Shares of HES fell by 1.51% or $-0.89/share to $57.89. Hess Corporation is trading at a price to book ratio of 1.06. This indicates that the shares are relatively cheap compared to book value which means the market is pricing in going concern value. The PEG is 0.66 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 0.54. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 5072790 shares of HES exchange hands on a given day and today's volume is recorded at 2071054. These factors combined may make this company a potential takeover candidate. Value investors may have an eye on this one, especially if the stock gets cheaper.
Hess Corporation (Hess) is a global integrated energy company that operates in two segments: Exploration and Production (E&P), and Marketing and Refining (M&R).
