Hess Corp (HES): Today's Featured Basic Materials Winner

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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 0.2%. By the end of trading, Hess rose $1.06 (1.3%) to $82.21 on average volume. Throughout the day, 2,303,914 shares of Hess exchanged hands as compared to its average daily volume of 2,666,400 shares. The stock ranged in a price between $80.98-$82.65 after having opened the day at $80.98 as compared to the previous trading day's close of $81.15. Other companies within the Basic Materials sector that increased today were: Tonix Pharmaceuticals ( TNXP), up 30.1%, Pacific Ethanol ( PEIX), up 14.2%, Oxford Resource Partners ( OXF), up 11.5% and CF Industries Holdings ( CF), up 10.7%.

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 $27.3 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 53.2% year to date as of the close of trading on Tuesday. Currently there are 9 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 solid stock price performance, reasonable valuation levels, expanding profit margins, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front, Minco Gold Corporation ( MGH), down 15.2%, El Paso Pipeline Partners ( EPB), down 9.9%, Thompson Creek Metals Company ( TC), down 9.7% and New Concept Energy ( GBR), down 8.6% , were all laggards within the basic materials sector with ConocoPhillips ( COP) being today's basic materials sector laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the basic materials sector could consider Materials Select Sector SPDR ( XLB) while those bearish on the basic materials sector could consider ProShares Short Basic Materials Fd ( SBM).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

null

More from Markets

Microsoft Set For Record High Open as Cloud Sales Drive Q4 Earnings Blowout

Microsoft Set For Record High Open as Cloud Sales Drive Q4 Earnings Blowout

Stocks Weaken as Trump's Fed Rate Comments Open New Front in Global Trade War

Stocks Weaken as Trump's Fed Rate Comments Open New Front in Global Trade War

Aramco Considers M&A Ahead of IPO; Danaher to Split -- ICYMI

Aramco Considers M&A Ahead of IPO; Danaher to Split -- ICYMI

Tuesday Was a 'Prime' Shopping Day for Many Retailers, Not Just Amazon

Tuesday Was a 'Prime' Shopping Day for Many Retailers, Not Just Amazon

Dow Falls, Breaking 5-Day Winning Streak on Beige Book Trade-War Worries

Dow Falls, Breaking 5-Day Winning Streak on Beige Book Trade-War Worries