The stock of Hess Midstream LP (HESM) has gone up by 2.98% for the week, with a 1.36% rise in the past month and a 1.47% rise in the past quarter. The volatility ratio for the week is 1.29%, and the volatility levels for the past 30 days are 1.59% for HESM. The simple moving average for the past 20 days is 2.33% for HESM’s stock, with a 9.68% simple moving average for the past 200 days.
Is It Worth Investing in Hess Midstream LP (NYSE: HESM) Right Now?
The price-to-earnings ratio for Hess Midstream LP (NYSE: HESM) is above average at 16.27x, 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.”
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The public float for HESM is 78.38M, and currently, short sellers hold a 7.15% ratio of that floaft. The average trading volume of HESM on June 18, 2024 was 884.30K shares.
HESM) stock’s latest price update
The stock price of Hess Midstream LP (NYSE: HESM) has surged by 1.67 when compared to previous closing price of 35.31, but the company has seen a 2.98% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-06-16 that This article focuses on selecting high-growth dividend stocks with rapidly growing dividends rather than high current yields. We use our proprietary models to rate quantitatively and qualitatively and select the top ten names from an initial list of nearly 400 dividend stocks. The article provides criteria for selecting high-growth dividend stocks. It offers a step-by-step guide on structuring a portfolio based on this strategy.
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 2.42% 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 -2.55% of loss for the given period.
Volatility was left at 1.59%, however, over the last 30 days, the volatility rate increased by 1.29%, as shares surge +0.34% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.36% lower at present.
During the last 5 trading sessions, HESM rose by +3.01%, which changed the moving average for the period of 200-days by +24.26% in comparison to the 20-day moving average, which settled at $35.09. In addition, Hess Midstream LP saw 13.50% 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 Global Infrastructure Investor, who sale 1,500,000 shares at the price of $34.02 back on Jun 03 ’24. After this action, Global Infrastructure Investor now owns 0 shares of Hess Midstream LP, valued at $51,037,500 using the latest closing price.
Global Infrastructure Investor, the Director of Hess Midstream LP, sale 10,000,000 shares at $34.02 during a trade that took place back on May 31 ’24, which means that Global Infrastructure Investor is holding 0 shares at $340,250,000 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
- 0.74 for the gross margin
The net margin for Hess Midstream LP stands at 0.1. The total capital return value is set at 0.23. Equity return is now at value 45.08, with 3.83 for asset returns.
Based on Hess Midstream LP (HESM), the company’s capital structure generated 0.89 points at debt to capital in total, while cash flow to debt ratio is standing at 0.26. The debt to equity ratio resting at 8.23. The interest coverage ratio of the stock is 4.57.
Currently, EBITDA for the company is 1.01 billion with net debt to EBITDA at 3.48. When we switch over and look at the enterprise to sales, we see a ratio of 8.14. The receivables turnover for the company is 10.7for 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 0.89.
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.
