Is Hess Stock a Buy?
Hess (NYSE: HES) has been on fire this year. The energy company's stock has rocketed nearly 60% through mid-December. While higher oil prices have helped -- crude is up more than 20% on the year -- that rebound alone hasn't been enough to fuel a rally in most oil stocks. For example, the iShares US Oil & Gas E&P ETF, which holds more than 50 oil stocks, has increased by only about 3% this year.
With shares of Hess significantly outperforming its rivals, investors might be wondering if they're still worth buying. Here's a look at the case for and against buying Hess these days.
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Source Fool.com
