The stock of Hess Corporation (NYSE: HES) has increased by 0.36 when compared to last closing price of 150.26. Despite this, the company has experienced a -4.55% fall in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-16 that Hess (HES) could produce exceptional returns because of its solid growth attributes.
Is It Worth Investing in Hess Corporation (NYSE: HES) Right Now?
The price-to-earnings ratio for Hess Corporation (NYSE: HES) is 33.57x, which is above its average ratio. Moreover, the 36-month beta value for HES is 1.27. Analysts have varying opinions on the stock, with 5 analysts rating it as a “buy,” 4 as “overweight,” 11 as “hold,” and 1 as “sell.”
The public float for HES is 277.40M and currently, short sellers hold a 2.09% of that float. On April 18, 2024, HES’s average trading volume was 2.68M shares.
HES’s Market Performance
HES’s stock has seen a -4.55% decrease for the week, with a 0.40% rise in the past month and a 9.20% gain in the past quarter. The volatility ratio for the week is 2.53%, and the volatility levels for the past 30 days are at 1.71% for Hess Corporation The simple moving average for the past 20 days is -1.67% for HES’s stock, with a 1.96% simple moving average for the past 200 days.
Analysts’ Opinion of HES
Many brokerage firms have already submitted their reports for HES stocks, with Argus repeating the rating for HES by listing it as a “Buy.” The predicted price for HES in the upcoming period, according to Argus is $171 based on the research report published on November 07, 2023 of the previous year 2023.
Bernstein, on the other hand, stated in their research note that they expect to see HES reach a price target of $166, previously predicting the price at $189. The rating they have provided for HES stocks is “Mkt Perform” according to the report published on November 02nd, 2023.
UBS gave a rating of “Buy” to HES, setting the target price at $184 in the report published on April 19th of the previous year.
HES Trading at 1.00% from the 50-Day Moving Average
After a stumble in the market that brought HES to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -10.10% of loss for the given period.
Volatility was left at 1.71%, however, over the last 30 days, the volatility rate increased by 2.53%, as shares sank -0.78% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.67% upper at present.
During the last 5 trading sessions, HES fell by -4.55%, which changed the moving average for the period of 200-days by +10.92% in comparison to the 20-day moving average, which settled at $153.31. In addition, Hess Corporation saw 4.61% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at HES starting from Schoonman Geurt G, who sale 13,921 shares at the price of $151.08 back on Mar 20 ’24. After this action, Schoonman Geurt G now owns 33,581 shares of Hess Corporation, valued at $2,103,130 using the latest closing price.
Slentz Andrew P, the Senior Vice President of Hess Corporation, sale 20,254 shares at $151.08 during a trade that took place back on Mar 19 ’24, which means that Slentz Andrew P is holding 43,788 shares at $3,060,074 based on the most recent closing price.
Stock Fundamentals for HES
Current profitability levels for the company are sitting at:
- 0.29 for the present operating margin
- 0.52 for the gross margin
The net margin for Hess Corporation stands at 0.13. The total capital return value is set at 0.14. Equity return is now at value 16.41, with 6.05 for asset returns.
Based on Hess Corporation (HES), the company’s capital structure generated 0.5 points at debt to capital in total, while cash flow to debt ratio is standing at 0.44. The debt to equity ratio resting at 1.0. The interest coverage ratio of the stock is 6.05.
Currently, EBITDA for the company is 5.31 billion with net debt to EBITDA at 1.57. When we switch over and look at the enterprise to sales, we see a ratio of 5.16. The receivables turnover for the company is 7.9for trailing twelve months and the total asset turnover is 0.44. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.05.
Conclusion
To wrap up, the performance of Hess Corporation (HES) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
