Hess has Relatively Underperformed its Peers in the Integrated Oil & Gas Industry (HES, OXY, XOM, EC, CVX)

Print Share

Dec 31, 2012 (Fast Lane via COMTEX) -- Analysis was conducted on the Integrated Oil & Gas industry to measure relative performance to find stocks that have underperformed. Relative underperformance is a possible bearish sign of underlying fundamental and technical weakness should it continue for an extended period of time. We looked at yesterday's price action of all companies in this peer group and measured their performance against one another. Hess (NYSE:HES) ranks first with a loss of 2.23%; Occidental Petroleum (NYSE:OXY) ranks second with a loss of 2.03%; and Exxon Mobil (NYSE:XOM) ranks third with a loss of 2.03%.

Ecopetrol (NYSE:EC) follows with a loss of 1.95% and Chevron (NYSE:CVX) rounds out the bottom five with a loss of 1.91%.Hess Corporation is a global integrated energy company. The Company explores for, produces, markets, and refines crude oil and natural gas. The Company operates in countries that include Algeria, Australia, Azerbaijan, Brazil, Denmark, Egypt, Equatorial Guinea, Gabon, Ghana, Indonesia, Libya, Malaysia, Norway, Peru, Russia, Thailand, the United Kingdom and the United States.


Financial News Network Online (FNNO) is a leading provider of digital financial news content for distribution on the web. You can count on FNNO to bring you the latest market news, earnings reports, analyst comments, economic data reports and more. Visit http://www.fnno.com today.

Copyright, Comtex News Network, Inc. 2012

Free Stock Analysis From Zacks

Includes Zacks Long-Term Recommendation and Target Price

Zacks Research is Reported On:

Zacks Investment Research

is an A+ Rated BBB

Accredited Business.