Hess Corporation (HES - Free Report) is a global integrated energy company that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on HES’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Hess could be a solid choice for investors.
Current Quarter Estimates for HES
In the past 30 days, two estimates have gone higher for Hess while one has gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 11 cents a share 30 days ago, to a loss of 6 cents today, a move of 45.5%.
Current Year Estimates for HES
Meanwhile, Hess’ current year figures are also looking quite promising, with two estimates moving higher in the past month, compared to one lower. The consensus estimate trend has also seen a boost for this time frame, narrowing from a loss of 78 cents per share 30 days ago to a loss of 72 cents per share today, an increase of 7.7%.
Hess Corporation Price and Consensus
The stock has also started to move higher lately, adding 13.7% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So, investors may want to consider this Zacks Rank #2 (Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
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