Hess Corporation's most recent trend suggests a bullish bias. One trading opportunity on Hess Corporation is a Bull Put Spread using a strike $85.00 short put and a strike $80.00 long put offers a potential 12.11% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $85.00 by expiration. The full premium credit of $0.54 would be kept by the premium seller. The risk of $4.46 would be incurred if the stock dropped below the $80.00 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 65.6 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Hess Corporation
Oil Inventories Build More Than Anticipated as Spring Settles In
Wed, 23 Apr 2014 17:30:00 GMT
Hess Announces Sale of Its Thailand Assets
Wed, 23 Apr 2014 12:00:00 GMT
Business Wire – NEW YORK–(BUSINESSWIRE)– Hess Corporation announced today it has sold its interests in both the Sinphuhorm and Pailin Fields located in Thailand to PTT Exploration and Production Public Company Limited for a total after-tax consideration of approximately $1.0 billion, effective July 1, 2013. Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. More information on Hess Corporation is available at http://www.hess.com.
Hess Announces Sale of Its Thailand Assets
Wed, 23 Apr 2014 12:00:00 GMT
Hess Announces Sale of Its Thailand Assets
Wed, 23 Apr 2014 12:00:00 GMT
Business Wire – Hess Corporation announced today it has sold its interests in both the Sinphuhorm and Pailin Fields located in Thailand to PTT Exploration and Production Public Company Limited for a total after-tax consideration of approximately $1.0 billion, effective July 1, 2013.
6:42 am Hess: PTTEP to acquire 100% equity stakes of subsidiaries of HES in Thailand for ~ $1 bln
Wed, 23 Apr 2014 10:42:00 GMT
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