As of Friday close, Hess Corporation’s (NYSE:HES) stock was down -$2.46, moving down -2.04 percent to $118.33. The average number of shares traded per day over the past five days has been 3,223,180 shares. 2 times new highs have been achieved over the past 5 days, with a -$11.30 fall in that time frame. In the last twenty days, the average volume was 2,032,370, while in the previous 50 days, it was 1,872,390.
Since last month, HES stock retreated -18.96%. Shares of the company fell to $113.82 on 03/16/23, the lowest level in the past month. A 52-week high of $160.52 was reached on 01/26/23 after having rallying from a 52-week low of $90.34. Since the beginning of this year, HES’s stock price has dropped by -16.56% or -$23.49, and marked a new high 8 times. However, the stock has declined by -26.28% since its 52-week high.
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Sponsored
HES stock investors should be aware that Hess Corporation (HES) stock had its last reported insider trading activity 11 days ago on Mar 07. Lynch Richard D., the Senior Vice President of the company, disposed of 33,191 shares for $138.84 on Mar 07. It resulted in a $4,608,207 divestment by the insider. Hill Gregory P. sold 6,123 shares at an average price of $137.41 on Mar 07. The insider now owns 123,846 shares following the transaction. On Mar 07, EVP, Gen. Counsel & Secretary Goodell Timothy B. sold 3,527 shares at $137.41 apiece. The transaction was valued at $484,645.
Valuation Metrics
Right now, Hess Corporation (HES) has a P/E ratio of about 17.48. The stock’s beta is 1.59. Besides these, the trailing price-to-sales (P/S) ratio of 3.30, the price-to-book (PB) ratio of 4.62, and the price-to-cash flow ratio of 11.55 may also be considered.
The latest dividend of $0.4380 per share was paid out, which is 16.8% more than last year’s $0.3750. On Wednesday March 1 2023, a $0.0630 dividend increase was announced.
Financial Health
In the three months ended December 30, Hess Corporation’s quick ratio stood at 1.60, while its current ratio was 1.60, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending December 30 was 1.08, and the total debt-to-equity ratio was 1.08. On the profitability front, the trailing twelve-month gross margin is 68.40% percent. In the year ended December 30, operating margins totaled 33.50%. Based on annual data, HES earned $4.04 billion in gross profit and brought in $11.57 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 16.50%. Return on equity (ROE) for the past 12 months was 29.10%.
In Hess Corporation’s quarter-end financial report for December 30, it reported total debt of $8.28 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. HES’s revenue rose 26.16% to $3.16 billion during the quarter, while net income inched up to $3.05 billion. While analysts expected Hess Corporation to report $1.64 quarterly earnings, the actual figure was $1.78 per share, beating the consensus estimate by 8.50%. The liabilities of Hess Corporation were 13.11 billion at the end of its most recent quarter ended December 30, and its total debt was $9.15 billion.
Technical Picture
This quick technical analysis looks at Hess Corporation’s (HES) price momentum. With a historical volatility rate of 38.79%, the RSI 9-day stood at 25.75% on 17 March.
With respect to its five-day moving average, the current Hess Corporation price is down by -8.72% percent or -$11.30. At present, HES shares trade -17.69% below its 20-day simple moving average and -12.72% percent below its 100-day simple moving average. However, the stock is currently trading approximately -13.36% below its SMA50 and -3.85% below its SMA200.
Stochastic coefficient K was 16.74% and Stochastic coefficient D was 14.02%, while ATR was 5.77. Given the Stochastic reading of 15.93% for the 14-day period, the RSI (14) reading has been calculated as 29.60%. As of today, the MACD Oscillator reading stands at -8.24, while the 14-day reading stands at -12.60.
Analyst Ratings
Hess Corporation downgraded its rating on Hess Corporation (NYSE: HES) to a Neutral in a note to investors on January 27, 2023. The analysts firm previously had a Buy rating on the stock.Hess Corporation (HES) has been rated Overweight by analysts. According to 1 brokerage firm, HES is a sell, and 11 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 4 analysts rate Hess Corporation stock as buy, with 11 recommending it as overweight.
With a median target price of $160.00, the current consensus forecast for the stock is $130.00 – $200.00. Based on these forecasts, analysts predict Hess Corporation (HES) will achieve an average price target of $162.52.