The stock of Hess Midstream LP (HESM) has seen a 0.36% increase in the past week, with a -1.83% drop in the past month, and a -3.68% decrease in the past quarter. The volatility ratio for the week is 1.67%, and the volatility levels for the past 30 days are at 1.72% for HESM. The simple moving average for the past 20 days is -0.09% for HESM’s stock, with a 2.34% simple moving average for the past 200 days.
Is It Worth Investing in Hess Midstream LP (NYSE: HESM) Right Now?
Hess Midstream LP (NYSE: HESM) has a price-to-earnings ratio of 15.63x that is above its average ratio. Additionally, the 36-month beta value for HESM is 1.48. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 1 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
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The public float for HESM is 89.84M and currently, short sellers hold a 6.75% ratio of that float. The average trading volume of HESM on October 03, 2024 was 845.52K shares.
HESM) stock’s latest price update
Hess Midstream LP (NYSE: HESM)’s stock price has increased by 1.47 compared to its previous closing price of 35.37. However, the company has seen a 0.36% increase in its stock price over the last five trading sessions. 247wallst.com reported 2024-09-25 that 24/7 Wall St. Insights Weaker demand in the United States and China and rising supply have hit oil pricing.
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 -1.20% 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 -8.23% of loss for the given period.
Volatility was left at 1.72%, however, over the last 30 days, the volatility rate increased by 1.67%, as shares sank -1.24% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.56% lower at present.
During the last 5 trading sessions, HESM rose by +0.36%, which changed the moving average for the period of 200-days by +14.23% in comparison to the 20-day moving average, which settled at $35.90. In addition, Hess Midstream LP saw 13.47% 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 12,650,000 shares at the price of $35.12 back on Sep 20 ’24. After this action, Global Infrastructure Investor now owns 0 shares of Hess Midstream LP, valued at $444,268,000 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
- 0.69 for the gross margin
The net margin for Hess Midstream LP stands at 0.12. The total capital return value is set at 0.23. Equity return is now at value 43.54, with 4.33 for asset returns.
Based on Hess Midstream LP (HESM), the company’s capital structure generated 0.88 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 7.45. 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 3.27. When we switch over and look at the enterprise to sales, we see a ratio of 7.84. The receivables turnover for the company is 12.73for 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 1.11.
Conclusion
In conclusion, Hess Midstream LP (HESM) has seen mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
