Hess Corporation (HES) Receives ‘Analyst’ Rating

Hess Corporation (HES) has an average broker rating of 2.21, which is interpreted as a Buy, as rated by 14 equity analysts. Nonetheless, 5 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 8 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Hess Corporation (HES) : 12 investment research analysts covering Hess Corporation (HES) have an average price target of $66.58 for the near short term. The highest target price given by the Brokerage Firm to the stock is $85 and the lowest target is $55 for the short term. Analysts expect the variance to be within $8.39 of the average price.


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 (NYSE:HES): The stock opened in the green at $46.91 on Thursday, but the bulls found it difficult to push the prices higher. The stock reached a high of $47.27 and a low of $46.34 for the day. The stock did not find buyers even at the lows and closed at $46.65 recording a loss of -0.02%. 5,615,343 shares exchanged hands during the trading day. The stock had closed at $46.91 in the previous days trading.

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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