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Tuesday, March 21, 2023

Hess Corporation (NYSE: HES) Could Achieve Gains In The Near Future

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Hess Corporation (HES) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.03, or 0.02%, to $151.80. The Hess Corporation has recorded 59,243 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Hess Reports Estimated Results for the Fourth Quarter of 2022.

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Stocks Info

Hess Corporation is listed on the NYSE in the Energy sector while operating in the Oil & Gas E&P industry. At the end of the last regular session, the stock closed at $151.77 and fluctuated between $155.00 as its day high and $151.50 as its day low. The current market capitalization of Hess Corporation is $48.05B. A total of 1.59 million shares were traded on the day, compared to an average of 1.76M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, HES has seen 3 BUY and 4 SELL insider trades, representing the acquisition of 78,069 and the disposition of 91,270 shares. Over the last 12 months, there were 58 BUYs and 64 SELLs from insiders. Insiders purchased 790,351 shares during that period but sold 1,540,695.

In the most recent transaction, Slentz Andrew P sold 37,419 shares of HES for 148.21 per share on Nov 07. After the transaction, the Senior Vice President now owns 29,327 company shares. In a previous transaction on Nov 01, Hill Gregory P. sold 53,851 shares at 143.45 per share. HES shares that COO and President, E&P owns now total 78,434.

Among the insiders who sold shares, Slentz Andrew P disposed of 12,420 shares on Sep 02 at a per-share price of $120.99. This resulted in the Senior Vice President holding 29,327 shares of HES after the transaction. In another insider transaction, Schoonman Geurt G sold 12,000 shares at $123.73 per share on Aug 25. Company shares held by the Senior Vice President now total 26,391.


The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Hess Corporation pays an annual dividend of $1.50, resulting in a dividend yield of 0.99%, and it has a price to earnings (P/E) ratio of 21.13. HES’s most recent ex-dividend date was 12/16/2022 when it declared a $0.3750 quarterly dividend that was paid in cash on 12/29/2022. Previously, the company paid the dividend on 9/30/2022 with an ex-dividend date of 9/16/2022. The HES stock dividend was $0.3750 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for HES in the last 3 months, the mean price target is $161.74 with high estimates of $200.00 and low estimates of $130.00. In terms of 52-week highs and lows, HES has a high of $160.52 and a low of $88.70.

As of this writing, HES has an earnings estimate of $2.01 per share for the current quarter. EPS was calculated based on a consensus of 20 estimates, with a high estimate of $2.79 per share and a lower estimate of $1.38. The company reported an EPS of $2.15 in the last quarter, which was 0.50% higher than expectations of $2.14.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 27 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for HES is Sell with a score of 4.08. A total of 10 analysts rated the stock as Buy while 4 rated it as Overweight while 11 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 2 thought it should be Sold.

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