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. 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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