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As of close of business last night, Hess Corporation’s stock clocked out at $145.78, down -0.58% from its previous closing price of $146.63. In other words, the price has decreased by -$0.58 from its previous closing price. On the day, 1.41 million shares were traded. HES stock price reached its highest trading level at $147.14 during the session, while it also had its lowest trading level at $144.55.
Ratios:
To gain a deeper understanding of HES’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.10 and its Current Ratio is at 1.23. In the meantime, Its Debt-to-Equity ratio is 0.98 whereas as Long-Term Debt/Eq ratio is at 0.91.
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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. 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 45178388480 and an Enterprise Value of 53635706880. As of this moment, Hess’s Price-to-Earnings (P/E) ratio for their current fiscal year is 22.35, and their Forward P/E ratio for the next fiscal year is 13.04. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.81. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.88 while its Price-to-Book (P/B) ratio in mrq is 4.55. Its current Enterprise Value per Revenue stands at 4.795 whereas that against EBITDA is 9.024.
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 $131.61. The 50-Day Moving Average of the stock is -4.14%, while the 200-Day Moving Average is calculated to be -1.89%.
Shares Statistics:
It appears that HES traded 2.18M shares on average per day over the past three months and 1549470 shares per day over the past ten days. A total of 307.16M shares are outstanding, with a floating share count of 278.79M. Insiders hold about 9.52% of the company’s shares, while institutions hold 78.68% stake in the company. Shares short for HES as of 1718323200 were 6225681 with a Short Ratio of 2.86, compared to 1715731200 on 6145945. Therefore, it implies a Short% of Shares Outstanding of 6225681 and a Short% of Float of 2.53.
Dividends & Splits
With its trailing 12-month dividend rate of 1.75, HES has a forward annual dividend rate of 1.75. Against a Trailing Annual Dividend Yield of 0.011934802The stock’s 5-year Average Dividend Yield is 1.42.
