Hess Corporation (HES) has been under a strong bear grip, hence the stock is down -6.15% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.41% in the past 1 week. The stock has risen by 1.85% in the past week indicating that the buyers are active at lower levels, but the stock is down -3.82% in the past 4 weeks.
Hess Corporation (NYSE:HES): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $54.00 and $53.58 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $54.76. The buying momentum continued till the end and the stock did not give up its gains. It closed at $54.64, notching a gain of 1.43% for the day. The total traded volume was 3,479,569 . The stock had closed at $53.87 on the previous day.
The stock has recorded a 20-day Moving Average of 0.58% and the 50-Day Moving Average is 4.06%. Hess Corporation has dropped 2.26% during the last 3-month period . Year-to-Date the stock performance stands at 13.77%.
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 $66.83 with a standard deviation of $8.64.
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.