Hess Corporation [HES] Is Currently -1.81 below its 200 Period Moving Avg: What Does This Mean?


Hess Corporation [NYSE: HES] closed the trading session at $94.19 on 07/14/22. The day’s price range saw the stock hit a low of $90.34, while the highest price level was $94.29. The company report on July 11, 2022 that Hess Schedules Earnings Release Conference Call.

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Hess Corporation (NYSE: HES) announced today that it will hold a conference call on Wednesday, July 27, 2022 at 10 a.m. Eastern Time to discuss its second quarter 2022 earnings release.

To phone into the conference call, participants should register in advance using this link to receive a unique PIN and dial-in number. This conference call and subsequent replay will also be accessible by webcast (audio only).

The stocks have a year to date performance of 27.23 percent and weekly performance of -5.73 percent. The stock has been moved at 4.61 percent over the last six months. The stock has performed -22.50 percent around the most recent 30 days and changed -16.35 percent over the most recent 3-months.

If compared to the average trading volume of 2.45M shares, HES reached to a volume of 2222368 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to 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 $138.86 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.

Citigroup have made an estimate for Hess Corporation shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on June 24, 2022. While these analysts kept the previous recommendation, Tudor Pickering raised their target price to Hold. The new note on the price target was released on May 27, 2021, representing the official price target for Hess Corporation stock. Previously, the target price had yet another raise from $76 to $94, while Mizuho kept a Buy rating on HES stock.

The Average True Range (ATR) for Hess Corporation is set at 5.64, with the Price to Sales ratio for HES stock in the period of the last 12 months amounting to 3.71. The Price to Book ratio for the last quarter was 4.61, with the Price to Cash per share for the same quarter was set at 4.41. Price to Free Cash Flow for HES in the course of the last twelve months was 18.25 with Quick ratio for the last quarter at 1.30.

HES stock trade performance evaluation

Hess Corporation [HES] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.73. With this latest performance, HES shares dropped by -22.50% in over the last four-week period, additionally plugging by 4.61% over the last 6 months – not to mention a rise of 17.17% 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 35.90, with the RSI for the last a single of trading hit 33.14, and the three-weeks RSI is set at 38.56 for Hess Corporation [HES]. The present Moving Average for the last 50 days of trading for this stock 112.18, while it was recorded at 96.66 for the last single week of trading, and 96.00 for the last 200 days.

Hess Corporation [HES]: An insightful look at the core fundamentals

Hess Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.30 and a Current Ratio set at 1.40.

Earnings per share (EPS) analysis for Hess Corporation [HES] stock

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. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Hess Corporation go to 69.35%.

Hess Corporation [HES]: Insider Ownership positions

There are presently around $25,206 million, or 85.70% of HES stock, in the hands of institutional investors. The top three institutional holders of HES stocks are: FMR LLC with ownership of 46,456,280, which is approximately 12.503% of the company’s market cap and around 0.40% of the total institutional ownership; VANGUARD GROUP INC, holding 30,928,530 shares of the stock with an approximate value of $2.97 billion in HES stocks shares; and BLACKROCK INC., currently with $2.51 billion in HES stock with ownership of nearly 14.632% 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 349 institutional holders increased their position in Hess Corporation [NYSE:HES] by around 32,217,587 shares. Additionally, 256 investors decreased positions by around 25,525,255 shares, while 86 investors held positions by with 205,015,991 shares. The mentioned changes placed institutional holdings at 262,758,833 shares, according to the latest SEC report filing. HES stock had 128 new institutional investments in for a total of 6,392,734 shares, while 52 institutional investors sold positions of 692,664 shares during the same period.