Will Hess Corporation Stock Continue Higher?

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shares of Hayes Corporation (NYSE:HES) The past week has seen a strong rally due to a jump in the benchmark prices. Hess is an independent exploration and production company with operations in the US, Guyana, Malaysia and Denmark. In 2020, US and international operations contributed to 86% and 14% of total production, respectively. After a recent 11% rally over the past week, is HESS stock likely to rise further in the coming weeks and months? According to the Trefis Machine Learning Engine, which analyzes historical stock price movements, HESS stock is expected to rise by 62% in the next month (21 trading days). View our analysis Hayes Corporation stock likely to rise for more information.

Day Five: HES 11%, versus the S&P 500 -1.6%; Outstanding market (3% chance of occurrence)

  • Shares of Hess Corporation rose 11% in the five-day trading period ended 01/11/2022 compared to the broader market (S&P500), which declined 1.6% in the same period.
  • Return of 11% or more 5 day period 87 times out of 2517 (3%); Out of these 87 cases (52%), 45 cases saw the stock rally in the next five days.

Day 10: HES 20%, versus the S&P 500 -1.5%; Outstanding market (2% chance of occurrence)

  • Shares of Hess Corporation gained 20% over the past ten trading days (two weeks) compared to the broader market (S&P500), losing 1.5%.
  • Return of 20% or more 10 day period 38 times out of 2516 (2%); Out of these 38 cases (58%), 22 cases increased the stock in the next 10 days.

Twenty-one days: HES 14%, versus the S&P 500 -0.2%; Outstanding market (11% chance of occurrence)

  • Hess Corporation stock was up 14% over the past twenty-one trading days (about a month) compared to the broader market (S&P500), which declined 0.2%.
  • Return of 14% or more 21 day period 277 times out of 2515 (11%); Out of these 277 cases (62%), 173 saw the stock rally in the next 21 days.

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