Large Outflow of Money Witnessed in Hess Corporation

Hess Corporation (HES) : Net money flow in Hess Corporation (HES) was negative ($17.07 million) and the inflow of money on uptick was $53.31 million, whereas, the outflow of money on downticks amounted to $70.39 million on Wednesday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.76. The block trades show that the large investors, were aggressive sellers in the stock. The total value of block trades on upticks was only $0.58 million. On the other hand, the total value of block trades done on downticks was $17.78 million. The ratio of uptick to downtick block trades was 0.03. The money flow in block trades was negative ($17.2). Hess Corporation (HES) gained $3.03 cent during the day and reached $49.84, a gain of 6.47% over the previous day.


Shares of Hess Corporation appreciated by 6.04% during the last five trading days but lost 11.19% on a 4-week basis. Hess Corporation has dropped 13.26% during the last 3-month period . Year-to-Date the stock performance stands at 4.33%.

Hess Corporation (HES) : The consensus on Hess Corporation (HES) based on 14 analyst recommendation on the company stock is 2.21, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 5 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 8 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Hess Corporation (NYSE:HES): The stock opened at $47.19 and touched an intraday high of $49.98 on Wednesday. During the day, the stock corrected to an intraday low of $46.41, however, the bulls stepped in and pushed the price higher to close in the green at $49.84 with a gain of 6.47% for the day. The total traded volume for the day was 6,643,780. The stock had closed at $46.81 in the previous trading session.

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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