Stock analysts at Piper Sandler upped their rating on shares of Hess Corporation (NYSE:HES) from Neutral to a new rating of Overweight in their opinion released on February 03. Scotiabank analysts bumped their recommendation on HES stock from prior rating of Sector Underperform to Sector Outperform in a separate flash note to investors on January 30.
Let’s take a glimpse at some insider activity at Hess Corporation (NYSE:HES) and observe the pattern. The earliest insider trade happened on 01/07/2020. RIELLY JOHN P parted with a total of 49.74 thousand shares of the firm at average share price of $70.54. The total amount for the sale was set at $3.51 million. On completing this exchange, the Senior Vice President and CFO account balance was 222.28 thousand shares. The stock lost -16.23 percent from that insider sale. On 01/07/2020, Goodell Timothy B., SVP, Gen. Counsel & Secretary, did a sale of 49.74 thousand shares at a price of $70.19 per share. This got rid of 3.49 million shares from the insider’s fortune and the stock experienced a -15.81 percent retreat in price since the news became public. This exchange saw 109.54 thousand shares get out from the SVP, Gen. Counsel & Secretary account. On 12/23/2019, COO and President, E&P Hill Gregory P. recorded a sale transaction valued at $2.75 million. The sale at $66.46 a share has eliminated 41.31 thousand shares from the insider’s portfolio position. Meanwhile, shares price witnessed -11.09 percent decrease since the transaction reporting date. The company insider is left with 55.17 thousand shares remaining in the account. Lynch Richard D., who works as Senior Vice President at the company, performed a sale of 36.33 thousand shares in a transaction worth $2.68 million. The disposal recorded on 11/12/2019 was priced at $73.75 per share. The stock price plunged -19.88 percent since the transaction. Lynch Richard D. currently holds a stake of 15.25 thousand in HES stock which is worth $900.89 thousand after the insider selling.
Hess Corporation (HES) is most likely going to rise 26.49 percent in the coming 12 months, as per price target approximations compiled by finviz. Nevertheless, they have set the price target at a $88 as 12-month high price target. This represents a whopping 48.93 percent increase from the current trading price of shares. The 52-week median price target given by the analysts is $75, which means a return possibility of 26.93 percent in comparison with the closing price of the stock of $59.09 in recent trading session. The lowest price set for the stock is $60 which is just above 1.54 percent from HES share’s price at the end of session.
The stock is lingering around the initial support level of $56.87. After this, the following support is at the zone of $56.06. Up until the time the HES stock hit levels beyond the current one, bulls should have no alarm. In terms of its momentum, the stock’s RSI hit 37.04 on the daily chart, and this may be a cause for comfort. In case the price goes below $56.06 level on closing basis, there may be more profit booking with the stock growing weaker. Still, getting to the $58.49 level may cause a pull-back move approaching $59.3 mark.
In the recent trading session, Hess Corporation (NYSE:HES) shares gained 2.46% or 1.42 points to reach at $59.09 with a thin trading volume of 1.424 million shares. It opened the trading session at $57.7, the shares rose to $58.5 and dropped to $56.88, the range by which the price of stock traded the whole session. The company now has a market cap of $18.2 billion and currently has 315.43 million outstanding shares. Hess Corporation (HES) stock has plunged -17.43 percent of market value in 21 trading days.
HES stock’s trailing 3-year beta is 2.01, meaning there will be a greater rate of return, although posing a higher risk. The part of a firm’s profit given to each outstanding share of regular stock was -$1.36 share in the trailing 52 weeks. The stock’s value fallen -13.68 percent year to date (YTD) compared to a rise of 3.59 percent in 52 week’s period. The firm’s shares are still trading -20.27 percent below its 1-year high of $74.11 and 15.64 percent up from 52-week low of $51.10. The average consensus ranking on the company is 2.5, on a ranging where 5 is equal to a consensus sell rating. In other words, the mean analyst recommendations are ranking this stock as a sell.
Hess Corporation (HES) shares are trading at a P/E ratio of -41.36 times earnings posted in the trailing 12 months. The industry HES deals with has an average P/E of 23.15. Its P/B ratio is standing at 1.97X compared to the 1.4 industry average. It is additionally sporting a 3.13 on the Price-to-Sales ratio, compared to the industry’s P/S average of 0.13. Hess Corporation has a 70.4% gross profit margin, with its operating margin around 12%. Alongside this, the company’s net profit margin currently stands at -0.7%.
Past records have indicated that shares in Hess Corporation rose on 21 different earnings reaction days and we have yet to see whether this trend will play out and remain in place when the company reports upcoming earnings. Investors will get the next hint of HES’s Q1 earnings on April 22. Analysts are predicting revenue to climb 2.5 percent to $1.64B in the financial first quarter, while EPS will soar by about -355.56 percent to -$0.23 per share. In the last quarter, it’s earnings of -$0.32 per share came worse than the -$0.31394, adjusted, expected by Thomson Reuters consensus estimate. Revenue for the quarter was $1.52B, missing the $1.52B analysts had expected. Earnings are seen to rise by 91.6 percent this year, 1560 percent in the coming year.