The stock of Hess Midstream LP (HESM) has gone up by 2.92% for the week, with a 15.31% rise in the past month and a 18.24% rise in the past quarter. The volatility ratio for the week is 2.40%, and the volatility levels for the past 30 days are 2.40% for HESM. The simple moving average for the past 20 days is 6.36% for HESM’s stock, with a 15.47% 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 17.76x that is above its average ratio. Additionally, the 36-month beta value for HESM is 1.50. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 1 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
The public float for HESM is 102.46M and currently, short sellers hold a 6.52% ratio of that float. The average trading volume of HESM on January 29, 2025 was 862.27K shares.
HESM) stock’s latest price update
Hess Midstream LP (NYSE: HESM)’s stock price has soared by 2.62 in relation to previous closing price of 40.87. Nevertheless, the company has seen a gain of 2.92% in its stock price over the last five trading days. businesswire.com reported 2025-01-29 that HOUSTON–(BUSINESS WIRE)—- $HESM–Hess Midstream LP (NYSE: HESM) (“Hess Midstream”) today provided financial and operational guidance and expectations. “We continue to successfully execute our strategy of focused investments to capture increasing volumes in the Bakken,” said John Gatling, President and Chief Operating Officer of Hess Midstream. “Our growth is underpinned by Hess’ planned development activity and continuing to provide quality midstream services to our customers in the basin. We are star.
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 previous 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 11.33% 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 able to rebound, for now settling with 0.79% of gains for the given period.
Volatility was left at 2.40%, however, over the last 30 days, the volatility rate increased by 2.40%, as shares surge +13.90% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +21.70% upper at present.
During the last 5 trading sessions, HESM rose by +2.13%, which changed the moving average for the period of 200-days by +16.35% in comparison to the 20-day moving average, which settled at $39.41. In addition, Hess Midstream LP saw 13.26% 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 8.64. 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
In conclusion, Hess Midstream LP (HESM) has seen better performance in recent times. Analysts have a mixed 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.