 - HES Stock was down 5.2%

• Chevron reported Q3 FY23 total revenues and other income of $54.1 billion, beating the consensus. However, sales and other operating revenues fell to $51.9 billion from $63.5 billion a year ago, mainly due to lower commodity prices.
• Chevron's profit fell short of analysts' expectations, primarily due to weak returns from its overseas refineries.
• Exxon Mobil, another oil giant, also reported mixed Q3 results compared to last year's big numbers. However, they had their strongest ever refinery throughput for the period, indicating strength in the refining sector.
• The market movement of HES could be attributed to the overall weakness in the oil industry, with Chevron and other oil companies facing challenges in refining and lower commodity prices.
• The recent announcement of Chevron's acquisition of smaller rival Hess for $53 billion might have also impacted market sentiment, as investors assess the potential impact of the deal on Chevron's financials and future prospects.

01.07.2024 - HES Stock was down 5.1%

• Hess Corp's proposed takeover by Chevron Corp worth $53 billion faced obstacles due to arbitration claims filed by Exxon Mobil and CNOOC Ltd, asserting their right of first refusal to any sale of Hess's stake in a lucrative Guyana oil-producing joint venture.
• The delay in the arbitration process until next year added further pressure on the proposed acquisition, leading to investor concerns and a bearish trend in the stock price.
• Despite Hess reporting strong Q2 earnings with rising revenues, the market sentiment was overshadowed by the uncertainties surrounding the Chevron deal, contributing to the bearish movement in the stock.
• The overall oil and gas sector has been volatile, influenced by geopolitical factors such as the upcoming presidential election and differing opinions on the future of the industry, impacting stock performances like Hess in today's trading session.