Hess Corp (NYSE: HES) has recently experienced extremely meaningful negative changes in fundamentals: the stock’s power rating fell below 50, significant quarterly sales deceleration occurred, the consensus estimate for December, 2024 decreased significantly, and the consensus estimate for December, 2025 decreased significantly.
In light of these highly negative signals we are reviewing our current Overall Rating of C. 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 be above the cost of capital, HES is expected to continue to be a major Value Builder.
Hess has a current Value Trend Rating of C (Low Neutral). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Hess has a neutral Appreciation Score of 51 and a neutral Power Rating of 46, resulting in the Low Neutral Value Trend Rating.
Recent Price Action
Hess Corp (NYSE: HES) stock rose modestly by 0.6% on 2/26/24. The stock closed at $149.96. Moreover, trading volume in this advance was above average at 130% of normal. The stock has performed in line with the market over the last nine months and has risen 1.3% during the last week.
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