Hess Corporation (HES) Offering Possible 7.76% Return Over the Next 10 Calendar Days

Hess Corporation's most recent trend suggests a bullish bias. One trading opportunity on Hess Corporation is a Bull Put Spread using a strike $43.50 short put and a strike $38.50 long put offers a potential 7.76% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $43.50 by expiration. The full premium credit of $0.36 would be kept by the premium seller. The risk of $4.64 would be incurred if the stock dropped below the $38.50 long put strike price.

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

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

The RSI indicator is at 56.96 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Hess Corporation

Is Hess Corporation Stock a Buy?
Sat, 02 May 2020 16:48:00 +0000
On the one hand, Hess' stock is down 26.8% so far this year, and its dividend yield is now about 2%. On the other hand, oil prices have collapsed and demand has evaporated. Let's dig deeper to see if Hess looks like a buy at its current prices.

Hess, Occidental Petroleum were bankrupt Diamond Offshore's biggest customers in 2019
Mon, 27 Apr 2020 12:42:00 +0000
Shares of Hess Corp. slumped 5.7% and Occidental Petroleum Corp. dropped 3.6% in premarket trading Monday, as crude oil prices took another dive and oil driller Diamond Offshore Drilling Inc. declared bankruptcy. Continuous crude oil futures tumbled 22.6% in early trading amid continued demand and supply concerns, putting them on course to snap a three-day win streak in which they soared 31%. Meanwhile, Diamond had disclosed that Hess was its biggest customer in 2019, accounting for 28.9% of its annual revenue, while Occidental was its second-biggest customer at 20.6%. Among it's other biggest customers, the U.S.-listed shares of Petroleo Brasileiro S.A. rose 3.4% and BP PLC gained 0.4%. Diamond Offshore said it had sufficient capital to fund operations during its bankruptcy reorganization. Diamond's stock plummeted 61% before being halted for news. Futures for the S&P 500 rose 1.2%.

Is There An Opportunity With Hess Corporation's (NYSE:HES) 47% Undervaluation?
Wed, 22 Apr 2020 12:09:59 +0000
Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Hess Corporation…

U.S. energy companies' quarterly reports to show depths of slump
Wed, 22 Apr 2020 00:43:24 +0000
Investors are in for more bad news on the energy front in the coming weeks as a host of the sector's biggest companies report quarterly results following the historic collapse in oil prices. Forecasts for U.S. energy sector earnings this year have dropped along with oil prices, weighing on shares along with worries over debt, layoffs and possible bankruptcies. Analysts see a 58.9% year-over-year decline in energy earnings for the first quarter, steeper even than the 37.7% decline they projected at the start of the month, according to IBES data from Refinitiv.

Hess Schedules Earnings Release Conference Call
Thu, 09 Apr 2020 22:46:00 +0000
Hess schedules Q1 2020 earnings release conference call.

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