For its first fiscal quarter (ending March 31), Hess Corp (NYSE: HES) has reported E.P.S. of $3.16 compared to $1.13 a year ago. For the latest four quarters through March 31, E.P.S. were $6.55 versus $6.57 for the same period a year ago.
Recent Price Action
Hess Corp (NYSE: HES) stock increased 1.5% on 4/25/24. The shares closed at $161.45. NORMAL trading volume accompanied the advance. The stock has been weak relative to the market over the last nine months but has risen 7.1% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are 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 D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Hess has a neutral Appreciation Score of 46 and a slightly negative Power Rating of 31, and the Negative Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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