Argus slashes price target on Hess Corporation [HES] – find out why.

Hess Corporation [NYSE: HES] jumped around 3.7 points on Tuesday, while shares priced at $53.64 at the close of the session, up 7.41%. The company report on November 18, 2020 that Hess Named to Dow Jones Sustainability Index (DJSI) North America for Eleventh Consecutive Year.

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Hess Corporation (NYSE: HES) has earned a place on the prestigious Dow Jones Sustainability Index (DJSI) North America for the eleventh consecutive year. The index, which recognizes public companies for outstanding performance across economic, environmental and social factors, is used as a reference by shareholders who consider sustainability when making investment decisions. Only the most sustainable companies in each industry are considered each year for index membership.

Hess is one of three oil and gas producers in the Energy industry group listed on the North America Index. The DJSI, introduced in 1999, is among the very first set of global indices to track the largest and leading sustainability-driven publicly listed companies. The DJSI was founded on the belief that integrating Environmental, Social and Governance (ESG) factors into traditional financial analysis can generate long-term value.

Hess Corporation stock is now -19.71% down from its year-to-date (YTD) trading value. HES Stock saw the intraday high of $54.47 and lowest of $50.65 per share. The company’s 52-week high price is 71.66, which means current price is +105.83% above from all time high which was touched on 01/16/20.

Compared to the average trading volume of 2.38M shares, HES reached a trading volume of 3615797 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about 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 $54.02 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 2.20. 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.

Argus have made an estimate for Hess Corporation shares, keeping their opinion on the stock as Hold, with their previous recommendation back on November 03, 2020. The new note on the price target was released on September 24, 2020, representing the official price target for Hess Corporation stock. Previously, the target price had yet another raise to $52, while Credit Suisse analysts kept a Neutral rating on HES stock.

The Average True Range (ATR) for Hess Corporation is set at 2.53, with the Price to Sales ratio for HES stock in the period of the last 12 months amounting to 3.31. The Price to Book ratio for the last quarter was 2.76, with the Price to Cash per share for the same quarter was set at 4.14. Price to Free Cash Flow for HES in the course of the last twelve months was 35.67 with Quick ratio for the last quarter at 1.90.

How has HES stock performed recently?

Hess Corporation [HES] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 13.38. With this latest performance, HES shares gained by 43.31% in over the last four-week period, additionally plugging by 10.73% over the last 6 months – not to mention a drop of -17.16% 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 74.28, with the RSI for the last a single of trading hit 79.56, and the three-weeks RSI is set at 69.40 for Hess Corporation [HES]. The present Moving Average for the last 50 days of trading for this stock 40.67, while it was recorded at 48.64 for the last single week of trading, and 45.30 for the last 200 days.

Hess Corporation [HES]: Deeper insight into the 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 1.90 and a Current Ratio set at 2.20.

Earnings analysis for Hess Corporation [HES]

With the latest financial reports released by the company, Hess Corporation posted -0.6/share EPS, while the average EPS was predicted by analysts to be reported at -0.52/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -15.40%. 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.

Insider trade positions for Hess Corporation [HES]

There are presently around $13,586 million, or 85.60% of HES stock, in the hands of institutional investors. The top three institutional holders of HES stocks are: VANGUARD GROUP INC with ownership of 30,778,033, which is approximately -0.075% of the company’s market cap and around 0.10% of the total institutional ownership; FMR LLC, holding 29,466,359 shares of the stock with an approximate value of $1.58 billion in HES stocks shares; and BLACKROCK INC., currently with $1.11 billion in HES stock with ownership of nearly 0.92% of the company’s market capitalization.

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Positions in Hess Corporation stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 220 institutional holders increased their position in Hess Corporation [NYSE:HES] by around 10,863,222 shares. Additionally, 210 investors decreased positions by around 17,741,475 shares, while 84 investors held positions by with 224,668,780 shares. The mentioned changes placed institutional holdings at 253,273,477 shares, according to the latest SEC report filing. HES stock had 47 new institutional investments in for a total of 2,632,953 shares, while 57 institutional investors sold positions of 1,812,865 shares during the same period.

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