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.
Source: Fool.com