Currently, Hess Corporation [HES] is trading at $151.99, up 1.19%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The HES shares have gain 3.66% over the last week, with a monthly amount glided 2.40%, and seem to be holding up well over a long-time horizon.
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On 7, February 2024, Hess Achieves CDP Climate Change Leadership Status. In a post published today on Yahoo Finance, Hess Corporation (NYSE:HES) has been recognized for climate change stewardship in CDP’s Climate Change Scores for 2023, significantly outperforming the oil & gas extraction and production sector average, the overall North American regional average and the global average.
From an analyst’s perspective:
Hess Corporation [NYSE: HES] stock has seen the most recent analyst activity on November 07, 2023, when Argus upgraded its rating to a Buy but kept the price target unchanged to $171 for it. Previously, Bernstein downgraded its rating to Mkt Perform on November 02, 2023, and dropped its price target to $166. On April 19, 2023, UBS initiated with a Buy rating and assigned a price target of $184 on the stock. Goldman downgraded its rating to a Neutral and increased its price target to $170 on January 27, 2023. Wolfe Research upgraded its rating to a Outperform but $181 remained the price target by the analyst firm on January 12, 2023. Mizuho downgraded its rating to Neutral for this stock on January 10, 2023, and upped its price target to $164. In a note dated October 19, 2022, Jefferies initiated an Hold rating and provided a target price of $140 on this stock.
This stock has fluctuated between a low of $117.32 and a high of $167.75 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $122.46 within the next 12 months. Hess Corporation [NYSE: HES] shares were valued at $151.99 at the most recent close of the market. An investor can expect a potential drop of -19.43% based on the average HES price forecast.
Analyzing the HES fundamentals
Trailing Twelve Months sales for Hess Corporation [NYSE:HES] were 10.70B which represents -22.24% decline. Gross Profit Margin for this corporation currently stands at 0.52% with Operating Profit Margin at 0.29%, Pretax Profit Margin comes in at 0.24%, and Net Profit Margin reading is 0.13%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.16 and Total Capital is 0.14. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.0.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 150.63 points at the first support level, and at 149.28 for the second support level. However, for the 1st resistance point, the stock is sitting at 152.69, and for the 2nd resistance point, it is at 153.40.
Hess Corporation [HES] reported earnings per share of $1.63 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.44/share, meaning a difference of $0.19 and a surprise factor of 13.20%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1.64 per share as compared to estimates of $1.12 per share, a difference of $0.52 representing a surprise of 46.40%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Hess Corporation [NYSE:HES] is 1.05. Also, the Quick Ratio is 0.96, while the Cash Ratio stands at 0.52. Considering the valuation of this stock, the price to sales ratio is 4.36, the price to book ratio is 5.20 and price to earnings (TTM) ratio is 33.83.
Transactions by insiders
Recent insider trading involved Hill Gregory P., COO and President, E&P, that happened on Mar 07 ’24 when 4708.0 shares were sold. EVP, Gen Counsel & Secretary, Goodell Timothy B. completed a deal on Mar 07 ’24 to sell 2701.0 shares. Meanwhile, EVP and CFO RIELLY JOHN P sold 2596.0 shares on Mar 07 ’24.
