Hess Midstream LP [HESM] stock prices are up 0.92% to $35.08 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The HESM shares have gain 4.78% over the last week, with a monthly amount drifted -2.72%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Hess Midstream LP [NYSE: HESM] stock has seen the most recent analyst activity on March 08, 2024, when JP Morgan downgraded its rating to a Neutral but kept the price target unchanged to $37 for it. On May 10, 2023, UBS initiated with a Buy rating and assigned a price target of $37 on the stock. Raymond James started tracking the stock assigning a Outperform rating and suggested a price target of $35 on April 21, 2023. Citigroup initiated its recommendation with a Buy and recommended $34 as its price target on December 09, 2022. Wells Fargo downgraded its rating to Equal Weight for this stock on March 10, 2022, but kept the price target unchanged to $33. In a note dated January 07, 2022, Morgan Stanley downgraded an Equal-Weight rating on this stock and boosted its target price from $31 to $32.
The stock price of Hess Midstream LP [HESM] has been fluctuating between $26.86 and $36.84 over the past year. Currently, Wall Street analysts expect the stock to reach $34.33 within the next 12 months. Hess Midstream LP [NYSE: HESM] shares were valued at $35.08 at the most recent close of the market. An investor can expect a potential drop of -2.14% based on the average HESM price forecast.
Analyzing the HESM fundamentals
The Hess Midstream LP [NYSE:HESM] reported sales of 1.40B for trailing twelve months, representing a surge of 16.59%. Gross Profit Margin for this corporation currently stands at 0.74% with Operating Profit Margin at 0.61%, Pretax Profit Margin comes in at 0.48%, and Net Profit Margin reading is 0.1%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.36 and Total Capital is 0.23. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 9.16.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 34.58 points at the first support level, and at 34.07 for the second support level. However, for the 1st resistance point, the stock is sitting at 35.35, and for the 2nd resistance point, it is at 35.62.
Hess Midstream LP [HESM] reported earnings per share of $0.59 for its fiscal quarter that ended on 3/31/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.63/share, meaning a difference of -$0.04 and a surprise factor of -6.30%. By comparison, the stated earnings for the previous quarter ended on 12/31/2023 were $0.55 per share as compared to estimates of $0.63 per share, a difference of -$0.08 representing a surprise of -12.70%.
Ratios To Look Out For
It’s worth pointing out that Hess Midstream LP [NYSE:HESM]’s Current Ratio is 0.89. Further, the Quick Ratio stands at 0.89, while the Cash Ratio is -0.03. Considering the valuation of this stock, the price to sales ratio is 2.00, the price to book ratio is 6.93 and price to earnings (TTM) ratio is 15.90.
Transactions by insiders
Recent insider trading involved Gatling John A., President and COO, that happened on Mar 13 ’24 when 2231.0 shares were sold. Director, Global Infrastructure Investor completed a deal on Feb 08 ’24 to sell 11.5 million shares. Meanwhile, Director Global Infrastructure Investor sold 1.5 million shares on Aug 22 ’23.
