Hess ( HES) pushed the Basic Materials sector higher today making it today's featured basic materials winner. The sector as a whole closed the day up 0.7%. By the end of trading, Hess rose $1.34 (2.0%) to $67.05 on average volume. Throughout the day, 3,362,739 shares of Hess exchanged hands as compared to its average daily volume of 3,276,500 shares. The stock ranged in a price between $66.21-$67.50 after having opened the day at $66.26 as compared to the previous trading day's close of $65.71. Other companies within the Basic Materials sector that increased today were: Methes Energies International ( MEIL), up 20.8%, KiOR ( KIOR), up 18.4%, Ceres ( CERE), up 18.1% and Pacific Booker Minerals ( PBM), up 16.9%. Hess Corporation, together with its subsidiaries, operates as an independent energy company worldwide. It operates in two segments, Exploration and Production (E&P), and Marketing and Refining (M&R). Hess has a market cap of $21.9 billion and is part of the energy industry. The company has a P/E ratio of 8.1, below the S&P 500 P/E ratio of 17.7. Shares are up 24.1% year to date as of the close of trading on Wednesday. Currently there are 8 analysts that rate Hess a buy, no analysts rate it a sell, and 7 rate it a hold. TheStreet Ratings rates Hess as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and attractive valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow.
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