During the recent session, Hess Corporation (NYSE:HES)’s traded shares were 1.35 million, with the beta value of the company hitting 1.25. At the last check today, the stock’s price was $160.70, reflecting an intraday gain of 0.99% or $1.57. The 52-week high for the HES share is $167.75, that puts it down -4.39 from that peak though still a striking 22.67% gain since the share price plummeted to a 52-week low of $124.27. The company’s market capitalization is $49.36B, and the average trade volume was 2.63 million shares over the past three months.
Hess Corporation (NYSE:HES) trade information
Hess Corporation (HES) registered a 0.99% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 0.99% in intraday trading to $160.70, hitting a weekly high. The stock’s 5-day price performance is 5.88%, and it has moved by 7.42% in 30 days. Based on these gigs, the overall price performance for the year is 13.84%.
Hess Corporation (HES) estimates and forecasts
Statistics show that Hess Corporation has outperformed its competitors in share price, compared to the industry in which it operates. Hess Corporation (HES) shares have gone up 3.53% during the last six months, with a year-to-date growth rate more than the industry average at 70.69% against 12.40. In the rating firms’ projections, revenue will increase 12.00% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 2.74B as predicted by 8 analyst(s). Meanwhile, a consensus of 8 analyst(s) estimates revenue growth to 3B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 2.45B and 2.32B respectively. In this case, analysts expect current quarter sales to grow by 11.60% and then jump by 29.30% in the coming quarter.
While earnings are projected to return 63.28% in 2024, the next five years will return 7.95% per annum.
HES Dividends
Hess Corporation is due to release its next quarterly earnings in May. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Hess Corporation is 1.75, with the dividend yield indicating at 1.09 percent, continuing the trend of increasing dividends in recent years.
