Hess Corporation’s Stock Price Drops to $143.02, Witnessing a 2.28% Decline: What’s Next?

Hess Corporation (HES)

143.02 USD -3.34 (-2.28%) Volume: 8.1M

Hess Corporation’s stock price stands at 143.02 USD, experiencing a -2.28% change this trading session with a trading volume of 8.1M, and marking a -0.79% change YTD, showcasing the dynamic performance of HES stocks in the market.

Latest developments on Hess Corporation

The recent movements in Hess Corp‘s stock prices have been significantly influenced by the ongoing dispute over its Guyana assets. Exxon has filed for arbitration to protect its rights in the region, potentially threatening a deal between Chevron and Hess. Exxon has also signaled a potential counteroffer for Hess’s Guyana assets. Meanwhile, Hess Corp‘s stock underperformed compared to competitors on Tuesday despite daily gains. However, Susquehanna has raised its stock target for Hess Corp to $156, maintaining a neutral stance. Additionally, Ameriprise Financial Inc. has bought 307,281 shares of Hess Co.

Hess Corporation on Smartkarma

<Baptista Research> has recently published an initiation of coverage report on <Hess Corp>, a leading independent energy company. According to the report, <Hess Corp> has reported an average net production of 387,000 barrels of oil equivalent per day. However, in the second quarter, the company’s net production in the deepwater Gulf of Mexico was only 32,000 barrels of oil equivalent per day. The report also mentions that the company is expecting an average of approximately 25,000 barrels of oil equivalent per day in the third quarter, taking into account scheduled maintenance and hurricane preparedness. <Baptista Research> believes that <Hess Corp>’s business strategy is promising and has given a bullish outlook on the company’s future prospects.

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

Hess Corp, a global independent energy company, has been given a Smartkarma Smart Score of 2 for value, 2 for dividend, 3 for growth, 2 for resilience, and 4 for momentum. This indicates a positive long-term outlook for the company.

The company, which focuses on the exploration and production of crude oil and natural gas, has received a solid score for growth, suggesting potential for future expansion and profitability. Additionally, its high score for momentum indicates that it is performing well in the market and gaining positive attention from investors.

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