An Evaluation Of Hess Corporation (NYSE: HES) Prospects

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Yahoo Finance discussed the stock recently as it posted Hess Achieves CDP Climate Change Leadership Status.

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Stocks Info

As a NYSE listed company, HES falls under the Energy sector while operating within the Oil & Gas E&P industry segment. The current market capitalization of Hess Corporation is $46.28B. A total of 1.74 million shares were traded on the day, compared to an average of 2.89M shares.

In the most recent transaction, Hill Gregory P. sold 4,708 shares of HES for 144.52 per share on Mar 07 ’24. After the transaction, the COO and President, E&P now owns 125,670 company shares. In a previous transaction on Mar 07 ’24, Goodell Timothy B. sold 2,701 shares at 144.52 per share. HES shares that EVP, Gen Counsel & Secretary owns now total 162,144.

Among the insiders who sold shares, RIELLY JOHN P disposed of 2,596 shares on Mar 07 ’24 at a per-share price of $144.52. This resulted in the EVP and CFO holding 335,200 shares of HES after the transaction. In another insider transaction, Lowery-Yilmaz Barbara J sold 1,430 shares at $144.52 per share on Mar 07 ’24. Company shares held by the Senior Vice President now total 133,691.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Hess Corporation pays an annual dividend of $1.31, resulting in a dividend yield of 0.87%, and it has a price to earnings (P/E) ratio of 33.54. HES’s most recent ex-dividend date was 3/15/2024 when it declared a $0.4375 quarterly dividend that was paid in cash on 3/28/2024. Previously, the company paid the dividend on 12/29/2023 with an ex-dividend date of 12/15/2023. The HES stock dividend was $0.4375 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. 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 $1.44 per share for the current quarter. EPS was calculated based on a consensus of 13 estimates, with a high estimate of $1.87 per share and a lower estimate of $1.06. The company reported an EPS of $1.64 in the last quarter, which was 46.40% higher than expectations of $1.12.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s 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 $29.26, 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 3.53.

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