In the past week, HESM stock has gone down by -0.54%, with a monthly decline of -2.22% and a quarterly plunge of -3.83%. The volatility ratio for the week is 1.96%, and the volatility levels for the last 30 days are 1.58% for Hess Midstream LP The simple moving average for the past 20 days is 0.31% for HESM’s stock, with a -1.11% 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 that is above its average at 14.90x. The stock has a 36-month beta value of 1.47. Opinions on the stock are mixed, with 5 analysts rating it as a “buy,” 1 as “overweight,” 2 as “hold,” and 0 as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for HESM is 102.28M, and at present, short sellers hold a 4.40% of that float. On November 15, 2024, the average trading volume of HESM was 849.82K shares.
HESM) stock’s latest price update
The stock of Hess Midstream LP (NYSE: HESM) has increased by 2.92 when compared to last closing price of 34.20. Despite this, the company has experienced a -0.54% fall in its stock price over the last five trading sessions. seekingalpha.com reported 2024-10-31 that All stocks have at least five fiscal years of dividend growth history and come from the U.S. Dividend Champions List. They have an average increase of 5.2% and a median increase of 4.2%. There are sixteen increases for next week, up from six last week.
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 -1.11% 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 -10.00% of loss for the given period.
Volatility was left at 1.58%, however, over the last 30 days, the volatility rate increased by 1.96%, as shares sank -1.21% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.47% lower at present.
During the last 5 trading sessions, HESM fell by -0.54%, which changed the moving average for the period of 200-days by +4.11% in comparison to the 20-day moving average, which settled at $35.09. In addition, Hess Midstream LP saw 11.29% 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 Stein Jonathan C., who sale 7,923 shares at the price of $35.32 back on Nov 11 ’24. After this action, Stein Jonathan C. now owns 59,945 shares of Hess Midstream LP, valued at $279,840 using the latest closing price.
Stein Jonathan C., the Officer of Hess Midstream LP, proposed sale 7,923 shares at $35.07 during a trade that took place back on Nov 11 ’24, which means that Stein Jonathan C. is holding shares at $277,860 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
- 0.63 for the gross margin
The net margin for Hess Midstream LP stands at 0.13. The total capital return value is set at 0.23. Equity return is now at value 42.34, with 4.80 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 0.27. The debt to equity ratio resting at 7.9. The interest coverage ratio of the stock is 4.48.
Currently, EBITDA for the company is 1.02 billion with net debt to EBITDA at 3.18. When we switch over and look at the enterprise to sales, we see a ratio of 7.66. The receivables turnover for the company is 416.03for trailing twelve months and the total asset turnover is 0.35. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.70.
Conclusion
To sum up, Hess Midstream LP (HESM) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
