Hess Corporation [NYSE: HES] closed the trading session at $129.02.
The stocks have a year to date performance of -10.50 percent and weekly performance of -5.65 percent. The stock has been moved at -9.79 percent over the last six months. The stock has performed -1.80 percent around the most recent 30 days and changed -12.24 percent over the most recent 3-months.
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If compared to the average trading volume of 1.72M shares, HES reached to a volume of 3583795 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 $167.42 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 2.44. 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.
Wolfe Research have made an estimate for Hess Corporation shares, keeping their opinion on the stock as Peer Perform, with their previous recommendation back on July 18, 2024. The new note on the price target was released on November 07, 2023, representing the official price target for Hess Corporation stock. Previously, the target price had yet another drop from $189 to $166, while Bernstein kept a Mkt Perform rating on HES stock.
The Average True Range (ATR) for Hess Corporation is set at 2.95, with the Price to Sales ratio for HES stock in the period of the last 12 months amounting to 3.20. The Price to Book ratio for the last quarter was 3.79, with the Price to Cash per share for the same quarter was set at 6.57. Price to Free Cash Flow for HES in the course of the last twelve months was 72.28 with Quick ratio for the last quarter at 1.14.
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 -5.65. With this latest performance, HES shares dropped by -1.80% in over the last four-week period, additionally sinking by -9.79% over the last 6 months – not to mention a drop of -18.25% 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 30.27, with the RSI for the last a single of trading hit 24.36, and the three-weeks RSI is set at 33.73 for Hess Corporation [HES]. The present Moving Average for the last 50 days of trading for this stock 142.37, while it was recorded at 134.12 for the last single week of trading, and 146.61 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 1.14 and a Current Ratio set at 1.27.
Earnings per share (EPS) analysis for Hess Corporation [HES] stock
With the latest financial reports released by the company, Hess Corporation posted 1.64/share EPS, while the average EPS was predicted by analysts to be reported at 1.12/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.52. 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]: Institutional Ownership
There are presently around $80.90%, or 89.37%% of HES stock, in the hands of institutional investors. The top three institutional holders of HES stocks are: VANGUARD GROUP INC with ownership of 33.81 million shares, which is approximately 11.0362%. BLACKROCK INC., holding 25.16 million shares of the stock with an approximate value of $$3.71 billion in HES stocks shares; and BLACKROCK INC., currently with $$2.64 billion in HES stock with ownership which is approximately 5.8332%.
