Summary
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Hess Corporation (HES) shows strong technical indicators with 100% buy signals, a Trend Seeker buy signal, and consistent price appreciation above key moving averages.
The Barchart Brief: Your FREE insider update on the biggest news stories and investing trends, delivered midday The company operates in exploration, production, and midstream activities, with significant operations in the U.S., Guyana, and Malaysia.
Wall Street analysts provide mixed ratings with a consensus price target of $170, while investor sentiment on platforms like Motley Fool and Seeking Alpha remains positive.
Despite its volatility, HES is projected to grow revenue by 13.73% and earnings by 29.44% next year, making it a potential buy for risk-tolerant investors.
The Chart of the Day belongs to the oil & gas company Hess (HES) . I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Seeker signaled a buy on 3/18 the stock gained 5.04%.
HES Price vs Daily Moving Averages
Hes (Barchart)
Hess Corporation, an exploration and production company, explores, develops, produces, purchases, transports, and sells crude oil, natural gas liquids, and natural gas in the United States, Guyana, the Malaysia/Thailand Joint Development Area, and Malaysia. It operates in two segments, Exploration and Production, and Midstream. The company also conduct exploration activities principally offshore Guyana, in the U.S. Gulf of America, and offshore Suriname. In addition, the company is involved in gathering, compressing, and processing natural gas; fractionating natural gas liquids; gathering, terminaling, loading, and transporting crude oil and natural gas liquids; and storing and terminaling propane, as well as providing water handling services primarily in the Bakken Shale plays in the Williston Basin area of North Dakota. Hess Corporation was incorporated in 1920 and is headquartered in New York, New York.
Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.
Barchart Technical Indicators:
- 100% technical buy signals
- 11.55+ Weighted Alpha
- 7.30% gain in the last year
- Trend Seeker buy signal
- Above its 20, 50 and 100 day moving averages
- 11 new highs and up 10.35% in the last month
- Relative Strength Index 71.43%
- Technical support level at $157.31
- Recently traded at $160.52 with 50 day moving average of $147.43
Fundamental Factors:
- Market Cap $48.80 billion
- P/E 16.26
- Dividend yield 1.22%
- Revenue expected to grow 13.73% next year
- Earnings estimated to increase 29.44% next year
Analysts and Investor Sentiment -- I don't buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide:
- Wall Street analysts issued 5 strong buy, 2 buy and 8 hold opinions on the stock with price targets between $151 and $199 with a consensus of $170 fora 6% gain
- Value Line has a price target of $184 for a 15% gain
- CFRAs MarketScope give the stock a hold rating
- MorningStar thinks the stock is fairly valued
- There are 2,614 investors rating the stock on Motley Fool and 2,395 think the stock will beat the market while 219 think it won't
- 31,540 investors monitor the stock on Seeking Alpha which rates the stock a hold
Additional disclosure: The Barchart Chart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance and reevaluate your stop losses at least on a weekly basis.
On the date of publication, Jim Van Meerten did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
