HES Forecast + Trading Strategies


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



ERX Forecast + Options Trading Strategies   ERX  Direxion Daily Energy Bull 2X Shares (0.93)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.93)


XOP Forecast + Options Trading Strategies   XOP  SPDR Oil & Gas Exploration and Production (0.92)


WHD Forecast + Options Trading Strategies   WHD  Cactus (0.9)


NOG Forecast + Options Trading Strategies   NOG  Northern Oil and Gas (0.88)



Uncorrelated Stock Forecasts

Assets with little price relationship to HES



UAL Forecast + Options Trading Strategies   UAL  United Airlines (-0.0)


SIL Forecast + Options Trading Strategies   SIL  Global X Funds - Global X Silver Miners (-0.0)


BYRN Forecast + Options Trading Strategies   BYRN  Byrna (-0.0)


GDXJ Forecast + Options Trading Strategies   GDXJ  VanEck Vectors Junior Gold Miners (-0.0)


CL Forecast + Options Trading Strategies   CL  Colgate-Palmolive (0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against HES



XEL Forecast + Options Trading Strategies   XEL  Xcel Energy (-0.68)


CNXC Forecast + Options Trading Strategies   CNXC  Concentrix (-0.69)


SONY Forecast + Options Trading Strategies   SONY  Sony Group Corporation (-0.7)


CCI Forecast + Options Trading Strategies   CCI  Crown Castle International (-0.71)


LW Forecast + Options Trading Strategies   LW  Lamb Weston (-0.75)





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