NEW YORK (TheStreet) -- Hess Corp.  (HES) - Get Report stock is down by 1.61% to $34.25 in pre-market trading on Wednesday, after the energy company reported its 2015 fourth quarter earnings results.

Before the market open today, the crude oil and natural gas company reported a loss of $1.40 per share, narrower than analysts forecasts for a loss of $1.48 per share. 

Revenue fell by about 45% year-over-year to $1.38 billion, while analysts were expecting $1.49 billion in revenue.

During the fourth quarter, the selling price of oil worldwide dropped to $43.73 per barrel from $75.35 a year ago, Hess said in a statement.

Lower realized selling prices reduced the company's fourth quarter net income by $420 million year-over-year, the company added.

"We finished 2015 with one of the strongest balance sheets and liquidity positions among our E&P peers," CEO John Hess said in a statement. "Looking forward, our top priority is to continue to keep our balance sheet strong. Our 2016 capital and exploratory budget is 40 percent below our 2015 spend and we will continue to pursue further cost reductions."

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Separately, recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

TheStreet Ratings rates this stock as a "sell" with a ratings score of D+. This is driven by several weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself.

You can view the full analysis from the report here: HES

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