Shares of Hess Corporation (HES) Sees Large Inflow of Net Money Flow

Hess Corporation (HES) : Investors lapped up stocks on upticks to the tune of $39.84 million in the Fridays trading session. The trading value on downticks was comparatively at $22.16 million and the uptick to downtick ratio of 1.8 indicates continuous buying by the bulls. The net money flow into the stock was $17.68 million. Upticks saw transactions worth $16.59 clearly indicating buying by large investors. The total money flow for block trades stood at $16.59 million, which is a positive for the stock in the long-term. Hess Corporation (HES) fell $0.79 during the day at $54.12, a drop of -1.44% over the previous days close. However, for the week, the stock is -4.94%, compared to the previous week.


Hess Corporation (HES) : The consensus price target for Hess Corporation (HES) is $67.5 for the short term with a standard deviation of $8.9. The most optimist securities analyst among the 12 who monitor the stock believes that the stock can reach $85, however, the pessimist price target for the company is $50.

Hess Corporation (NYSE:HES): On Fridays trading session , Opening price of the stock was $55.26 with an intraday high of $55.43. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $53.66. However, the stock managed to close at $54.12, a loss of 1.44% for the day. On the previous day, the stock had closed at $54.91. The total traded volume of the day was 2,773,378 shares.

In a related news,The officer (Senior Vice President) of Hess Corp, Truelove Brian D. sold 3,000 shares at $50.1 on March 28, 2016. The Insider selling transaction had a total value worth of $150,300. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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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