Hess Corporation (HES) has risen sharply, recording gains of 5.63% in the past 4 weeks. However, the stock has corrected -0.98% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 5.85% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 2.29% and the fifty day Moving Average is 1.08%. Hess Corporation has dropped 5.5% during the last three month period . Year-to-Date the stock performance stands at 17.99%.
Hess Corporation (HES) : The highest level Hess Corporation (HES) is projected to reach is $85 for the short term and the lowest estimate is at $55. The consolidated price target from 12 rating analysts who initiate coverage on the stock is $66.58 and the possibility the share price can swing is $8.39.
Hess Corporation (NYSE:HES): On Fridays trading session , Opening price of the stock was $56.98 with an intraday high of $57.89. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $56.16. However, the stock managed to close at $56.67, a loss of 0.25% for the day. On the previous day, the stock had closed at $56.81. The total traded volume of the day was 2,616,431 shares.
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.