A Peek At What Hess Corporation (HES) Insiders Are Doing

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Hess Corporation (NYSE:HES) saw an upside of 1.57% to $156.29 after adding $2.41 on Wednesday. The 5-day average trading volume is 1,464,428 shares of the company’s common stock. It has gained $157.85 in the past week and touched a new high 4 times within the past 5 days. An average of 1,432,857 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,621,731.

HES’s 1-month performance is 9.69% or $14.55 on its low of $130.59 reached on 01/04/23. The company’s shares have touched a 52-week low of $85.50 and high of $156.98, with the stock’s rally to the 52-week high happening on 01/25/23. YTD, HES has achieved 8.50% or $14.41 and has reached a new high 7 times. However, the current price is down -0.44% from the 52-week high price.

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Insider Transactions

HES stock investors last saw insider trading activity on Nov 07.Slentz Andrew P (Senior Vice President) most recently sold 37,419 shares at $148.21 per share on Nov 07. This transaction cost the insider $5,546,052. COO and President, E&P, Hill Gregory P., sold 53,851 shares at a price of $143.45 on Nov 01. Then, on Sep 02, Senior Vice President Slentz Andrew P sold 12,420 shares at a price of $120.99 per share. This transaction amounted to $1,502,696.

Valuation Metrics

HES stock has a beta of 1.58. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 4.44 while the price-to-book (PB) in the most recent quarter is 6.26, with the price to cash flow ratio at 16.01.

Hess Corporation’s quick ratio for the period ended September 29 was 1.70, with the current ratio over the same period at 1.80. As well, the company’s long term debt to equity for the quarter ending September 29 was 1.12, while the total debt to equity was 1.12. In terms of profitability, the gross margin trailing 12 months is 67.70%. The firm’s gross profit as reported stood at $1.97 billion against revenue of $7.58 billion.

Earnings Surprise

For the quarterly period ending September 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 77.67% to $515.0 million, while revenue of $667.0 million was -29.51% off the previous quarter. Analysts expected HES to announce $1.87 per share in earnings in its latest quarter, but it posted $1.89, representing a 1.10% surprise. EBITDA for the quarter stood at more than $1.48 billion. HES stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 13.45 billion, with total debt at $9.07 billion. Shareholders hold equity totaling $308.31 million.

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 24 January was 71.97% to suggest the stock is trending Overbought, with historical volatility in this time period at 20.62%.

The stock’s 5-day moving average is $154.78, reflecting a +3.63% or $5.47 change from its current price. HES is currently trading +10.27% above its 20-day SMA, +29.35% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +11.72% and SMA200 by+44.42%.

Stochastic %K and %D was 91.30% and 91.10% and the average true range (ATR) pointed at 4.70. The RSI (14) points at 66.68%, while the 14-day stochastic is at 92.54% with the period’s ATR at 4.79. The stock’s 9-day MACD Oscillator is pointing at 1.84 and 5.32 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Hess Corporation (NYSE: HES), Wolfe Research upgraded it to an Outperform rating. They previously had a Peer perform rating on the stock. Analysts offering their rating for HES stock have a consensus rating for the stock as Overweight. Currently, 2 brokerage advisors rate HES as a “sell,”, while 10 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 4 rates the stock as overweight while 11 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 $125.00 and a high of $185.00, with their median price target at $155.00. Looking at these predictions, the average price target given by analysts is for Hess Corporation (HES) stock is $158.91.


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