On July 26, 2023, Hess Corporation, a prominent player in the oil and gas industry, exceeded expectations with its second-quarter earnings and also revised its production forecast for the fiscal year 2023. The eagerly awaited Q2 earnings report from Hess Corporation is scheduled to be released on November 1, 2023. Remarkably, the current stock price for Hess Corporation (HES) stands at $135.93. Market sentiment towards HES is overwhelmingly positive, with the consensus rating being “overweight”.
Hess Corporation
HES
Strong Buy
Updated on: 04/12/2023
Financial Health
Very Healthy
Debt to equity ratio: Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
ROE: Neutral
Hess Corporation (HES) Stock Performance and Market Insights on July 26, 2023
Hess Corporation (HES) is a prominent player in the energy sector, specifically in the integrated oil industry. On July 26, 2023, the stock’s performance was closely observed, and the data from CNN Money provides valuable insights into its market performance.
To begin with, HES had a previous close of $147.34. However, on July 26, the stock opened at $146.21. The day’s range for HES was between $145.66 and $148.71.
In terms of trading volume, HES witnessed a volume of 517,483 shares on July 26. This figure is significantly lower than the average volume of the past three months, which stands at 1,697,728 shares.
The market capitalization of HES is $43.7 billion.
When analyzing the company’s earnings growth, it is noteworthy that HES experienced a substantial growth rate of 274.10% in the previous year. However, the growth rate for the current year is -41.13%, which indicates a decline in earnings compared to the previous year. Looking ahead, the projected earnings growth for the next five years is -4.73%.
On the other hand, HES has shown impressive revenue growth of 54.34% in the last year.
The price-to-earnings (P/E) ratio for HES is 22.2. Additionally, the price-to-sales ratio is 3.69, and the price-to-book ratio is 5.54.
Examining the stock’s performance on July 26, 2023, HES experienced a decrease of $0.29, representing a decline of 0.94% in its value.
In comparison to other energy sector stocks, FLNGFLEX LNG Ltd and NextDecade Corp also experienced declines in their stock prices on the same day. FLNGFLEX LNG Ltd saw a decrease of $0.19, representing a decline of 3.18%, while NextDecade Corp witnessed a decrease of $0.29, indicating a decline of 0.94%.
Hess Corporation’s last reporting date was on July 26, 2023. The company’s earnings per share (EPS) forecast for the current quarter is $0.59. Additionally, the company reported annual revenue of $11.9 billion and an annual profit of $2.1 billion in the last year. The net profit margin for HES stands at 17.60%.
Hess Corporation operates in the energy minerals sector, specifically in the integrated oil industry. The company’s corporate headquarters are located in New York, New York.
In conclusion, HES stock’s performance on July 26, 2023, showed a decline in value compared to the previous close. However, it is important to consider the broader market conditions and company-specific factors when analyzing stock performance. With its strong revenue growth and impressive earnings growth in the previous year, Hess Corporation remains a significant player in the energy sector.
Hess Corp Quarterly Earnings Report: Analysts Forecast Potential Increase and Positive Performance in Energy Industry
Hess Corp is set to release its quarterly earnings report on July 26, 2023. Analysts have provided their price forecasts for the stock, with a median target price of $155.00. The highest estimate is $205.00 and the lowest estimate is $143.00, indicating a potential increase of 5.59% from the last reported price of $146.79. A consensus among 25 investment analysts suggests buying stock in Hess Corp. The upcoming earnings report will provide insights into the company’s financial performance, with estimates of earnings per share of $0.59 and sales of $2.4 billion for the current quarter. Positive earnings and sales figures could drive the stock price higher. Hess Corp operates in the energy industry, and its performance is influenced by factors such as oil prices, production levels, and geopolitical events. Investors should also consider broader market conditions and trends when evaluating the stock’s performance.
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