Price Over Earnings Overview: Hess
Portfolio Pulse from Benzinga Insights
Hess Inc.'s stock price is currently at $141.20, after a 0.71% increase. However, the stock has fallen by 12.29% over the past month and by 2.96% over the past year. Hess's P/E ratio of 29.45 is higher than the aggregate P/E ratio of the Oil, Gas & Consumable Fuels industry, which is 8.52. This could indicate that the stock is overvalued, but it could also suggest that investors expect the company to perform better in the future.
November 10, 2023 | 2:00 pm
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Hess Inc.'s P/E ratio is higher than the industry average, indicating that investors may expect better future performance. However, the stock has been falling, which could suggest it is overvalued.
Hess Inc.'s P/E ratio is higher than the industry average, which could suggest that investors expect the company to perform better in the future. However, the stock's recent performance, with a fall of 12.29% over the past month, could indicate that it is overvalued. Therefore, the impact on the stock price in the short term is uncertain.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100