NEW YORK (
) hit a new 52-week high Monday as it traded at $86.31 compared with its previous 52-Week high of $86.12. Hess is changing hands at $86.05 with 352,124 shares traded as of 9:41 a.m. ET. Average volume has been 3.1 million shares over the past 30 days.
Hess has a market cap of $27.5 billion and is part of the
industry. Shares are up 10.8% year to date as of the close of trading on Friday.
Hess Corporation, together with its subsidiaries, operates as an integrated energy company worldwide. It operates in two segments, Exploration and Production (E&P) and Marketing and Refining (M&R). The company has a P/E ratio of 12.9, equal to the average energy industry P/E ratio and below the S&P 500 P/E ratio of 22.6.
TheStreet Ratings rates Hess as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full
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