Hess Corporation (NYSE: HES): Is It A Buying Opportunity Again?

After Hours

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. Recently, Yahoo Finance discussed the stock, revealing that Hess Schedules Earnings Release Date.

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Stocks Info

Hess Corporation is listed on the NYSE as a member of the Energy sector and is a part of the Oil & Gas E&P industry. The current market capitalization of Hess Corporation is $48.36B. A total of 2.04 million shares were traded on the day, compared to an average of 2.77M shares.

In the most recent transaction, Schoonman Geurt G sold 13,921 shares of HES for 151.08 per share on Mar 20 ’24. After the transaction, the Senior Vice President now owns 33,581 company shares. In a previous transaction on Mar 19 ’24, Slentz Andrew P sold 20,254 shares at 151.08 per share. HES shares that Senior Vice President owns now total 43,788.

Among the insiders who sold shares, Hill Gregory P. disposed of 4,708 shares on Mar 07 ’24 at a per-share price of $144.52. This resulted in the COO and President, E&P holding 125,670 shares of HES after the transaction. In another insider transaction, Goodell Timothy B. sold 2,701 shares at $144.52 per share on Mar 07 ’24. Company shares held by the EVP, Gen Counsel & Secretary now total 162,144.

Dividend

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Hess Corporation pays an annual dividend of $1.75, resulting in a dividend yield of 1.11%, and it has a price to earnings (P/E) ratio of 35.05. 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.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, HES has a high of $167.75 and a low of $124.27.

As of this writing, HES has an earnings estimate of $1.54 per share for the current quarter. EPS was calculated based on a consensus of 12 estimates, with a high estimate of $2.15 per share and a lower estimate of $1.1. 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

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s 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 $29.26, while its Total Shareholder’s Equity was $7.03B.

Analysts Opinion

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. 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 3.43.

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