Earnings from Hess Corporation [HES] are scheduled on April 28, 2021, before the market opens. It is expected that the company will report strong earnings for the quarter ending Mar 2021.
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HES Stock Earnings Outlook For The Current Quarter
The consensus estimates for the quarter suggest that the company would earn $0.34 per share on revenue of $1.54B. Taking a look at the future, the company is projected to report revenue of $1.36B at an earnings per share of $0.15 for the Jun 2021 quarter. The estimates represent year-over-year improvements of 13.20% in revenue and 307.20% in earnings per share for the company.
HES Stock Earnings Forecast For The Current Year
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For the full financial year, Hess Corporation [NYSE:HES] is forecasted to generate revenue of $5.58B. The figure is about $780.0 million above what the company actually reported for the fiscal year 2020. In terms of EPS, it is estimated to be $0.51 in 2021, which is $3.44 higher than the figure in FY20. Based on current estimates, earnings are expected to grow 117.40% this year, 309.80% next year, and -23.40% annually over the next five years. With regard to sales, forecasts suggest an incline of 16.20% in current fiscal year and 13.20% over following year.
HES Stock Price Performance
At the close of Tuesday’s session, Hess Corporation [NYSE:HES] finished up 3.37% at $70.45. The stock’s highest single-day price was $70.83, and its lowest was $68.555. Its price rose 4.02% in the last five days. Since the beginning of the year, Hess Corporation’s shares are up nearly 33.45%. However, the share price is -7.59% below its one year high. The top price reached by the shares of the company was $76.24 on 03/08/21, while the 52-week low came on 01/04/21, when the shares were $52.65. In the past year, shares of the company have risen 63.19%. At 50 days, the moving average achieved is $69.29 while at 200 days, the moving average is $53.92. There were 1.97 million shares traded in the last session, up from 1.83 million in the previous session.
Hess Corporation [NYSE:HES] Stock Valuation Metrics
Investors may find it helpful to look at historical price-sales ratios, and in the case of this stock, 4.62 PS value ratio is reported for the last one year of reported earnings. This is above the average return 1.13 for the industry, which means HES offers an unattractive investment opportunity than its competitors do.
HES Share Price Support And Resistance Levels
Based on the daily chart, the immediate backing lies around the 70.45 level, and the violation of this level will cause a further drop to 69.06 level. At the upper end, 73.61 remains a key resistance. As the stock increases, it may find resistance at 72.22. In the 14-day chart, the Relative Strength Index standing at 52.60 suggests a technical neutral stance while the MACD standing at -1.44 indicates price will decrease in the next trading period. Stochastic %K at 26.33% suggests holding the stock while Percent R indicator at 52.55% suggests low price movement.
How much is the short interest in Hess Corporation?
There have been a drop in short interest in the Hess Corporation Financial stock, with short interest down by -1.47 million shares to 8.26 million shares on Mar 14, 2021. According to data provided by Yahoo Finance, the short interest on Apr 14, 2021 stood at 6.79 million shares. This 17.8% increase suggests some bearish sentiment was experienced by the stock. Shorted shares accounted for just 3.17% of the overall float in the stock, while the stock’s days to cover moved to 3.09.
How do analysts view Hess Corporation?
In regard to the share price forecast for Hess Corporation stock, the analysts, as surveyed by FactSet, forecast the price to reach $82.50 in the next twelve months, representing almost an 14.61% growth from its recent price of $70.45. Among Hess Corporation stock projections, $110.00 is the highest analyst target for the stock, while $55.00 is the lowest. Despite this, 26 analysts who share their consensus rating for HES in 2021 agree that the stock is an Overweight. The latest rating change took place on 4/01/21, when Piper Sandler Ratings launched coverage of the stock at “Overweight” and assigned a price target of $86.0.