|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||77.62 - 77.62|
|52 Week Range||44.80 - 81.10|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Hess (HES) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Hess Corp will announce a "meaningful" dividend growth this year as it starts to prioritize returning capital to shareholders over business investments, Chief Executive John Hess said on Thursday. Oil companies have been raising cash distribution programs to lure investors amid pressure over the transition to cleaner energy. Hess has been investing to build its portfolio for the last several years, with 2022 being the year "we will go from the investment mode to the return of capital mode," the CEO said during a webcast presentation.
"We believe 2022 can be another good year for oil and gas equities given the favourable backdrop, and the opportunity for delivering on spending discipline and improved returns," wrote Wells Fargo's Roger Read.