Hess Corporation’s Stock Price Drops to $139.03, Experiencing a 4.68% Decline: A Deep Dive into HES’s Market Performance

Hess Corporation (HES)

139.03 USD -6.82 (-4.68%) Volume: 3.24M

Hess Corporation’s stock price is currently at 139.03 USD, witnessing a drop of -4.68% this trading session with a trading volume of 3.24M. Despite today’s decline, HES’s stock price has seen an overall increase of +4.53% year-to-date, signifying promising growth potential.

Latest developments on Hess Corporation

Hess Corp has defied industry trends by reporting a 7% growth in Bakken production, surpassing expectations in its strong Q4 results despite acquisition hurdles. The shale producer’s Q4 earnings per share of $1.63 exceeded the consensus of $1.47, with a doubling of oil output in Guyana contributing to the positive outcome. However, the company expects a decrease in quarterly production moving forward. Despite this, Hess’s stock price received a boost with Manning & Napier Advisors LLC acquiring over 17,000 shares, and CFRA raising its price target to $154. With Perigon Wealth Management LLC also increasing its stock position, the future looks bright for Hess Corp as it continues to drive growth through its operations in Bakken and Guyana.

A look at Hess Corporation Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

According to Smartkarma Smart Scores, Hess Corp has a mixed long-term outlook. While the company scores high in Growth, indicating strong potential for expansion and development in the future, it falls short in other areas such as Value, Dividend, Resilience, and Momentum. This suggests that while Hess Corp may have promising growth prospects, investors should consider other factors before making investment decisions.

Hess Corporation is a global independent energy company focused on exploring and producing crude oil and natural gas. With a strong emphasis on growth, the company is positioned to expand its operations and potentially increase its market presence. However, its lower scores in Value, Dividend, Resilience, and Momentum indicate that there may be challenges and risks that could impact its long-term performance. Investors should carefully evaluate these factors when considering Hess Corp as an investment opportunity.

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