Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.
While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.
For momentum investors, upward or downward trends in a stock's price or earnings outlook take precedent, so they'll want to zero in on the Momentum Style Score. This Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
Headquartered in New York, Hess is a leading oil and natural gas exploration and production company. The upstream energy player primarily operates in the prolific offshore Guyana resources. The company’s operations are also spread across key resources like the U.S. Gulf of Mexico, and offshore Suriname and Canada.
HES sits at a Zacks Rank #3 (Hold), holds a Momentum Style Score of A, and has a VGM Score of A. The stock is down 2.2% and up 11.5% over the past one-week and four-week period, respectively, and Hess has gained 3.8% in the last one-year period as well. Additionally, an average of 1,605,534.25 shares were traded over the last 20 trading sessions.
Momentum investors also pay close attention to a company's earnings. For HES, four analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.11 to $9.40 per share for 2024. HES boasts an average earnings surprise of 29%.
With strong earnings growth, a good Zacks Rank, and top-tier Momentum and VGM Style Scores, investors should think about adding HES to their portfolios.
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Hess Corporation (HES) : Free Stock Analysis Report
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