Hess Corporation (NYSE:HES) traded at a new 12-month high today of $119.43. Approximately 422,000 shares have changed hands today, as compared to an average 30-day volume of 2.3 million shares.
Over the past year, Hess Corporation has traded in a range of $61.93 to $119.43 and is now at $117.25, 89% above that low.
Hess Corporation defies analysts with a current price ($117.25) 21.6% above its average consensus price target of $91.95.
Hess Corporation 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 2021, the company reported net proved reserves as 26% of crude oil reserves and 36% of natural gas. Net worldwide sales volume averaged 326 thousand barrels of oil equivalent per day in 2021.
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