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Hess Corporation Looks to Continue to Trade Above its Annual-High Share Price Today

NYSE - New York Stock Exchange · Oil · Natural Gas · Natural Gas Liquids · Bitumen · Sulfur · Hydrogen · Lithium · United States

Shares of Hess Corporation (NYSE:HES)traded today at $91.09, eclipsing its 52-week high. This new high was reached on below average trading volume as 490,000 shares traded hands, while the average 30-day volume is approximately 1.9 million shares.

There is potential upside of 660.6% for shares of Hess Corporation based on a current price of $89.58 and an average consensus analyst price target of $681.39.

Hess is an independent oil and gas producer with key assets in the Bakken Shale, Guyana, the Gulf of Mexico, and Southeast Asia. At the end of 2020, the company reported net proved reserves of 1.2 billion barrels of oil equivalent. Net production averaged 323 thousand barrels of oil equivalent per day in 2020, at a ratio of 70% oil and natural gas liquids and 30% natural gas.

In the past 52 weeks, Hess Corporation share prices are bracketed by a low of $34.82 and a high of $91.09 and is now at $89.58, 157% above that low price.

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