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Hess Corporation (HES): Strong Industry, Solid Earnings Estimate Revisions

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One stock that might be an intriguing choice for investors right now is Hess Corporation (HES - Free Report) . This is because this security in the Oil-US Integrated space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.

This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Oil-US Integrated space as it currently has a Zacks Industry Rank of 15 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.

Meanwhile, Hess Corporation is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.

HESS CORP Price and Consensus

HESS CORP Price and Consensus | HESS CORP Quote

In fact, over the past month, current quarter estimates have narrowed from a loss of $1.32 per share to a loss of $1.25 per share. However, current year estimates have narrowed from a loss of $5.19 per share to a loss of $5.07 a cents per share.  This has helped HES to earn a Zacks Rank #2 (Buy), which is a favorable signal.

So, if you are looking for a decent pick in a strong industry, consider Hess Corporation. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.

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