Hess Corp (NYSE: HES) has reported earnings for its second fiscal quarter (ending June 30) of $2.46 versus $0.39 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $8.61 versus $4.81 for the same period a year ago.
Recent Price Action
Hess Corp (NYSE: HES) stock increased 1.1% on 7/31/24. The shares closed at $153.42. However, unusually low trading volume at 64% of normal accompanied the advance. The stock has performed in line with the market over the last nine months and has risen 4.5% during the last week.
Current PriceTarget Research Rating
HES’ future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Hess has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Hess has a neutral Power Rating of 52 and a neutral Appreciation Score of 57, triggering the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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