Hess Corporation (HES) : Analyst Rating Update

Hess Corporation (HES) has an average broker rating of 2.12, which is interpreted as a Buy, as rated by 17 equity analysts. Nonetheless, 7 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 9 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Hess Corporation (HES) : The highest short term price target forecast on Hess Corporation (HES) is $75 and the lowest target price is $50. A total of 12 equity analysts are currently covering the company. The average price of all the analysts is $64.42 with a standard deviation of $7.69.

Hess Corporation (NYSE:HES): The stock opened at $56.54 on Wednesday but the bulls could not build on the opening and the stock topped out at $56.96 for the day. The stock traded down to $55.86 during the day, due to lack of any buying support eventually closed down at $56.88 with a loss of -0.14% for the day. The stock had closed at $56.96 on the previous day. The total traded volume was 3,065,108 shares.

Also, Equity analysts at the Brokerage firm Tigress Financial downgrades its rating on Hess Corporation (NYSE:HES). The rating major has initiated the coverage with neutral rating on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on May 3, 2016. The company shares have dropped -11.51% from its 1 Year high price. On Jul 9, 2015, the shares registered one year high at $65.65 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $58.41 and the 200 Day Moving Average price is recorded at $51.20.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.