Are Things Looking Up For Hess Corporation (NYSE: HES)?

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.

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Stocks Info

The company is listed on the NYSE and operates within the Oil & Gas E&P industry segment. The current market capitalization of Hess Corporation is $40.48B. A total of 1.84 million shares were traded on the day, compared to an average of 1.69M 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, Goodell Timothy B. disposed of 2,701 shares on Mar 07 ’24 at a per-share price of $144.52. This resulted in the EVP, Gen Counsel & Secretary holding 162,144 shares of HES after the transaction. In another insider transaction, Slentz Andrew P sold 1,062 shares at $144.52 per share on Mar 07 ’24. Company shares held by the Senior Vice President now total 50,215.

Dividend

The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Hess Corporation pays an annual dividend of $1.81, resulting in a dividend yield of 1.38%, and it has a price to earnings (P/E) ratio of 15.29. HES’s most recent ex-dividend date was 9/16/2024 when it declared a $0.50 quarterly dividend that was paid in cash on 9/30/2024. Previously, the company paid the dividend on 6/28/2024 with an ex-dividend date of 6/14/2024. The HES stock dividend was $0.4375 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. In terms of 52-week highs and lows, HES has a high of $167.75 and a low of $123.79.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. 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 $34.04, while its Total Shareholder’s Equity was $7.03B.

Analysts Opinion

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. 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 3.63.

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