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Saturday, June 3, 2023

Is Hess Corporation (NYSE: HES) The Best Stock To Invest In?

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 broken, with the stock’s consolidated last price falling by -$0.42, or -0.32%, to $132.37. The Hess Corporation has recorded 17,578 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Hess Sanctions Uaru Development Offshore Guyana.

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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 $132.79 and fluctuated between $134.34 as its day high and $131.63 as its day low. The current market capitalization of Hess Corporation is $40.69B. A total of 1.44 million shares were traded on the day, compared to an average of 1.73M 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 25 BUY and 18 SELL insider trades, representing the acquisition of 376,073 and the disposition of 397,530 shares. Over the last 12 months, there were 41 BUYs and 41 SELLs from insiders. Insiders purchased 822,329 shares during that period but sold 1,001,972.

In the most recent transaction, Hill Gregory P. sold 7,500 shares of HES for 132.40 per share on Mar 29. After the transaction, the COO and President, E&P now owns 116,346 company shares. In a previous transaction on Mar 07, Lynch Richard D. sold 33,191 shares at 138.84 per share. HES shares that Senior Vice President owns now total 23,622.

Among the insiders who sold shares, Hill Gregory P. disposed of 6,123 shares on Mar 07 at a per-share price of $137.41. This resulted in the COO and President, E&P holding 123,846 shares of HES after the transaction. In another insider transaction, Goodell Timothy B. sold 3,527 shares at $137.41 per share on Mar 07. Company shares held by the EVP, Gen. Counsel & Secretary now total 138,338.


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 $1.75, resulting in a dividend yield of 1.32%, and it has a price to earnings (P/E) ratio of 20.27. HES’s most recent ex-dividend date was 3/10/2023 when it declared a $0.4380 quarterly dividend that was paid in cash on 3/30/2023. Previously, the company paid the dividend on 12/29/2022 with an ex-dividend date of 12/16/2022. 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 $163.27 with high estimates of $200.00 and low estimates of $142.00. In terms of 52-week highs and lows, HES has a high of $160.52 and a low of $90.34.

As of this writing, HES has an earnings estimate of $1 per share for the current quarter. EPS was calculated based on a consensus of 15 estimates, with a high estimate of $1.49 per share and a lower estimate of $0.59. The company reported an EPS of $1.78 in the last quarter, which was 8.50% higher than expectations of $1.64.

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. HES’s latest balance sheet shows that the firm has $2.71B in Cash & Short Term Investments as of fiscal 2021. There were $9.14B in debt and $3.06B in liabilities at the time. Its Book Value Per Share was $26.63, while its Total Shareholder’s Equity was $7.03B.

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, 0 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 Buy with a score of 4.00.

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