It may have had a decent performance in 2019, but market uncertainties have held back any rally, we consider $65 to be a level for considering a long.
AVERAGE ANALYSTS PRICE TARGET $71
AVERAGE ANALYSTS RECOMMENDATION OVERWEIGHT
P/E RATIO
SHORT INTEREST 4.5%
COMPANY PROFILE
Hess Corp is an exploration and production company, which engages in...
Hess Corporation is currently at a key level. Breaking this level could trigger more than 20% down. My PV is about $67 but as you can see was already there, so I would wait for some opportunity around $42.
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It's daring to short oil/engergy stocks lately, but here it comes an opportunity with low stoploss - HES.
Reason r=for short (05/21):
- Divergences RSI, MACD
- Double top inside resistance region
- End of 138.2% abc-like structure
SL placed right above the highlighted region. TP can be safely set at POC of 56.
- Right shoulder formed at 46.37
- Left shoulder April 20th 46.39
- bounced off lower kelt strong sign
Playing $49C .14 entry
On potential gap play tomorrow with oil to push or strict technical play here
-TheTradingNinja
10/10/2008 weekly low (not close) was 45.68. If oil can hold here at pre-opec cut prices, HES should bounce depending were weekly candle close. Blue TL is monthly Feb '16 high and Sep '16 low (highest volume months since '16 lows). Light red daily TL snapped to 6/30/'16 high & 11/30/'16 low
$HES at critical long term support. Do or die long term. This is weekly chart. Volatility is cheap for the options to take a long term cheap "bait". Also has a seasonal pattern for Feb of 80% with an average move of 5%+
Hess Corporation is an exploration and production company. The Company is engaged in exploration, development, production, transportation, purchase and sale of crude oil, natural gas liquids (NGL) and natural gas. The Company's segments include Exploration and Production, and Midstream. Its Exploration and Production segment explores for, develops, produces, purchases and sells crude oil, NGLs and natural gas with production operations primarily in the United States, Denmark, the Malaysia/Thailand Joint Development Area (JDA), Malaysia and Norway. The Midstream segment provides fee-based services, including crude oil and natural gas gathering, processing of natural gas and the fractionation of NGLs, transportation of crude oil by rail car, terminaling and loading crude oil and NGLs, and the storage and terminaling of propane, primarily in the Bakken shale play of North Dakota.
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HES
