At the time of writing, Hess Corporation [HES] stock is trading at $147.00, up 0.80%. 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 2.96% over the last week, with a monthly amount glided 3.22%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Hess Corporation [NYSE: HES] stock has seen the most recent analyst activity on December 09, 2024, when Wells Fargo upgraded its rating to a Overweight and also boosted its price target to $193 from $151. Previously, Wolfe Research upgraded its rating to Outperform on September 30, 2024, and kept the price target unchanged to $150. Argus upgraded its rating to a Buy but stick to its price target of $171 on November 07, 2023. Bernstein downgraded its rating to a Mkt Perform and reduced its price target to $166 on November 02, 2023. UBS started tracking with a Buy rating for this stock on April 19, 2023, and assigned it a price target of $184. In a note dated January 27, 2023, Goldman downgraded an Neutral rating on this stock and boosted its target price from $161 to $170.
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 $168.71 within the next 12 months. Hess Corporation [NYSE: HES] shares were valued at $147.00 at the most recent close of the market. An investor can expect a potential return of 14.77% based on the average HES price forecast.
Analyzing the HES fundamentals
According to Hess Corporation [NYSE:HES], the company’s sales were 12.90B for trailing twelve months, which represents an 4.28% jump. Gross Profit Margin for this corporation currently stands at 0.52% with Operating Profit Margin at 0.34%, 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 0.25 and Total Capital is 0.17. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.8.
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 145.91 points at the first support level, and at 144.82 for the second support level. However, for the 1st resistance point, the stock is sitting at 148.35, and for the 2nd resistance point, it is at 149.70.
Ratios To Look Out For
It is important to note that Hess Corporation [NYSE:HES] has a current ratio of 1.12. As well, the Quick Ratio is 1.13, while the Cash Ratio is 2.18. Considering the valuation of this stock, the price to sales ratio is 3.51, the price to book ratio is 4.19 and price to earnings (TTM) ratio is 16.36.
Transactions by insiders
Recent insider trading involved HESS JOHN B, Chief Executive Officer, that happened on Nov 21 ’24 when 0.12 million shares were sold. Chief Executive Officer, HESS JOHN B completed a deal on Nov 20 ’24 to sell 0.12 million shares. Meanwhile, Chief Executive Officer HESS JOHN B sold 92894.0 shares on Nov 22 ’24.
