Why Hess (HES) Might be Well Poised for a Surge

The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this oil and gas producer, should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. Our stock rating tool -- the Zacks Rank -- has this insight at its core. For Hess, there has been strong agreement among the covering analysts in raising earnings estimates, which has helpe ...