Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Hess Corp (NYSE: HES) weakened of late. HES’ current Value Trend Rating is D and the prior Rating was C. Details supporting this lower rating are included in our next report.
Recent Price Action
On 3/18/24, Hess Corp (NYSE: HES) stock declined slightly by -0.4%, closing at $150.20. This decline was accompanied by normal trading volume. The stock has risen 3.7% during the last week and has performed in line with the market over the last nine months.
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). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Hess has a neutral Appreciation Score of 45 and a slightly negative Power Rating of 39, with the Negative Value Trend Rating the result.
Be the first to comment