Brokerage Firm Rating on Hess Corporation (HES)

Hess Corporation (HES) : Zacks Investment Research ranks Hess Corporation (HES) as 3, which is a Hold recommendation. 6 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 9 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 16 research analysts is 2.19, which indicates as a Buy.

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.


For the current week, the company shares have a recommendation consensus of Buy. Hess Corporation (NYSE:HES): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $55.23 and $54.98 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $57.28. The buying momentum continued till the end and the stock did not give up its gains. It closed at $56.54, notching a gain of 3.33% for the day. The total traded volume was 3,961,257 . The stock had closed at $54.72 on the previous day.

In a related news, The Securities and Exchange Commission has divulged that Truelove Brian D., officer (Senior Vice President) of Hess Corp, had unloaded 3,000 shares at an average price of $50.1 in a transaction dated on March 28, 2016. The total value of the transaction was worth $150,300.

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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