Analyst Rating Update on Hess Corporation (HES)

Hess Corporation (HES) : 6 brokerage houses believe that Hess Corporation (HES) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 9 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Hess Corporation (HES). Zacks Investment Research suggests a Buy with a rank of 2.The median of all the 16 Wall Street Analysts endorse the stock as a Buy with a rating of 2.19.

Hess Corporation (HES) : Average target price received by Hess Corporation (HES) is $67.17 with an expected standard deviation of $8.43. The most aggressive target on the stock is $85, whereas the most downbeat target is $55. 12 financial analysts are currently covering the stock.

For the current week, the company shares have a recommendation consensus of Buy. Also, Equity Analysts at the Brokerage Firm, Barclays, maintains their rating on the shares of Hess Corporation (NYSE:HES). Barclays has a Equalweight rating on the shares. As per the latest research report, the brokerage house lowers the price target to $64 per share from a prior target of $68. The rating by the firm was issued on July 28, 2016.


Hess Corporation (NYSE:HES): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $51.74 and $51.63 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $53.73. The buying momentum continued till the end and the stock did not give up its gains. It closed at $53.39, notching a gain of 3.17% for the day. The total traded volume was 6,176,969 . The stock had closed at $51.75 on the previous day.

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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