Hess Stock Hits New 52-Week Low (HES)

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.

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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