Hess Midstream last month hit an all-time high amid rising profit and sales growth the last three quarters in a row. On Thursday the Relative Strength (RS) Rating for No. 1 ranked Hess stock climbed five points to 75.
Hess is a leader in processing and delivering natural gas, which is seen as a more "green" energy than gasoline and coal for power plants, utility vehicles and home heating. That's led to fast growth for the Houston-based company. The upgraded 75 RS Rating shows that small-cap Hess stock outperformed 75% of all stock in IBD's database this past year.
Market history reveals that top-performing stocks often have an 80 or better RS Rating in the early stages of their moves. See if Hess Midstream can continue to rebound and clear that threshold.
Hess Stock Ratings Shine
Hess Midstream earns the No. 1 rank among its peers in the 48-stock Oil&Gas-Transportation/Pipeline industry group. Dorian LPG and Navigator Holdings are also among the group's highest-rated stocks.
Among its other ratings Hess stock has a near-best 98 Composite Rating out of 99. It also owns a 94 Earnings Per Share Rating and an A SMR Rating, on an A-to-E scale with A terrific and E horrible. The A rating reflects its strong fundamentals.
Additionally, it has a B- Accumulation/Distribution Rating, showing that institutional investors such as mutual funds and university funds are buying more shares than selling.
When To Sell Stocks To Lock In Profits And Minimize Losses
In terms of fundamentals, Hess Midstream has posted four quarters of accelerating earnings growth. Revenue growth has also increased over the same time frame. Hess Midstream on April 25 reported a 26% surge in first quarter earnings to 59 cents per share on a 17% hike in revenue to $355.6 million.
"We delivered a solid first quarter, underpinned by strong operational performance and continued focus on gas capture," said John Gatling, Hess Midstream president and COO," in the earnings news release.
Working On A Flat Base, Nearing Buy Point
Hess stock is working on a flat base with a 36.84 entry. See if the stock can break out in heavy trading. It trades above its 200-day line and just below its 50-day. Thursday afternoon Hess stock traded just below 35.
IBD's proprietary Relative Strength Rating measures market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the trailing 52 weeks stacks up against all the other stocks in our database.
Please follow James DeTar on X, formerly known as Twitter, @JimDeTar
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