Hess Corp (NYSE: HES) has reported E.P.S. of $1.62 for its third fiscal quarter (ending September 30) versus $1.65 for the same period a year ago — a decline of -2%. For the latest four quarters through September 30, E.P.S. were $8.58 compared to $4.79 a year ago — an increase of 79%.
Recent Price Action
On 10/30/24, Hess Corp (NYSE: HES) stock declined slightly by -0.2%, closing at $134.27. Trading volume in this decline was normal. The stock has declined -3.2% during the last week and has been weak relative to the market over the last nine months.
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 D (Negative). 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 45 but a poor Power Rating of 23, producing the Negative Value Trend Rating.
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.
Be the first to comment