Brokerage Firm Rating Update on Hess Corporation (HES)

Hess Corporation (HES) : Zacks Investment Research ranks Hess Corporation (HES) as 3, which is a Hold recommendation. 5 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 8 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 14 research analysts is 2.21, which indicates as a Buy.

Hess Corporation (HES) : The highest short term price target forecast on Hess Corporation (HES) is $85 and the lowest target price is $55. A total of 12 equity analysts are currently covering the company. The average price of all the analysts is $66.58 with a standard deviation of $8.39.


For the current week, the company shares have a recommendation consensus of Buy. Also, Barclays maintains its rating on Hess Corporation (NYSE:HES). The global brokerage major lowers the current price target from $68 per share to $64 per share. Analysts at the Barclays have a current rating of Equalweight on the shares. The rating by the firm was issued on July 28, 2016.

Hess Corporation (NYSE:HES): stock was range-bound between the intraday low of $50.21 and the intraday high of $51.65 after having opened at $51.56 on Wednesdays session. The stock finally closed in the red at $51.56, a loss of -0.82%. The stock remained in the red for the whole trading day. The total traded volume was 7,258,376 shares. The stock failed to cross $51.65 in Wednesdays trading. The stocks closing price on Thursday was $51.23.

Hess Corporation (Hess) is an exploration and production (E&P) company that develops, produces, purchases, transports and sells crude oil and natural gas. Its production operations are located primarily in the United States, Denmark, Equatorial Guinea, the Joint Development Area of Malaysia/Thailand, Malaysia and Norway. The Companys production in the United States was from offshore properties in the Gulf of Mexico and onshore properties in the Bakken oil shale play in the Williston Basin of North Dakota, the Permian Basin of Texas, and the Utica Basin of Ohio. Approximately 16% of the Companys crude oil and natural gas liquids production and 7% of its natural gas production were from European operations. Approximately 22% of the Companys crude oil and natural gas liquids production were from its African operations. Approximately 1% of the Companys crude oil and natural gas liquids production and 61% of its natural gas production were from its Asian and Other operations.

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