Hess Corporation (NYSE: HES) is -5.14% lower on its value in year-to-date trading and has touched a low of $130.35 and a high of $167.75 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The HES stock was last observed hovering at around $137.47 in the last trading session, with the day’s loss setting it -0.72%.
Currently trading at $136.75, the stock is 0.13% and -4.92% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.1 million and changing -0.52% at the moment leaves the stock -6.87% off its SMA200. HES registered -10.85% loss for a year compared to 6-month gain of -5.95%.
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The stock witnessed a -9.85% loss in the last 1 month and extending the period to 3 months gives it a -8.15%, and is 0.29% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.51% over the week and 2.01% over the month.
Hess Corporation (HES) has around 1756 employees, a market worth around $42.14B and $12.43B in sales. Current P/E ratio is 15.92 and Fwd P/E is 11.96. Profit margin for the company is 21.29%. Distance from 52-week low is 4.91% and -18.48% from its 52-week high. The company has generated returns on investments over the last 12 months (13.43%).
Hess Corporation quarterly earnings per share for the current quarter are estimated at 2.4 with sales reaching $2.98B over the same period.The EPS is expected to grow by 113.95% this year, but quarterly earnings will post 15.00% year-over-year. Quarterly sales are estimated to grow 27.30% in year-over-year returns.
1124.0 institutions hold shares in Hess Corporation (HES), with institutional investors hold 89.32% of the company’s shares. The shares outstanding are 307.16M, and float is at 278.79M with Short Float at 2.05%. Institutions hold 80.86% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 33.81 million shares valued at $4.99 billion. The investor’s holdings represent 11.0362 of the HES Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 25.16 million shares valued at $3.71 billion to account for 8.2114 of the shares outstanding. The other top investors are STATE STREET CORP which holds 17.87 million shares representing 5.8332 and valued at over $2.64 billion, while ADAGE CAPITAL PARTNERS GP, L.L.C. holds 2.8193 of the shares totaling 8.64 million with a market value of $1.27 billion.
Hess Corporation (HES) Insider Activity
The most recent transaction is an insider sale by Schoonman Geurt G, the company’s Senior Vice President. SEC filings show that Schoonman Geurt G sold 13,921 shares of the company’s common stock on Mar 20 ’24 at a price of $151.08 per share for a total of $2.1 million. Following the sale, the insider now owns 33581.0 shares.
Hess Corporation disclosed in a document filed with the SEC on Mar 19 ’24 that Slentz Andrew P (Senior Vice President) sold a total of 20,254 shares of the company’s common stock. The trade occurred on Mar 19 ’24 and was made at $151.08 per share for $3.06 million. Following the transaction, the insider now directly holds 43788.0 shares of the HES stock.
Still, SEC filings show that on Mar 07 ’24, Goodell Timothy B. (EVP, Gen Counsel & Secretary) disposed off 2,701 shares at an average price of $144.52 for $0.39 million. The insider now directly holds 162,144 shares of Hess Corporation (HES).
