Hess’s moving averages
On February 26, 2016, it crossed its 50-day moving average (or DMA) for the first time in 2016. It continues to trade above its 50-day moving average. On March 30, 2016, HES stock was trading ~15% above its 50-day moving average.
HES barely grazed past its 200-day moving average in mid-March. However, it wasn’t able to sustain those levels. As of March 30, 2016, Hess stock was trading ~5% below its 200-day moving average. Year-over-year, Hess’s stock has declined by 26%.
A quick earnings review compared with peers
Hess (HES) recorded adjusted net losses of $1.1 billion in fiscal 2015 compared to earnings of $1.2 billion in fiscal 2014. Among its peers, Apache Corporation (APA) reported a net loss of $130 million in fiscal 2015 versus earnings of $2 billion in fiscal 2014.
Newfield Exploration (NFX) reported fiscal 2015 adjusted net income of $164 million compared to an adjusted net income of $248 million in fiscal 2014. Plus, Concho Resources (CXO) reported a net income of $110.8 million in fiscal 2015 versus $443.6 million in fiscal 2014. These companies combined make up ~0.3% of the iShares Core S&P 500 ETF (IVV).
Next, we’ll take a look at Hess Corporation’s key management objectives.