Hess Corporation (NYSE:HES) finished Thursday with a subtraction of -$1.4 to close at $156.64, a downside of -0.89 percent. An average of 2,078,760 shares of common stock have been traded in the last five days. There was a gain of $5.71 in the past week, and it reached a new high 22 times over the past 12 months. The last 20 days have seen an average of 1,864,065 shares traded, while the 50-day average volume stands at 1,687,128.
HES stock has increased by 1.27% in the last month. The company shares reached their 1-month lowest point of $149.49 on 09/26/23. With the stock rallying to its 52-week high on 09/14/23, shares of the company touched a low of $101.62 and a high of $165.43 in 52 weeks. It has reached a new high 11 times so far this year and achieved 10.45% or $14.82 in price. In spite of this, the price is down -5.31% from the 52-week high.
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Insider Transactions
HES stock investors should be aware that Hess Corporation (HES) stock had its last reported insider trading activity 28 days ago on Sep 01. In this transaction, the insider spent $3,815,885. Senior Vice President, Slentz Andrew P, disposed of 24,312 shares at a price of $156.64 on Sep 01. The insider now owns more than $3,808,232 worth of shares. Prior to that, COO and President, E&P Hill Gregory P. went on to Sale 33,414 shares at $151.33 each on Jul 31. An amount of $5,056,541 was transacted.
Valuation Metrics
Hess Corporation (HES) has a trailing price-to-earnings (P/E) ratio of 30.09. The stock’s beta is 1.56. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 4.12, the price-to-book (PB) ratio at 5.81, and the price-to-cash flow ratio at 46.74.
The company has a payout ratio of 22.16%. The company’s most recent quarterly dividend payment was $0.4375 a share, without any change from last year. Its latest decrease dividend $0.0005 reported on Wednesday May 17 2023.
Financial Health
The quick ratio of Hess Corporation for the three months ended June 29 was 1.43, and the current ratio was 1.54, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.09 and a total debt to equity ratio of 1.12 for the quarter ending June 29. Hess Corporation’s EBITDA margin for the year ending June 29 is 52.15%, while its operating margin for the same period stands at 36.01%. Its gross profit as reported stood at $4.04 billion compared to revenue of $11.57 billion.
Earnings Surprise
For the three-month period that ended June 29, Hess Corporation had $8.46 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $119.0 million in the quarter, while revenues were shrunk -460.5%. The analyst consensus anticipated Hess Corporation’s latest quarter earnings to come in at $0.5 per share, but it turned out to be $0.65, a 30.00% surprise. For the quarter, EBITDA amounted to $984.0 million. Shareholders own equity worth $307.06 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Hess Corporation (HES) price momentum. RSI 9-day as of the close on 28 September was 51.62%, suggesting the stock is Neutral, with historical volatility in this time frame at 32.96%.
As of today, HES’s price is $153.76 +3.78% or $5.71 from its 5-day moving average. HES is currently trading +1.25% higher than its 20-day SMA and +14.92% higher than its 100-day SMA. However, the stock’s current price level is +14.12% above the SMA50 and +21.13% above the SMA200.
The stochastic %K and %D were 38.18% and 25.40%, respectively, and the average true range (ATR) was 4.11. With the 14-day stochastic at 44.87% and the average true range at 3.96, the RSI (14) stands at 52.03%. The stock has reached 0.28 on the 9-day MACD Oscillator while the 14-day reading was at -1.75.
Analyst Ratings
UBS launched coverage on Hess Corporation (NYSE: HES) in its analyst report released on April 19, 2023. The firm assigned the stock a Buy rating.
