Thursday, October 22, 2020

Hess Corporation [HES] Revenue clocked in at $5.45 billion, down -39.41% YTD: What’s Next?

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Hess Corporation [NYSE: HES] stock went on an upward path that rose over 2.61% on Friday, amounting to a one-week price decrease of less than -5.90%.

Over the last 12 months, HES stock dropped by -34.37%. The one-year Hess Corporation stock forecast points to a potential upside of 29.77. The average equity rating for HES stock is currently 2.10, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $12.12 billion, with 305.00 million shares outstanding and 273.73 million shares in the current float. Compared to the average trading volume of 2.22M shares, HES stock reached a trading volume of 2791130 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Hess Corporation [HES]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for HES shares is $57.64 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on HES stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Scotiabank have made an estimate for Hess Corporation shares, keeping their opinion on the stock as Sector Perform, with their previous recommendation back on September 24, 2020. While these analysts kept the previous recommendation, Credit Suisse raised their target price to Neutral. The new note on the price target was released on August 05, 2020, representing the official price target for Hess Corporation stock. On June 02, 2020, analysts increased their price target for HES shares from 46 to 60.

The Average True Range (ATR) for Hess Corporation is set at 1.83, with the Price to Sales ratio for HES stock in the period of the last 12 months amounting to 2.22. The Price to Book ratio for the last quarter was 1.93, with the Price to Cash per share for the same quarter was set at 5.50. Price to Free Cash Flow for HES in the course of the last twelve months was 15.18 with Quick ratio for the last quarter at 1.80.

HES Stock Performance Analysis:

Hess Corporation [HES] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.90. With this latest performance, HES shares dropped by -12.57% in over the last four-week period, additionally plugging by 18.95% over the last 6 months – not to mention a drop of -34.37% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for HES stock in for the last two-week period is set at 35.04, with the RSI for the last a single of trading hit 32.98, and the three-weeks RSI is set at 37.16 for Hess Corporation [HES]. The present Moving Average for the last 50 days of trading for this stock 47.80, while it was recorded at 40.34 for the last single week of trading, and 50.34 for the last 200 days.

Insight into Hess Corporation Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Hess Corporation [HES] shares currently have an operating margin of +9.27 and a Gross Margin at +15.38. Hess Corporation’s Net Margin is presently recorded at -6.28.

Return on Total Capital for HES is now 3.42, given the latest momentum, and Return on Invested Capital for the company is -2.50. Return on Equity for this stock declined to -4.44, with Return on Assets sitting at -1.89. When it comes to the capital structure of this company, Hess Corporation [HES] has a Total Debt to Total Equity ratio set at 90.84. Additionally, HES Total Debt to Total Capital is recorded at 47.60, with Total Debt to Total Assets ending up at 36.42. Long-Term Debt to Equity for the company is recorded at 88.56, with the Long-Term Debt to Total Capital now at 46.41.

Reflecting on the efficiency of the workforce at the company, Hess Corporation [HES] managed to generate an average of -$229,859 per employee. Receivables Turnover for the company is 5.98 with a Total Asset Turnover recorded at a value of 0.30.Hess Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.80 and a Current Ratio set at 2.00.

HES Stock EPS

With the latest financial reports released by the company, Hess Corporation posted -0.32/share EPS, while the average EPS was predicted by analysts to be reported at -0.33/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 3.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for HES.

Hess Corporation [HES] Insider Position Details

There are presently around $10,515 million, or 87.80% of HES stock, in the hands of institutional investors. The top three institutional holders of HES stocks are: FMR LLC with ownership of 31,058,457, which is approximately -7.703% of the company’s market cap and around 0.10% of the total institutional ownership; VANGUARD GROUP INC, holding 30,801,107 shares of the stock with an approximate value of $1.25 billion in HES stocks shares; and BLACKROCK INC., currently with $833.71 million in HES stock with ownership of nearly 9.82% of the company’s market capitalization.

Positions in Hess Corporation stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 190 institutional holders increased their position in Hess Corporation [NYSE:HES] by around 12,379,418 shares. Additionally, 271 investors decreased positions by around 31,407,381 shares, while 72 investors held positions by with 215,974,425 shares. The mentioned changes placed institutional holdings at 259,761,224 shares, according to the latest SEC report filing. HES stock had 57 new institutional investments in for a total of 2,677,591 shares, while 65 institutional investors sold positions of 10,285,045 shares during the same period.

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