Hess Corp (NYSE:HES) shares traded on 3.47% above secure line and closed at $50.16. The stock exchanged hands 6.53 Million shares versus average trading capacity of 4.59 Million shares. It has a market cap of $13.74 Billion.
Wall Street analysts are predicting that Hess Corp (NYSE:HES) will report earnings per share of $-0.04 in their quarterly report. For the current quarter Hess Corp (NYSE:HES) has high EPS estimates of $0.75 in contradiction of low EPS estimates of $-0.63. However a year ago for the same quarter the company has reported $-1.01 EPS. Average estimation for the current quarter has been provided by 21 analysts.
Investors as well as the sell-side will be paying close attention to how the actual numbers compare with the estimates. Earnings surprises can have a huge impact on a company’s stock price. Several studies suggest that positive earnings surprises not only lead to an immediate hike in a stock’s price, but also to a gradual increase over time. Hence, it’s not surprising that some companies are known for routinely beating earning projections. A negative earnings surprise will usually result in a decline in share price.
Hess Corp (NYSE:HES) has average revenue estimates of $1.56 Billion, compared to low analyst estimates of $1.5 Billion and high estimates of $1.7 Billion for the current quarter. A total number of 6 analysts provided estimations over revenues. For the current year the company’s revenue estimates are $6.34 Billion compared to low analyst estimates of $6.23 Billion and high estimates of $6.56 Billion according to the prediction of 9 analysts.
Taking a broader look at the analyst consensus, according to 23 analysts Hess Corp (NYSE:HES)’s price will reach at $68.22 during 52 weeks. Its minimum price target estimates has been figured out at $35 while the maximum price target forecast is established at $89.
On the other hand Hess Corp (NYSE:HES) has Relative Strength Index (RSI 14) of 55.33 along with Average True Range (ATR 14) of 2.49. Where the relative strength index (RSI) is a technical momentum indicator that compares the magnitude of recent gains to recent losses in an attempt to determine excess buying & selling conditions of an asset, it is one of the most popular technical indicators, computed on the basis of the speed and direction of a stock’s price movement. The RSI value will always move between 0 and 100; the value will be 0 if the stock falls on all 14 days, and 100, if the price moves up on all the days) as suggested by J Welles Wilder. In terms of market analysis and trading signals, RSI moving above the horizontal 30 reference level is viewed as a bullish indicator, while the RSI moving below the horizontal 70 reference level is seen to be a bearish indicator. The level of 50 represents neutral market momentum and corresponds with the center line in other oscillators such as MACD (Moving Average Convergence/Divergence). The average true range (ATR) is a measure of volatility introduced by Welles Wilder.
Consequently Hess Corp (NYSE:HES)’s weekly and monthly volatility is 5.13%, 5.75% respectively.