Hess Corporation (NYSE:HES) traded today at a new 52-week high of $89.45. This new high was reached on below average trading volume as 282,000 shares traded hands, while the average 30-day volume is approximately 2 million shares.
Over the past year, Hess Corporation has traded in a range of $34.82 to $89.45 and is now at $88.89, 155% above that low.
Potential upside of 654.0% exists for Hess Corporation, based on a current level of $88.89 and analysts’ average consensus price target of $670.20.
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.
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