Hess Corporation (NYSE:HES) saw an upside of 0.57% to $152.80 after adding $0.86 on Tuesday. The 5-day average trading volume is 1,389,095 shares of the company’s common stock. It has gained $159.98 in the past week and touched a new high 1 time within the past 5 days. An average of 1,608,284 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,621,911.
HES’s 1-month performance is 1.46% or $1.93 on its low of $149.49 reached on 09/26/23. The company’s shares have touched a 52-week low of $100.34 and high of $165.43, with the stock’s rally to the 52-week high happening on 09/14/23. YTD, HES has achieved 7.74% or $10.71 and has reached a new high 11 times. However, the current price is down -7.63% from the 52-week high price.
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Insider Transactions
HES stock investors last saw insider trading activity on Sep 01.Lowery-Yilmaz Barbara J (Senior Vice President) most recently sold 24,319 shares at $156.91 per share on Sep 01. This transaction cost the insider $3,815,885. Senior Vice President, Slentz Andrew P, sold 24,312 shares at a price of $156.64 on Sep 01. Then, on Jul 31, COO and President, E&P Hill Gregory P. sold 33,414 shares at a price of $151.33 per share. This transaction amounted to $5,056,541.
Valuation Metrics
HES stock has a beta of 1.59. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 4.02 while the price-to-book (PB) in the most recent quarter is 5.67, with the price to cash flow ratio at 45.60.
Hess Corporation’s quick ratio for the period ended June 29 was 1.43, with the current ratio over the same period at 1.54. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.09, while the total debt to equity was 1.12. In terms of profitability, the gross margin trailing 12 months is 40.03%. The trailing 12-month EBITDA margin is 52.15% while for the period ending June 29, Hess Corporation’s operating margin was 36.01%. The firm’s gross profit as reported stood at $4.04 billion against revenue of $11.57 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 shrunk -460.5% to $119.0 million, while revenue of $346.0 million was -190.76% off the previous quarter. Analysts expected HES to announce $0.5 per share in earnings in its latest quarter, but it posted $0.65, representing a 30.00% surprise. EBITDA for the quarter stood at more than $984.0 million. HES stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 13.33 billion, with total debt at $9.27 billion. Shareholders hold equity totaling $307.06 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 25 September was 40.92% to suggest the stock is trending Neutral, with historical volatility in this time period at 31.53%.
The stock’s 5-day moving average is $152.36, reflecting a -4.09% or -$6.51 change from its current price. HES is currently trading -0.56% above its 20-day SMA, +12.73% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +13.41% and SMA200 by+13.18%.
Stochastic %K and %D was 11.22% and 8.80% and the average true range (ATR) pointed at 3.93. The RSI (14) points at 45.07%, while the 14-day stochastic is at 19.07% with the period’s ATR at 3.82. The stock’s 9-day MACD Oscillator is pointing at -4.99 and -6.13 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Hess Corporation (NYSE: HES), UBS launched coverage with a Buy rating. Analysts offering their rating for HES stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate HES as a “sell,”, while 12 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 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 $150.00 and a high of $206.00, with their median price target at $165.50. Looking at these predictions, the average price target given by analysts is for Hess Corporation (HES) stock is $167.91.
