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Bullish Case: HES has shown steady growth over years. Recent price action indicates mean reversion which could lead to an uptrend, supported by Helium's higher implied volatility projection.


Bearish Case: High price-to-book ratio suggests possible overvaluation. Helium's near-term volatility forecast exceeds market levels, reflecting uncertainty and potential downside risks.


Potential Outcomes:

1) Guyana project success: 40%;

2) Market correction driven by overvaluation: 35%;

3) Stability in oil prices leading to steady growth: 25%.


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April 05, 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)


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


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


GSG Forecast + Options Trading Strategies   [GSG]  BlackRock Institutional Trust Company N.A. - iShares S&P GSCI Commodity-Indexed (0.89)


UCO Forecast + Options Trading Strategies   [UCO]  ProShares Ultra Bloomberg Crude Oil (0.88)



Uncorrelated Stock Forecasts

Assets with little price relationship to HES



MCHP Forecast + Options Trading Strategies   [MCHP]  Microchip Technology (0.0)


ACAD Forecast + Options Trading Strategies   [ACAD]  Acadia Pharmaceuticals (-0.0)


TSCO Forecast + Options Trading Strategies   [TSCO]  Tractor Supply (-0.0)


AXP Forecast + Options Trading Strategies   [AXP]  American Express (0.0)


KDP Forecast + Options Trading Strategies   [KDP]  Keurig Dr Pepper (0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against HES



LW Forecast + Options Trading Strategies   [LW]  Lamb Weston (-0.73)


TGTX Forecast + Options Trading Strategies   [TGTX]  TG Therapeutics (-0.74)


DKL Forecast + Options Trading Strategies   [DKL]  Delek Logistics Partners LP - Unit (-0.74)


DRIP Forecast + Options Trading Strategies   [DRIP]  Direxion Daily S&P Oil & Gas Exp. & Prod. (-0.9)


ERY Forecast + Options Trading Strategies   [ERY]  Direxion Daily Energy Bear 2X Shares (-0.93)





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