HES Stock Recent News
HES LATEST HEADLINES
Hess Midstream offers value whether Chevron acquires it or not; both scenarios are beneficial for shareholders at current prices, supporting my Buy rating. If Chevron acquires Hess, I expect them to pursue Hess Midstream, likely paying a premium. If the Chevron-Hess deal fails or Chevron divests Bakken assets, Hess Midstream remains slightly undervalued based on my DCF model and stable long-term contracts.
Investors looking for ways to find stocks that are set to beat quarterly earnings estimates should check out the Zacks Earnings ESP.
Next week brings the start of July, and with it another holiday.
The HES stock climbs 13% in six months, beating sector peers as disciplined costs and Guyana growth fuel investor optimism.
High-yield stocks with strong balance sheets and growth profiles are rare. I share two of these opportunities here. Both of these opportunities issue 1099 tax forms.
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HOUSTON--(BUSINESS WIRE)---- $HESM--HESS MIDSTREAM LP ANNOUNCES UPDATED GOVERNANCE.
HESM offers a secure 7.4% yield, strong contract protections, and resilient fee-based revenue, making the recent sell-off overdone despite legal headlines. The CLR lawsuit targets Hess Corp, not Hess Midstream, and poses no legal or contract risk to HESM's stable, long-term agreements running through 2033. HESM's robust balance sheet, active buybacks, and expected 7% annual distribution growth support an attractive ~14% long-term total return.
Hess (HES) reported earnings 30 days ago. What's next for the stock?
Occidental Petroleum and Hess Corporation are strong operators in the oil and gas industry. OXY currently has the edge over HES with a higher dividend yield and lower valuation.