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Zacks Investment Research downgraded Hess Corp. (NYSE:HES) to Sell in a report released today.

Zacks Investment Research has downgraded Hess Corp. (NYSE:HES) to Sell in a report released on 6/21/2017.

Yesterday Hess Corp. (NYSE:HES) traded 0.40% higher at $41.72. The company’s 50-day moving average is $40.84 and its 200-day moving average is $45.19. The last stock close price is down -6.68% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time. 4,526,085 shares of the stock were exchanged, up from an average trading volume of 4,141,650

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Hess Corp. (NYSE:HES)

Hess Corp. has a 52 week low of $37.25 and a 52 week high of $65.56 The company’s market cap is currently $0.

In addition to Zacks Investment Research reporting its target price, a total of 23 firms have reported on the stock. The consensus target price is $62.09 with 4 firms rating the stock a strong buy, 12 firms rating the stock a buy, 10 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Hess Corp. (NYSE:HES)

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 Bakken 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, Equatorial Guinea, the Malaysia/Thailand Joint Development Area (JDA), Malaysia and Norway. The Bakken 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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