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NEW YORK (

TheStreet

) --

Hess

(NYSE:

HES

) hit a new 52-week low Thursday as it is currently trading at $41.82, below its previous 52-week low of $41.85 with 3.8 million shares traded as of 1:10 p.m. ET. Average volume has been five million shares over the past 30 days.

Hess has a market cap of $15.14 billion and is part of the

basic materials

sector and

energy

industry. Shares are down 22.2% year to date as of the close of trading on Wednesday.

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Hess Corporation, together with its subsidiaries, operates as an integrated energy company. The company operates in two segments, Exploration and Production (E&P) and Marketing and Refining (M&R). The company has a P/E ratio of 11.5, equal to the average energy industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Hess as a

hold

. The company's strengths can be seen in multiple areas, such as its attractive valuation levels and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. You can view the full

Hess Ratings Report

.

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