Near a 12-Year Low, Is Hess a Buy?
We may have hit the turning point for the oil industry. Maybe. Some oil and gas stocks seem to be on the upswing after years of declines. Beleaguered giant BP (NYSE: BP), for example, is up 7.9% so far this year.
Sadly, however, that hasn't translated into outperformance across the sector. Some oil and gas exploration and production stocks like Hess (NYSE: HES) and Apache Corporation (NYSE: APA) are still trading close to multiyear lows. Hess, in particular, is trading near levels the stock hasn't seen since 2005. Let's look a little closer to see if the stock is a buy at these prices.
Investors who have bought Hess over the last dozen years haven't had much luck. Could that be about to change? Image source: Getty Images.
Source: Fool.com
APA Corporation Stock
€38.00
-0.040%
Our community is currently high on APA Corporation with 27 Buy predictions and 21 Sell predictions.
On the other hand, the target price of 35 € is below the current price of 38.0 € for APA Corporation, so the potential is actually -7.88%.
