Hess Corporation (HES): Price Target and June Short Interest Disclosure

Hess Corporation (HES) : The most positive equity analysts on Hess Corporation (HES) expects the shares to touch $85, whereas, the least positive believes that the stock will trade at $50 in the short term. The company is covered by 12 Wall Street Brokerage Firms. The average price target for shares are $66.75 with an expected fluctuation of $8.8 from the mean.

Hess Corporation (HES) encountered a rise of 1.1% or 187,792 shares in the short positions. The number escalated from 16,719,247 on June 15,2016 to 16,907,039 on June 30,2016. The final interest is 6% of the floated stock. The days to cover figure of 4 can be arrived using the average daily exchange of 4,310,421 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Tigress Financial downgrades its rating on Hess Corporation (NYSE:HES). Analysts at the Tigress Financial have a current rating of Neutral on the shares. The shares were previously rated Buy. The rating by the firm was issued on May 3, 2016.


Hess Corporation (NYSE:HES): On Thursdays trading session , Opening price of the stock was $59.09 with an intraday high of $59.43. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $57.975. However, the stock managed to close at $58.01, a loss of 0.02% for the day. On the previous day, the stock had closed at $58.02. The total traded volume of the day was 2,839,539 shares.

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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