Hess Corporation (HES) Offering Possible 47.06% Return Over the Next 16 Calendar Days

Hess Corporation's most recent trend suggests a bearish bias. One trading opportunity on Hess Corporation is a Bear Call Spread using a strike $104.00 short call and a strike $109.00 long call offers a potential 47.06% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $104.00 by expiration. The full premium credit of $1.60 would be kept by the premium seller. The risk of $3.40 would be incurred if the stock rose above the $109.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Hess Corporation is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Hess Corporation is bearish.

The RSI indicator is at 31.69 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Hess Corporation

Transocean (RIG) Wins Fresh Offshore Drilling Contracts
Thu, 28 Apr 2022 11:12:11 +0000
Accumulating $87.2 million to its backlog, Transocean (RIG) wins a new contract and extensions for its rigs.

Three U.S. Shale Producers Are Raising Output as Biden Looks to Tame Oil Prices
Wed, 27 Apr 2022 17:51:37 +0000
(Bloomberg) — Continental Resources Inc., Hess Corp. and Matador Resources Co. signaled plans to raise production from U.S. shale basins, a potential harbinger of things to come as Big Oil prepares to report results later this week. Most Read from BloombergFour European Gas Buyers Made Ruble Payments to RussiaRussia to Cut Gas to Poland and Bulgaria, Making Energy a WeaponAmazon’s Twitch Seeks to Revamp Creator Pay With Focus on ProfitRussia to Cut Gas to Poland, Bulgaria Until Pay Demands MetH

Hess (HES) Q1 Earnings Top Estimates on Higher Commodity Prices
Wed, 27 Apr 2022 16:10:04 +0000
Higher worldwide crude oil realization aids Hess' (HES) Q1 earnings.

Hess (HES) Tops Q1 Earnings and Revenue Estimates
Wed, 27 Apr 2022 12:45:12 +0000
Hess (HES) delivered earnings and revenue surprises of 16.07% and 16.82%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

UPDATE 2-Hess beats profit estimates on surging crude prices
Wed, 27 Apr 2022 11:54:14 +0000
U.S. oil and gas producer Hess Corp on Wednesday topped Wall Street estimate for first-quarter profit, helped by a jump in energy prices due to Russia's invasion of Ukraine. Oil prices hit multi-year records during the quarter as the conflict in Ukraine led to sanctions against Russia, one of the biggest exporters of crude, creating a global supply crunch. Brent crude was trading at around $105 per barrel on Wednesday and has risen about 36% this year.

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