Hess Corporation [NYSE: HES] stock went on an upward path that rose over 0.44% on Tuesday, amounting to a one-week price decrease of less than -2.43%.
Over the last 12 months, HES stock rose by 17.77%. The one-year Hess Corporation stock forecast points to a potential upside of 14.46. The average equity rating for HES stock is currently 2.38, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $46.85 billion, with 307.16 million shares outstanding and 278.69 million shares in the current float. Compared to the average trading volume of 2.58M shares, HES stock reached a trading volume of 4061026 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 $177.75 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 2.38. 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 Buy, with their previous recommendation back on November 07, 2023. While these analysts kept the previous recommendation, Bernstein dropped their target price from $189 to $166. The new note on the price target was released on November 02, 2023, representing the official price target for Hess Corporation stock. Previously, the target price had yet another raise to $184, while UBS analysts kept a Buy rating on HES stock. On January 27, 2023, analysts increased their price target for HES shares from 161 to 170.
The Average True Range (ATR) for Hess Corporation is set at 2.86, with the Price to Sales ratio for HES stock in the period of the last 12 months amounting to 4.05. The Price to Book ratio for the last quarter was 4.75, with the Price to Cash per share for the same quarter was set at 4.67.
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 -2.43. With this latest performance, HES shares dropped by -6.45% in over the last four-week period, additionally plugging by 4.57% over the last 6 months – not to mention a rise of 17.77% 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 40.69, with the RSI for the last a single of trading hit 36.29, and the three-weeks RSI is set at 44.44 for Hess Corporation [HES]. The present Moving Average for the last 50 days of trading for this stock 155.32, while it was recorded at 151.93 for the last single week of trading, and 149.80 for the last 200 days.
Insight into Hess Corporation Fundamentals:
Hess Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 1.23.
HES Stock EPS
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 7.95%.
Hess Corporation [HES] Institutonal Ownership Details
The top three institutional holders of HES stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in HES stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in HES stock with ownership which is approximately 5.8386%.
