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Hess Corp (HES): Today's Featured Energy Laggard

Stock quotes in this article: HES

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Hess ( HES) pushed the Energy industry lower today making it today's featured Energy laggard. The industry as a whole closed the day down 0.9%. By the end of trading, Hess fell $1.62 (-2.2%) to $73.46 on average volume. Throughout the day, 4,182,635 shares of Hess exchanged hands as compared to its average daily volume of 3,092,900 shares. The stock ranged in price between $73.10-$75.22 after having opened the day at $75.05 as compared to the previous trading day's close of $75.08. Other companies within the Energy industry that declined today were: GMX Resources ( GMXRQ), down 25.0%, McDermott International ( MDR), down 20.6%, Global Geophysical Services ( GGS), down 15.2% and Whiting USA Trust I ( WHX), down 10.6%.

Hess Corporation, together with its subsidiaries, operates as an independent energy company worldwide. It operates in two segments, Exploration and Production (E&P), and Marketing and Refining (M&R). Hess has a market cap of $25.9 billion and is part of the basic materials sector. Shares are up 41.8% year to date as of the close of trading on Monday. Currently there are 9 analysts that rate Hess a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Hess as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

On the positive front, Andatee China Marine Fuel Services Corporat ( AMCF), up 11.9%, Endeavour International ( END), up 9.7%, Stone Energy Corporation ( SGY), up 8.0% and Quicksilver Resources ( KWK), up 6.6% , were all gainers within the energy industry with Kinder Morgan ( KMI) being today's featured energy industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the energy industry could consider Energy Select Sector SPDR ( XLE) while those bearish on the energy industry could consider Proshares Short Oil & Gas ( DDG).

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