Hess Corporation (HES) Receives Price Target

Hess Corporation (HES) has been rated by 12 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $85 and the lowest price target forecast is $55. The average forecast of all the analysts is $66.58 and the expected standard deviation is $8.39.

Hess Corporation (HES) : 5 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. 8 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 Hold with a rank of 3.The median of all the 14 Wall Street Analysts endorse the stock as a Buy with a rating of 2.21.


Also, Barclays maintains their rating on the shares of Hess Corporation (NYSE:HES). The current rating of the shares is Equalweight. Equity Analysts at the Firm lowers the price target to $64 per share from $68 per share. The rating by the firm was issued on July 28, 2016.

Hess Corporation (NYSE:HES): The stock opened at $53.75 on Thursday but the bulls could not build on the opening and the stock topped out at $54.22 for the day. The stock traded down to $52.76 during the day, due to lack of any buying support eventually closed down at $53.31 with a loss of -1.82% for the day. The stock had closed at $54.30 on the previous day. The total traded volume was 3,776,731 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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