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Enter Symbol:
 
Hess Corporation (HES) [hlAlert]

Rating:
Buy HES
down 5.85 %

Hess Corporation (HES) upgraded to Buy with price target $70 by Argus

Posted on: Tuesday,  Aug 18, 2015  8:25 AM ET by Argus

Argus rated Buy Hess Corporation (NYSE: HES) on 08/18/2015, when the stock price was $59.23. Since
then, Hess Corporation has lost 5.86% as of 01/12/2016's recent price of $55.76.
If you would have followed this Argus's recommendation on HES, you would have lost 5.85% of your investment in 147 days.

Hess Corporation (Hess) is a global integrated energy company that operates in two segments: Exploration and Production (E&P) and Marketing and Refining (M&R). The E&P segment explores for, develops, produces, purchases, transports and sells crude oil and natural gas. These exploration and production activities take place principally in Algeria, Australia, Azerbaijan, Brazil, Denmark, Egypt, Equatorial Guinea, Gabon, Ghana, Indonesia, Libya, Malaysia, Norway, Russia, Thailand, the United Kingdom and the United States. The M&R segment manufactures, purchases, transports, trades and markets refined petroleum products, natural gas and electricity. As of December 31, 2008, the Company owned a 50% interest in a refinery joint venture in the United States Virgin Islands, and another refining facility, terminals and retail gasoline stations located on the East Coast of the United States.

Argus Research is an independent research firm, and our business is producing, distributing and marketing high-quality investment and economic research. Our recommendations - BUY, HOLD and SELL - reflect the judgment of an analyst about a company's prospects as an investment in terms of value, expected growth and risks. Argus Research does not bring companies public, advise companies on mergers and acquisitions, broker trades, make markets in stocks or manage money. Our independence allows us to make critical judgments about companies that we might not be so free to make were we competing for a firm's underwriting business. Because we're not a broker/dealer, we don't have "inventory" of a stock that we have to move with a tainted recommendation. We have developed a six-point system for analyzing the stocks in our Universe of Coverage. We believe that this system
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/18/2015 8:25 AM Buy
None
59.23 70.00
as of 8/27/2015
1 Week up  0.03 %
1 Month down  -5.85 %
3 Months down  -5.85 %
1 YTD down  -5.85 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/3/2012 9:25 AM Hold
None
53.68
5/5/2011 8:25 AM Buy
None
76.87 95.00

(*) Stock Price at the time of the recommendation.
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