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Hess’s Year-over-Year Stock Performance

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Apr. 1 2016, Published 11:39 a.m. ET

Hess’s moving averages

Hess Corporation’s (HES) stock was largely volatile in 2015. However, with the recent rally in crude oil prices (USO), Hess stock has also been on an uptrend.

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%.

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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.

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