At the time of writing, Hess Corporation [HES] stock is trading at $139.35, up 0.45%. 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 3.54% over the last week, with a monthly amount drifted -0.66%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Hess Corporation [NYSE: HES] stock has seen the most recent analyst activity on September 30, 2024, when Wolfe Research upgraded its rating to a Outperform but kept the price target unchanged to $150 for it. On November 07, 2023, upgrade upgraded it’s rating to Buy but maintained its price target of $171 on the stock. Bernstein downgraded its rating to a Mkt Perform and decreased its price target to $166 on November 02, 2023. UBS initiated its recommendation with a Buy and recommended $184 as its price target on April 19, 2023. Goldman downgraded its rating to Neutral for this stock on January 27, 2023, and upped its price target to $170. In a note dated January 12, 2023, Wolfe Research upgraded an Outperform rating on this stock but restated the target price of $181.
For the past year, the stock price of Hess Corporation fluctuated between $123.79 and $163.98. Currently, Wall Street analysts expect the stock to reach $143.19 within the next 12 months. Hess Corporation [NYSE: HES] shares were valued at $139.35 at the most recent close of the market. An investor can expect a potential return of 2.76% based on the average HES price forecast.
Analyzing the HES fundamentals
According to Hess Corporation [NYSE:HES], the company’s sales were 12.77B for trailing twelve months, which represents an 11.89% jump. Gross Profit Margin for this corporation currently stands at 0.73% with Operating Profit Margin at 0.33%, Pretax Profit Margin comes in at 0.32%, 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 0.23 and Total Capital is 0.16. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.54.
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 138.02 points at the first support level, and at 136.68 for the second support level. However, for the 1st resistance point, the stock is sitting at 140.53, and for the 2nd resistance point, it is at 141.70.
Ratios To Look Out For
It is important to note that Hess Corporation [NYSE:HES] has a current ratio of 1.26. Further, the Quick Ratio stands at 1.14, while the Cash Ratio is 3.15. Considering the valuation of this stock, the price to sales ratio is 3.36, the price to book ratio is 4.09 and price to earnings (TTM) ratio is 16.26.
Transactions by insiders
Recent insider trading involved Hill Gregory P, Officer, that happened on Nov 05 ’24 when 62871.0 shares were purchased. Senior Vice President, Schoonman Geurt G completed a deal on Mar 20 ’24 to sell 13921.0 shares. Meanwhile, Senior Vice President Slentz Andrew P sold 20254.0 shares on Mar 19 ’24.
