At the time of writing, Hess Corporation [HES] stock is trading at $135.34, up 0.70%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The HES shares have gain 4.98% over the last week, with a monthly amount drifted -0.58%, and not 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.
For the past year, the stock price of Hess Corporation fluctuated between $123.79 and $167.75. Currently, Wall Street analysts expect the stock to reach $132.79 within the next 12 months. Hess Corporation [NYSE: HES] shares were valued at $135.34 at the most recent close of the market. An investor can expect a potential drop of -1.88% based on the average HES price forecast.
Analyzing the HES fundamentals
According to Hess Corporation [NYSE:HES], the company’s sales were 12.43B for trailing twelve months, which represents an 36.78% jump. Gross Profit Margin for this corporation currently stands at 0.46% with Operating Profit Margin at 0.36%, Pretax Profit Margin comes in at 0.33%, and Net Profit Margin reading is 0.21%. To continue investigating profitability, this company’s Return on Assets is posted at 0.1, Equity is 0.28 and Total Capital is 0.19. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.88.
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 134.22 points at the first support level, and at 133.11 for the second support level. However, for the 1st resistance point, the stock is sitting at 136.53, and for the 2nd resistance point, it is at 137.73.
Ratios To Look Out For
It is important to note that Hess Corporation [NYSE:HES] has a current ratio of 1.27. As well, the Quick Ratio is 1.14, while the Cash Ratio is 0.67. Considering the valuation of this stock, the price to sales ratio is 3.36, the price to book ratio is 3.98 and price to earnings (TTM) ratio is 15.75.
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, EVP, Gen Counsel & Secretary Goodell Timothy B. sold 2701.0 shares on Mar 07 ’24.
