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Bullish Case: With HES trading significantly up from past years, reflecting successful strategic investments in potentially lucrative regions and a mean-reverting price pattern suggesting upcoming gains, underlying metrics indicate strong bullish potential.


Bearish Case: Considering recent insider sales indicating potential concerns among executives, coupled with high market volatility and a competitive environment, there are significant risks of a downturn in HES's performance.


Potential Outcomes:

1) Success in strategic projects boosting HES stock (60%).

2) Regulatory challenges impacting operations, reducing stock value (25%).

3) Unexpected geopolitical events dramatically affecting market stability and stock price (15%).


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April 30, 2024


Hess Forecast

HES        Hess
Price Forecast: NEUTRAL    Price Action: MEAN REVERTING (?)











Correlated Stock Forecasts

Assets that tend to move strongly with HES



XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.94)


XOP Forecast + Options Trading Strategies   XOP  SPDR Oil & Gas Exploration and Production (0.93)


NOG Forecast + Options Trading Strategies   NOG  Northern Oil and Gas (0.89)


USO Forecast + Options Trading Strategies   USO  United States Commodity Funds (0.88)


CNX Forecast + Options Trading Strategies   CNX  CNX Resources (0.87)



Uncorrelated Stock Forecasts

Assets with little price relationship to HES



USFD Forecast + Options Trading Strategies   USFD  US Foods (-0.0)


ZG Forecast + Options Trading Strategies   ZG  Zillow (0.0)


SPGI Forecast + Options Trading Strategies   SPGI  S&P Global (-0.0)


WTI Forecast + Options Trading Strategies   WTI  W & T Offshore (0.0)


GL Forecast + Options Trading Strategies   GL  Globe Life (0.01)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against HES



BCE Forecast + Options Trading Strategies   BCE  BCE (-0.59)


VRSN Forecast + Options Trading Strategies   VRSN  Verisign (-0.63)


PLNT Forecast + Options Trading Strategies   PLNT  Planet Fitness (-0.67)


SONY Forecast + Options Trading Strategies   SONY  Sony Group Corporation (-0.69)


XEL Forecast + Options Trading Strategies   XEL  Xcel Energy (-0.7)





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