Hess Corporation (HES) Shares are Up 1.69%

Hess Corporation (HES) : Traders are bullish on Hess Corporation (HES) as it has outperformed the S&P 500 by a wide margin of 5.34% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.72%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.69% in the last 1 week, and is up 5.75% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

Hess Corporation has dropped 0.31% during the last 3-month period . Year-to-Date the stock performance stands at 19.16%. The stock has recorded a 20-day Moving Average of 5.06% and the 50-Day Moving Average is 1.83%.


Hess Corporation (NYSE:HES): The stock opened at $57.28 on Friday but the bulls could not build on the opening and the stock topped out at $57.56 for the day. The stock traded down to $56.52 during the day, due to lack of any buying support eventually closed down at $57.23 with a loss of -0.68% for the day. The stock had closed at $57.62 on the previous day. The total traded volume was 2,887,447 shares.

Also, Barclays maintains its view on Hess Corporation (NYSE:HES) according to the research report released by the firm to its investors. The shares have now been rated Equalweight by the stock experts at the ratings house. Barclays lowers the price target from $68 per share to $64 per share on Hess Corporation. The rating by the firm was issued on July 28, 2016.

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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