Hess Corporation (NYSE:HES) shares traded 1.15% higher at $147.34 on Wall Street last session.
In accordance with the data, 25 analysts cover Hess Corporation (NYSE:HES). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $205.00 and a low of $143.00, we find $155.00. Given the previous closing price of $145.66, this indicates a potential upside of 6.41 percent. HES stock price is now 9.62% away from the 50-day moving average and 6.79% away from the 200-day moving average. The market capitalization of the company currently stands at $44.65B.
It has been rated a hold by 10 analysts and a buy by 11. Brokers who have rated the stock have averaged $161.67 as their price target over the next twelve months.
With the price target of $184, UBS recently initiated with Buy rating for Hess Corporation (NYSE: HES).
In other news, HESS CORP, Director sold 6,382,500 shares of the company’s stock on May 19. The stock was sold for $166,710,900 at an average price of $26.12. Upon completion of the transaction, the Director now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 29, COO and President, E&P Hill Gregory P. sold 7,500 shares of the business’s stock. A total of $993,000 was realized by selling the stock at an average price of $132.40. This leaves the insider owning 116,346 shares of the company worth $17.14 million. Insiders disposed of 981,935 shares of company stock worth roughly $144.68 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in HES stock. A new stake in Hess Corporation shares was purchased by CYPRESS FUNDS LLC during the first quarter worth $36,437,000. MARSHALL WACE, LLP invested $17,034,000 in shares of HES during the first quarter. In the first quarter, QUBE RESEARCH & TECHNOLOGIES LTD acquired a new stake in Hess Corporation valued at approximately $12,536,000. WEISS MULTI-STRATEGY ADVISERS LLC acquired a new stake in HES for approximately $6,115,000. TEAMWORK FINANCIAL ADVISORS, LLC purchased a new stake in HES valued at around $4,390,000 in the second quarter. In total, there are 1,013 active investors with 88.40% ownership of the company’s stock.
Hess Corporation (NYSE: HES) opened at $144.35 on Tuesday. During the past 12 months, Hess Corporation has had a low of $98.27 and a high of $160.52. As of last week, the company has a debt-to-equity ratio of 1.05, a current ratio of 1.60, and a quick ratio of 1.50. According to the stock market information, the enterprise value for the company is $52.36B, which is based on a 22.49 price-to-earnings ratio, a 2.83 price-to-earnings-growth ratio, and a beta of 1.59. The fifty day moving average price for HES is $134.71 and a two-hundred day moving average price translates $138.07 for the stock.
The latest earnings results from Hess Corporation (NYSE: HES) was released for Mar, 2023. According to the Oil & Gas E&P Company, earnings per share came in at $1.13, beating analysts’ expectations of $1.06 by 0.07. This compares to $1.34 EPS in the same period last year. The net profit margin was 17.70% and return on equity was 26.40% for HES. The company reported revenue of $2.45 billion for the quarter, compared to $2.37 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.46 percent. For the current quarter, analysts expect HES to generate $2.09B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/30/2023. Investors who held shares on 06/15/2023 were paid a $0.4375 dividend. On an annualized basis, this represents a $1.75 dividend and a 1.19% percent yield. There was an ex-dividend date of 06/14/2023 for this dividend. In terms of dividend payout ratio, HES is presently at 23.70%.
Hess Corporation(HES) Company Profile
Hess Corporation, an exploration and production company, explores, develops, produces, purchases, transports, and sells crude oil, natural gas liquids (NGLs), and natural gas. The company operates in two segments, Exploration and Production, and Midstream. It conducts production operations primarily in the United States, Guyana, the Malaysia/Thailand Joint Development Area, and Malaysia; and exploration activities principally offshore Guyana, the U.S. Gulf of Mexico, and offshore Suriname and Canada. The company is also involved in gathering, compressing, and processing natural gas; fractionating NGLs; gathering, terminaling, loading, and transporting crude oil and NGL through rail car; and storing and terminaling propane, as well as providing water handling services primarily in the Bakken Shale plays in the Williston Basin area of North Dakota. The company was incorporated in 1920 and is headquartered in New York, New York.
