Hess Corporation [HES] stock is trading at $151.69, up 1.97%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The HES shares have gain 3.35% over the last week, with a monthly amount glided 2.83%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Argus upgraded its rating to Buy on November 07, 2023, and kept the price target unchanged to $171. On November 02, 2023, downgrade downgraded it’s rating to Mkt Perform and revised its price target to $166 on the stock. UBS started tracking the stock assigning a Buy rating and suggested a price target of $184 on April 19, 2023. Goldman downgraded its rating to a Neutral and raised its price target to $170 on January 27, 2023. Wolfe Research upgraded its rating to Outperform for this stock on January 12, 2023, but kept the price target unchanged to $181. In a note dated January 10, 2023, Mizuho downgraded an Neutral rating on this stock and boosted its target price from $150 to $164.
Hess Corporation [HES] stock has fluctuated between $131.61 and $167.75 over the past year. Currently, Wall Street analysts expect the stock to reach $130.36 within the next 12 months. Hess Corporation [NYSE: HES] shares were valued at $151.69 at the most recent close of the market. An investor can expect a potential drop of -14.06% based on the average HES price forecast.
Analyzing the HES fundamentals
Hess Corporation [NYSE:HES] reported sales of 11.56B for the trailing twelve months, which represents a growth of 35.34%. Gross Profit Margin for this corporation currently stands at 0.49% with Operating Profit Margin at 0.33%, Pretax Profit Margin comes in at 0.29%, and Net Profit Margin reading is 0.18%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 0.22 and Total Capital is 0.17. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.92.
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 149.61 points at the first support level, and at 147.54 for the second support level. However, for the 1st resistance point, the stock is sitting at 153.04, and for the 2nd resistance point, it is at 154.40.
Ratios To Look Out For
For context, Hess Corporation’s Current Ratio is 1.23. Further, the Quick Ratio stands at 1.10, while the Cash Ratio is 0.49. Considering the valuation of this stock, the price to sales ratio is 4.04, the price to book ratio is 4.74 and price to earnings (TTM) ratio is 23.25.
Transactions by insiders
Recent insider trading involved Schoonman Geurt G, Senior Vice President, that happened on Mar 20 ’24 when 13921.0 shares were sold. Senior Vice President, Slentz Andrew P completed a deal on Mar 19 ’24 to sell 20254.0 shares. Meanwhile, COO and President, E&P Hill Gregory P. sold 4708.0 shares on Mar 07 ’24.
