A new trading day began on Monday, with Hess Corporation (NYSE: HES) stock price up 2.04% from the previous day of trading, before settling in for the closing price of $126.30. HES’s price has ranged from $125.89 to $167.75 over the past 52 weeks.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
Energy Sector giant saw their annual sales surged by 20.14% over the last five years. Meanwhile, its annual earnings per share averaged 111.46%. With a float of $278.79 million, this company’s outstanding shares have now reached $307.16 million.
The firm has a total of 1756 workers. Let’s measure their productivity. In terms of profitability, gross margin is 45.93%, operating margin of 35.81%, and the pretax margin is 32.98%.
Hess Corporation (HES) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Oil & Gas E&P Industry. The insider ownership of Hess Corporation is 9.52%, while institutional ownership is 81.65%. The most recent insider transaction that took place on Mar 20 ’24, was worth 2,103,130. In this transaction Senior Vice President of this company sold 13,921 shares at a rate of $151.08, taking the stock ownership to the 33,581 shares. Before that another transaction happened on Mar 19 ’24, when Company’s Senior Vice President sold 20,254 for $151.08, making the entire transaction worth $3,060,074. This insider now owns 43,788 shares in total.
Hess Corporation (HES) Earnings and Forecasts
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 1.64 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.42 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 111.46% per share during the next fiscal year.
Hess Corporation (NYSE: HES) Trading Performance Indicators
Here are Hess Corporation’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.14. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.20. Likewise, its price to free cash flow for the trailing twelve months is 72.20.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 8.59, a number that is poised to hit 2.47 in the next quarter and is forecasted to reach 11.10 in one year’s time.
Technical Analysis of Hess Corporation (HES)
Analysing the last 5-days average volume posted by the [Hess Corporation, HES], we can find that recorded value of 2.23 million was lower than the volume posted last year of 2.27 million. As of the previous 9 days, the stock’s Stochastic %D was 8.76%. Additionally, its Average True Range was 3.08.
During the past 100 days, Hess Corporation’s (HES) raw stochastic average was set at 7.85%, which indicates a significant decrease from 20.40% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 22.05% in the past 14 days, which was lower than the 24.99% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $141.58, while its 200-day Moving Average is $146.44. Now, the first resistance to watch is $130.31. This is followed by the second major resistance level at $131.74. The third major resistance level sits at $133.67. If the price goes on to break the first support level at $126.95, it is likely to go to the next support level at $125.02. Should the price break the second support level, the third support level stands at $123.59.
Hess Corporation (NYSE: HES) Key Stats
With a market capitalization of 39.71 billion, the company has a total of 308,109K Shares Outstanding. Currently, annual sales are 10,645 M while annual income is 1,382 M. The company’s previous quarter sales were 3,255 M while its latest quarter income was 757,000 K.
