Hess Corp Stock Buy Recommendation Reiterated (HES)
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- HESS CORP reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past year. We feel that this trend should continue. During the past fiscal year, HESS CORP increased its bottom line by earning $5.95 versus $5.01 in the prior year. This year, the market expects an improvement in earnings ($6.15 versus $5.95).
- The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Oil, Gas & Consumable Fuels industry. The net income increased by 385.5% when compared to the same quarter one year prior, rising from -$131.00 million to $374.00 million.
- Net operating cash flow has increased to $1,570.00 million or 37.96% when compared to the same quarter last year. In addition, HESS CORP has also modestly surpassed the industry average cash flow growth rate of 29.07%.
- Compared to where it was 12 months ago, the stock is up, but it has so far lagged the appreciation in the S&P 500. Turning our attention to the future direction of the stock, it goes without saying that even the best stocks can fall in an overall down market. However, in any other environment, this stock still has good upside potential despite the fact that it has already risen in the past year.
--Written by a member of TheStreet Ratings Staff. It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE
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