Alert: Negative Investment/Fundamental Signals (12/6/23)-Hess Corp (NYSE: HES)


Hess Corp (NYSE: HES). Extremely significant negative changes in investment behavior have recently occurred: the stock’s recent price decline challenged its longer term uptrend, the stock fell on very heavy volume, and negative upside/downside volume developed.

Marginal negative changes in Hess Corp (NYSE: HES) fundamentals have recently occurred: significant quarterly sales deceleration occurred.

In light of these highly negative signals we are reviewing our current Overall Rating of B. We would view the shares with caution pending completion of this review in the next several days.


Current PriceTarget Research Rating

With future capital returns forecasted to exceed the cost of capital, HES is expected to continue to be a major Value Builder.

Hess has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Hess has a neutral Appreciation Score of 54 but a very high Power Rating of 87, triggering the Positive Value Trend Rating.

Recent Price Action

Hess Corp (NYSE: HES) stock closed at $136.28 on 12/6/23 after a modest decline of -1.5%. Moreover, this decline was accompanied by exceptionally high trading volume at 214% of normal. The stock has declined -6.4% during the last week but has been exceptionally strong relative to the market over the last nine months.

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