As of Thursday close, Hess Corporation’s (NYSE:HES) stock was down -$5.35, moving down -3.42 percent to $150.93. The average number of shares traded per day over the past five days has been 1,824,620 shares. 2 times new highs have been achieved over the past 5 days, with a -$13.95 fall in that time frame. In the last twenty days, the average volume was 1,615,055, while in the previous 50 days, it was 1,641,848.
Since last month, HES stock retreated -0.72%. Shares of the company fell to $148.30 on 08/23/23, the lowest level in the past month. A 52-week high of $165.43 was reached on 09/14/23 after having rallying from a 52-week low of $100.34. Since the beginning of this year, HES’s stock price has risen by 6.42% or $9.11, and marked a new high 11 times. However, the stock has declined by -8.77% since its 52-week high.
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HES stock investors should be aware that Hess Corporation (HES) stock had its last reported insider trading activity 21 days ago on Sep 01. Lowery-Yilmaz Barbara J, the Senior Vice President of the company, disposed of 24,319 shares for $156.91 on Sep 01. It resulted in a $3,815,885 divestment by the insider. Slentz Andrew P sold 24,312 shares at an average price of $156.64 on Sep 01. The insider now owns 34,268 shares following the transaction. On Jul 31, COO and President, E&P Hill Gregory P. sold 33,414 shares at $151.33 apiece. The transaction was valued at $5,056,541.
Valuation Metrics
Right now, Hess Corporation (HES) has a P/E ratio of about 31.49. The stock’s beta is 1.59. Besides these, the trailing price-to-sales (P/S) ratio of 4.43, the price-to-book (PB) ratio of 5.58, and the price-to-cash flow ratio of 46.31 may also be considered.
The latest dividend of $0.4375 per share was paid out, remained unchanged from last year’s $0.4375. On Wednesday May 17 2023, a $0.0005 dividend decrease was announced.
Financial Health
In the three months ended June 29, Hess Corporation’s quick ratio stood at 1.40, while its current ratio was 1.50, 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 June 29 was 1.04, and the total debt-to-equity ratio was 1.04. On the profitability front, the trailing twelve-month gross margin is 70.50% percent. In the year ended June 29, EBITDA margin amounted to 52.15%, whereas operating margins totaled 27.90%. 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 18.60%.
In Hess Corporation’s quarter-end financial report for June 29, it reported total debt of $8.46 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 fell -30.54% to $2.41 billion during the quarter, while net income inched up to $2.29 billion. While analysts expected Hess Corporation to report $0.5 quarterly earnings, the actual figure was $0.65 per share. During the quarter, the company generated $984.0 million in EBITDA. The liabilities of Hess Corporation were 13.33 billion at the end of its most recent quarter ended June 29, and its total debt was $9.27 billion. The value of shareholders’ equity is $307.06 million.
Technical Picture
This quick technical analysis looks at Hess Corporation’s (HES) price momentum. With a historical volatility rate of 33.05%, the RSI 9-day stood at 34.76% on 21 September.
With respect to its five-day moving average, the current Hess Corporation price is down by -8.46% percent or -$13.95. At present, HES shares trade +0.07% above its 20-day simple moving average and +4.05% percent above its 100-day simple moving average. However, the stock is currently trading approximately +7.16% above its SMA50 and +4.80% above its SMA200.
Stochastic coefficient K was 25.81% and Stochastic coefficient D was 47.13%, while ATR was 4.22. Given the Stochastic reading of 1.66% for the 14-day period, the RSI (14) reading has been calculated as 41.47%. As of today, the MACD Oscillator reading stands at -3.89, while the 14-day reading stands at -3.54.
Analyst Ratings
UBS launched its rating on Hess Corporation (NYSE: HES) to a Buy in a note to investors on April 19, 2023. Hess Corporation (HES) has been rated Overweight by analysts. According to 1 brokerage firm, HES is a sell, and 12 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate Hess Corporation stock as buy, with 11 recommending it as overweight.
With a median target price of $165.50, the current consensus forecast for the stock is $150.00 – $206.00. Based on these forecasts, analysts predict Hess Corporation (HES) will achieve an average price target of $167.91.
