After Hours
There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Yahoo Finance discussed the stock recently as it posted Hess Schedules Earnings Release Date.
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Stocks Info
This NYSE-listed company operates within the Oil & Gas E&P industry segment, falling under the Energy sector. At the end of the last regular session, the stock closed at $138.09 and fluctuated between $139.15 as its day high and $136.73 as its day low. The current market capitalization of Hess Corporation is $42.42B. A total of 2.69 million shares were traded on the day, compared to an average of 4.01M shares.
Insider Activity
Insider trades can also provide insight into a stock’s future direction. During the recent three months, HES has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 36 BUYs and 35 SELLs from insiders. Insiders purchased 734,517 shares during that period but sold 919,731.
In the most recent transaction, Lowery-Yilmaz Barbara J sold 24,319 shares of HES for 156.91 per share on Sep 01. After the transaction, the Senior Vice President now owns 113,670 company shares. In a previous transaction on Sep 01, Slentz Andrew P sold 24,312 shares at 156.64 per share. HES shares that Senior Vice President owns now total 34,268.
Among the insiders who sold shares, Hill Gregory P. disposed of 33,414 shares on Jul 31 at a per-share price of $151.33. This resulted in the COO and President, E&P holding 82,932 shares of HES after the transaction. In another insider transaction, HESS CORP sold 6,382,500 shares at $26.12 per share on May 19. Company shares held by the Director now total 0.
Dividend
The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Hess Corporation pays an annual dividend of $1.75, resulting in a dividend yield of 1.27%, and it has a price to earnings (P/E) ratio of 26.68. HES’s most recent ex-dividend date was 12/15/2023 when it declared a $0.4375 quarterly dividend that was paid in cash on 12/29/2023. Previously, the company paid the dividend on 9/29/2023 with an ex-dividend date of 9/15/2023. The HES stock dividend was $0.4375 per share in cash.
Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for HES in the last 3 months, the mean price target is $167.33 with high estimates of $196.00 and low estimates of $150.00. In terms of 52-week highs and lows, HES has a high of $167.75 and a low of $113.82.
As of this writing, HES has an earnings estimate of $Hasbro, Inc. per share for the current quarter. EPS was calculated based on a consensus of Hawaiian Electric Industries, I estimates, with a high estimate of $Western Midstream Partners, LP per share and a lower estimate of $Eversource Energy (D/B/A).
Balance Sheet Annually/Quarterly
In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. 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 $28.10, while its Total Shareholder’s Equity was $7.03B.
Analysts Opinion
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. 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 3.57.
