Hess Corporation (NYSE:HES) traded at a new 52-week high today of $82.61. So far today approximately 629,000 shares have been exchanged, as compared to an average 30-day volume of 2.2 million shares.
Over the past year, Hess Corporation has traded in a range of $34.82 to $82.61 and is now at $82.56, 137% above that low.
There is potential upside of 639.1% for shares of Hess Corporation based on a current price of $82.56 and an average consensus analyst price target of $610.20.
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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