After finishing at $149.33 in the prior trading day, Hess Corporation (NYSE: HES) closed at $149.34, up 0.01%. In other words, the price has increased by $+0.01 from its previous closing price. On the day, 2420468 shares were traded.
Ratios:
Our goal is to gain a better understanding of HES by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.96 and its Current Ratio is at 1.05. In the meantime, Its Debt-to-Equity ratio is 1.07 whereas as Long-Term Debt/Eq ratio is at 0.99.
On November 02, 2023, Bernstein Downgraded its rating to Mkt Perform which previously was Outperform and also lowered its target price recommendation from $189 to $166.
On April 19, 2023, UBS started tracking the stock assigning a Buy rating and target price of $184.UBS initiated its Buy rating on April 19, 2023, with a $184 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 20 ’24 when Schoonman Geurt G sold 13,921 shares for $151.08 per share. The transaction valued at 2,103,130 led to the insider holds 33,581 shares of the business.
Slentz Andrew P sold 20,254 shares of HES for $3,060,074 on Mar 19 ’24. The Senior Vice President now owns 43,788 shares after completing the transaction at $151.08 per share. On Mar 07 ’24, another insider, Hill Gregory P., who serves as the COO and President, E&P of the company, sold 4,708 shares for $144.52 each. As a result, the insider received 680,400 and left with 125,670 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, HES now has a Market Capitalization of 45.87B and an Enterprise Value of 53.78B. As of this moment, Hess’s Price-to-Earnings (P/E) ratio for their current fiscal year is 33.24, and their Forward P/E ratio for the next fiscal year is 14.76. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.18. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.29 while its Price-to-Book (P/B) ratio in mrq is 5.10. Its current Enterprise Value per Revenue stands at 5.12 whereas that against EBITDA is 10.46.
Stock Price History:
Over the past 52 weeks, HES has reached a high of $167.75, while it has fallen to a 52-week low of $117.32. The 50-Day Moving Average of the stock is 144.76, while the 200-Day Moving Average is calculated to be 146.24.
Shares Statistics:
The stock has traded on average 2.79M shares per day over the past 3-months and 2.48M shares per day over the last 10 days, according to various share statistics. A total of 307.16M shares are outstanding, with a floating share count of 277.39M. Insiders hold about 9.69% of the company’s shares, while institutions hold 81.33% stake in the company. Shares short for HES as of Feb 29, 2024 were 6.41M with a Short Ratio of 2.30, compared to 6.1M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.09% and a Short% of Float of 3.18%.
Dividends & Splits
In the trailing 12 months, HES’s forward annual dividend rate was 1.75, compared to 1.75 this year. Against a Trailing Annual Dividend Yield of 1.17%, it implies a Forward Annual Dividend Yield of 1.17%. The stock’s 5-year Average Dividend Yield is 1.45. The current Payout Ratio is 38.95% for HES, which recently paid a dividend on Mar 28, 2024 with an ex-dividend date of Mar 15, 2024. Stock splits for the company last occurred on Jun 01, 2006 when the company split stock in a 3:1 ratio.
Earnings Estimates
Its stock is currently analyzed by 12 different market analysts. On average, analysts expect EPS of $1.45 for the current quarter, with a high estimate of $1.87 and a low estimate of $1.1, while EPS last year was $1.13. The consensus estimate for the next quarter is $1.61, with high estimates of $2.34 and low estimates of $1.1.
Analysts are recommending an EPS of between $11.63 and $4.58 for the fiscal current year, implying an average EPS of $6.98. EPS for the following year is $9.43, with 13 analysts recommending between $15.67 and $3.43.
Revenue Estimates
5 analysts predict $2.87B in revenue for the current quarter. It ranges from a high estimate of $3.08B to a low estimate of $2.62B. As of the current estimate, Hess Corporation’s year-ago sales were $2.45B, an estimated increase of 17.00% from the year-ago figure. For the next quarter, 5 analysts are estimating revenue of $2.98B, an increase of 28.60% over than the figure of $17.00% in the same quarter last year. There is a high estimate of $3.06B for the next quarter, whereas the lowest estimate is $2.87B.
A total of 7 analysts have provided revenue estimates for HES’s current fiscal year. The highest revenue estimate was $13.78B, while the lowest revenue estimate was $9.8B, resulting in an average revenue estimate of $11.98B. In the same quarter a year ago, actual revenue was $10.64B, up 12.60% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $13.45B in the next fiscal year. The high estimate is $16.99B and the low estimate is $11.03B. The average revenue growth estimate for next year is up 12.20% from the average revenue estimate for this year.
