The price-to-earnings ratio for Hess Midstream LP (NYSE: HESM) is above average at 17.11x, Company’s 36-month beta value is 1.49.Analysts have differing opinions on the stock, with 5 analysts rating it as a “buy,” 1 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for HESM is 78.35M, and currently, short sellers hold a 5.57% ratio of that floaft. The average trading volume of HESM on April 25, 2024 was 901.31K shares.
HESM) stock’s latest price update
Hess Midstream LP (NYSE: HESM)’s stock price has plunge by 0.85relation to previous closing price of 35.33. Nevertheless, the company has seen a 2.56% surge in its stock price over the last five trading sessions. 24/7 Wall Street reported 2024-04-16 that Sponsored: Want to Retire Early?
HESM’s Market Performance
Hess Midstream LP (HESM) has experienced a 2.56% rise in stock performance for the past week, with a -0.03% drop in the past month, and a 7.42% rise in the past quarter. The volatility ratio for the week is 1.98%, and the volatility levels for the past 30 days are at 1.64% for HESM. The simple moving average for the past 20 days is 0.13% for HESM’s stock, with a 11.85% simple moving average for the past 200 days.
Analysts’ Opinion of HESM
Many brokerage firms have already submitted their reports for HESM stocks, with JP Morgan repeating the rating for HESM by listing it as a “Neutral.” The predicted price for HESM in the upcoming period, according to JP Morgan is $37 based on the research report published on March 08, 2024 of the current year 2024.
Goldman, on the other hand, stated in their research note that they expect to see HESM reach a price target of $32. The rating they have provided for HESM stocks is “Buy” according to the report published on October 06th, 2023.
UBS gave a rating of “Buy” to HESM, setting the target price at $37 in the report published on May 10th of the previous year.
HESM Trading at 1.82% from the 50-Day Moving Average
After a stumble in the market that brought HESM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -3.28% of loss for the given period.
Volatility was left at 1.64%, however, over the last 30 days, the volatility rate increased by 1.98%, as shares surge +0.45% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.76% upper at present.
During the last 5 trading sessions, HESM rose by +2.56%, which changed the moving average for the period of 200-days by +17.36% in comparison to the 20-day moving average, which settled at $35.59. In addition, Hess Midstream LP saw 12.65% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at HESM starting from Gatling John A., who sale 2,231 shares at the price of $35.78 back on Mar 13 ’24. After this action, Gatling John A. now owns 56,732 shares of Hess Midstream LP, valued at $79,825 using the latest closing price.
Global Infrastructure Investor, the Director of Hess Midstream LP, sale 11,500,000 shares at $32.83 during a trade that took place back on Feb 08 ’24, which means that Global Infrastructure Investor is holding 0 shares at $377,545,000 based on the most recent closing price.
Stock Fundamentals for HESM
Current profitability levels for the company are sitting at:
- 0.61 for the present operating margin
- 0.79 for the gross margin
The net margin for Hess Midstream LP stands at 0.18. The total capital return value is set at 0.23. Equity return is now at value 40.53, with 3.22 for asset returns.
Based on Hess Midstream LP (HESM), the company’s capital structure generated 0.9 points at debt to capital in total, while cash flow to debt ratio is standing at 0.27. The debt to equity ratio resting at 9.44. The interest coverage ratio of the stock is 4.56.
Currently, EBITDA for the company is 1.01 billion with net debt to EBITDA at 3.67. When we switch over and look at the enterprise to sales, we see a ratio of 8.67. The receivables turnover for the company is 10.83for trailing twelve months and the total asset turnover is 0.36. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.65.
Conclusion
In a nutshell, Hess Midstream LP (HESM) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
