Hess Corp (HES): Today's Featured Basic Materials Winner - TheStreet

Hess

(

HES

) pushed the Basic Materials sector higher today making it today's featured basic materials winner. The sector as a whole closed the day up 0.7%. By the end of trading, Hess rose $1.34 (2.0%) to $67.05 on average volume. Throughout the day, 3,362,739 shares of Hess exchanged hands as compared to its average daily volume of 3,276,500 shares. The stock ranged in a price between $66.21-$67.50 after having opened the day at $66.26 as compared to the previous trading day's close of $65.71. Other companies within the Basic Materials sector that increased today were:

Methes Energies International

(

MEIL

), up 20.8%,

KiOR

(

KIOR

), up 18.4%,

Ceres

(

CERE

), up 18.1% and

Pacific Booker Minerals

(

PBM

), up 16.9%.

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 $21.9 billion and is part of the energy industry. The company has a P/E ratio of 8.1, below the S&P 500 P/E ratio of 17.7. Shares are up 24.1% year to date as of the close of trading on Wednesday. Currently there are 8 analysts that rate Hess a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates

Hess

as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and attractive valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the negative front,

Great Basin Gold

(

GBG

), down 57.7%,

Minco Gold Corporation

(

MGH

), down 15.6%,

Cardero Resources Corporation

(

CDY

), down 12.7% and

Polymet Mining

(

PLM

), down 11.4% , were all laggards within the basic materials sector with

Tesoro Corporation

(

TSO

) being today's basic materials sector laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the basic materials sector could consider

Materials Select Sector SPDR

(

XLB

) while those bearish on the basic materials sector could consider

ProShares Short Basic Materials Fd

(

SBM

).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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