Hess Corporation (HES): Spotlighting on The Keys fundamentals


Hess Corporation (NYSE:HES) changes shares on Tuesday trading session, with a change of 1.69% or $0.84 shares. The trading starts at $49.65 and closed at $49.84 throughout the day. The trading session low price was $49.65 and day high was $50.84 on Tuesday, August 04. After the session, the Energy sector daily volume shifted to 1.67 million while its average volume is 2.38M. In other hand, the HES market cap reached to $15.04B. While, its current target price is $56.91.

On July 29, 2020, Hess posts smaller-than-expected loss on higher output, lower costs. According to the news reported on Reuters, U.S. oil and gas producer Hess Corp reported a smaller-than-expected quarterly loss on Wednesday, as higher output and lower costs helped offset a plunge in oil prices due to the coronavirus crisis, sending its shares 3% higher.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is up 5.36% and up 2.40% for month. Its quarterly performance was 9.84% above, while its half year performance is down -12.12%. HES yearly performance stood at negative -13.84% and fall -24.14% for year-to-date. Current recommendation for Hess Corporation is 2.10.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. HES EPS (TTM) for 12-month is -10.49. EPS for this year is -24.40%, while for the next year its value is -2.42. It has an EPS of -17.70% down for past five years.

Let’s take a look on the analyst recommendations on HES for the current month and previous month. For the current month, 15 of 26 analysts recommend stock as Buy while 0 as Sell, 2 as overweight, 0 as underweight and 9 as Hold. As compared with the previous month ratings, 26 analysts participate in stock recommendation. Out of 26, 0 rated it sell, 14 rated it as Buy and 10 as Hold Ratings. On the other hand, target price ranges from $48.00 – $71.00. Average target price for HES was reached at $56.70.

The insider ownership moved to 0.80% and institutional holding shifted to 91.60%.

The company posted an EPS (TTM) of -10.49. According to the most recent quarter report on (Sep 2020), 20 analysts estimated an average EPS of -0.56, while -0.32 EPS posted a year ago period. Analyst Estimated EPS for HES published in the report was -$0.9 – -$0.02 during the same period. Comparing with last year, the average estimated EPS was -0.32 which is higher than -1.05 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for HES fall -6.03% for period of 200 days. SMA for 50 days was 1.09% which is showing green signal, while SMA-20 was 4.03%. The moving average value for Hess Corporation (HES) is 48.03 and 49.58 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in HES stock. On Jun 09, Slentz Andrew P, Senior Vice President, sold 4,200 trading shares at the cost of $57.58, which valued at 0.24 million. On Jun 02, Hill Gregory P., COO and President, E&P, sold 19,500 shares at the cost of $51.68, with total shares of 108,813. On Mar 09, Goodell Timothy B., SVP, Gen. Counsel & Secretary, sold 3,968 shares at the cost of 32.39. After this transaction, Goodell Timothy B. total shares reached to 137,249 which valued at 0.13 million.