Analysts Give Hess Corporation (HES) Mixed Reviews

Analysts at Stephens, assumed coverage of Hess Corporation (NYSE:HES) with Overweight recommendation, according to their opinion released on December 06. Analysts at Barclays issued an upgrade from Underweight to Equal Weight for the stock, in a research note that dated back to October 30.

By watching the trading activity of corporate insiders, it will become easier to get a sense of Hess Corporation (NYSE:HES)’s prospects. The earliest insider trade took place on 11/21/2018. Turner Michael R parted with a total of 4.14 thousand shares of company at average share price of $56.82. The total for the sales was set at $235.35 thousand. After this transaction, the Senior Vice President account balance stood at 87.91 thousand shares. The stock lost -9.77 percent since that insider sale. On 08/02/2018, Hill Gregory P., COO and President, E&P, sold 11.48 thousand shares at a price per share of $65.69. This removed 754.12 thousand shares from the insider’s fortune and the stock saw a -21.95 percent retreat in value since the news became public. This transaction left 65.03 thousand shares in the COO and President, E&P account. On 06/29/2018, Senior Vice President Turner Michael R performed a sale transaction worth $696.11 thousand. This sale at $67.96 each has eliminated 10.24 thousand shares from the insider’s portfolio position. Meanwhile, shares have recorded -24.56 percent decrease since the transaction was reported. The insider now is left with 92.05 thousand shares remaining in the account. Goodell Timothy B., who performs the SVP, Gen. Counsel & Secretary job, sold 3.81 thousand shares for $181.11 thousand. The disposal occurred on 03/07/2018 was priced at $47.56 per share. The share price soared 7.8 percent since the reporting date. Goodell Timothy B. now left with a stake of 103.06 thousand HES stock worth $5.28 million after the insider selling.

Hess Corporation (HES) is expected to jump by 25.67 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $87-month high price target. This represents a whopping 69.69 percent increase from where shares are trading today. The 12-month median price target assigned by the analysts stands at $62, which represents a return potential of 20.93 percent when compared to the closing price of the stock of $51.27 on Friday, January 11. The lowest price target for the stock is $35 — slightly more than -31.73 percent from HES’s current share price.

The shares are currently floating around the first support level of $50.54. Below this, the next support is placed in the zone of $49.8. Till the time, the HES stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 57.3 on daily chart, which may remain a cause for concern. If the price breaks below $49.8 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $51.67 mark may result into a pull-back move towards $52.06 level.

HES shares dropped -0.68 points or -1.31 percent on Friday to $51.27 with a light trade volume of 4.198 million shares. After opening the session at $51.01, the shares went as high as $51.33 and as low as $50.2, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $15.4 billion and now has 300.18 million shares outstanding. Hess Corporation (HES) stock has lost -1.37 percent of market value in 21 trading days.

HES stock has a trailing 3-year beta of 1.83, offering the possibility of a higher rate of return, but also posing more risk. The portion of a company’s profit allocated to each outstanding share of common stock was -$9.61 a share in the trailing twelve months. The stock’s value has surged 26.59 percent year to date (YTD) against a decline of -3.26 percent in 12 month’s time. The company’s shares still trade -31.47 percent away from its 1-year high of $74.81 and 44.05 percent up from 52-week low of $35.59. The average consensus rating on the company is 2.4, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a sell.

Shares of Hess Corporation (HES) are trading at a P/E ratio of 0 times earnings reported for the past 12 months. The industry HES operates in has an average P/E of 16.46. Its P/E ratio went as low as 7.32X and as high as 13.89 over the 5-year span. Further, it is sporting a 2.42 on the Price-to-Sales ratio. Compare this with the industry average P/S of 0.79. 70.5 percent is the gross profit margin for Hess Corporation and operating margin sits at -25.3 percent. Along with this, the net profit margin is -47.3 percent.