Hess Corporation (HES) : During the past 4 weeks, traders have been relatively bearish on Hess Corporation (HES), hence the stock is down -17.11% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -7.39% relative to the S&P 500. The 4-week change in the price of the stock is -18.78% and the stock has fallen -6.89% in the past 1 week.
The stock has recorded a 20-day Moving Average of 12.37% and the 50-Day Moving Average is 14.28%.The 200 Day SMA reached 10% Hess Corporation has dropped 17.96% during the last 3-month period . Year-to-Date the stock performance stands at -2.71%.
Hess Corporation (HES) has been rated by 12 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $85 and the lowest price target forecast is $55. The average forecast of all the analysts is $66.58 and the expected standard deviation is $8.39.
For the current week, the company shares have a recommendation consensus of Buy. Hess Corporation (NYSE:HES): stock was range-bound between the intraday low of $45.66 and the intraday high of $46.79 after having opened at $45.79 on Fridays session. The stock finally closed in the red at $45.79, a loss of -0.36%. The stock remained in the red for the whole trading day. The total traded volume was 5,518,832 shares. The stock failed to cross $46.79 in Fridays trading. The stocks closing price on Thursday was $46.48.
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.