A Technical View of the Hess Corporation (HES)

Hess Corporation (NYSE:HES) saw an upside of 0.79% to close Monday at $89.85 after adding $0.7 on the day. The 5-day average trading volume is 2,874,900 shares of the company’s common stock. It has gained $92.41 in the past week. An average of 2,665,360 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,227,346.

HES’s 1-month performance is 32.58% or $22.08 on its low of $66.20 reached on 09/20/21. The company’s shares have touched a 52-week low of $34.82 and high of $91.09, with the stock’s rally to the 52-week high happening on 10/11/21. YTD, HES has achieved 70.20% or $37.06. However, the current price is down -1.36%% from the 52-week high price.


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Insider Transactions

On Sep 15, 27 days have gone by since the last insider trading activity for Hess Corporation (HES). Hill Gregory P. (COO and President, E&P) most recently sold 15,000 shares at $72.04 per share on Sep 15. This transaction cost the insider $1,080,600. Chief Executive Officer, HESS JOHN B, sold 150,000 shares at a price of $89.24 on Jun 16. Then, on Jun 16, Chief Executive Officer HESS JOHN B sold 150,000 shares at a price of $89.24 per share. This transaction amounted to $13,385,534.

Valuation Metrics

Hess Corporation (HES) has a trailing price-to-earnings (P/E) ratio of 18.90 for the broader industry and 19.63 for the sector.HES stock has a beta of 2.07. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 4.38 while the price-to-book (PB) in the most recent quarter is 5.03, with the price to cash flow ratio at 17.61.

Hess Corporation pays an annual dividend of $1.00 per share. Its dividend yield is 1.11%. HES’s most recent quarterly dividend payment was made on Sep. 30, when it paid $0.25 a share compared with prior rate of $0.25, down 0.0% from last year’s. The company has boosted its dividend for the last 1 consecutive years with the latest dividend increase of $0.15 reported on Wednesday September 4 2013.

It is projected that Hess Corporation’s next ex-dividend date will be on 15-Dec. HES is expected to distribute $0.25 as its next dividend.

Hess Corporation’s quick ratio for the period ended June 29 was 1.50, with the current ratio over the same period at 1.60 meaning that HES stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.44, while the total debt to equity was 1.54. In terms of profitability, the gross margin trailing 12 months is 75.00%. The trailing 12-month EBITDA margin is 34.08% while for the period ending June 29; Hess Corporation’s operating margin was 13.10%. The firm’s gross profit as reported stood at -$2.38 billion against revenue of $4.8 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 14.33% to $1.6 billion, while revenue of $1.92 billion was -20.09% off the previous quarter. Analysts expected HES to announce $0.18 per share in earnings in its latest quarter, but it posted $0.24, representing a 33.30% surprise. EBITDA for the quarter stood at more than $638.0 million. HES stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 12.63 billion, with total debt at $8.94 billion. Shareholders hold equity totaling $309.67 million

Technical Picture

Let’s look briefly at Hess Corporation (HES) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 82.54% to suggest the stock is trending Overbought, with historical volatility in this time period at 33.93%.

The stock’s 5-day moving average is $85.92, reflecting a +8.54% or $7.07 change from its current price. HES is currently trading +25.86% above its 20-day SMA, +8.61% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +17.54% and +65.77% respectively.

Stochastic %K and %D was 93.69% and 93.18% and the average true range (ATR) pointed at 3.14. The RSI (14) points at 76.10%, while the 14-day stochastic is at 89.22% with the period’s ATR at 3.01. The stock’s 9-day MACD Oscillator is pointing at 4.20 and 6.92 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Hess Corporation (NYSE: HES), Tudor Pickering launched coverage with a Hold rating. Analysts offering their rating for HES stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate HES as a “sell,”, while 10 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 3 rates the stock as overweight while 14 have offered a “buy” rating.

What is HES’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $70.00 and a high of $125.00, with their median price target at $100.00. Looking at these predictions, the average price target given by analysts is for Hess Corporation (HES) stock is $99.75.

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