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Hess (HES) Stock Down Ahead of Earnings Results

NEW YORK (TheStreet) -- Hess (HES - Get Report) stock is retreating by 4.43% to $56.11 in midday trading on Tuesday, ahead of the company's financial results for the 2015 third quarter, which are due out before the market open on Wednesday.

Analysts have forecast that the company will post a year over year decline in both earnings per share and revenue.

Analysts surveyed by Thomson Reuters expect Hess to report a loss of $1.19 per share on revenue of $1.62 billion.

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Last year, the company reported earnings of $1.24 per share on revenue of 2.8 billion for the 2014 third quarter.

Based in New York City, Hess develops, produces, purchases, transports and sells crude oil and natural gas.

Separately, TheStreet Ratings team rates HESS CORP as a Hold with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation:

We rate HESS CORP...