At the time of writing, Hess Midstream LP [HESM] stock is trading at $37.51, down -2.34%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The HESM shares have lost -2.57% over the last week, with a monthly amount glided 2.18%, and 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.
For the past year, the stock price of Hess Midstream LP fluctuated between $27.57 and $39.11. 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 $37.51 at the most recent close of the market. An investor can expect a potential drop of -8.48% based on the average HESM price forecast.
Analyzing the HESM fundamentals
According to Hess Midstream LP [NYSE:HESM], the company’s sales were 1.40B for trailing twelve months, which represents an 16.59% jump. 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 0.35 and Total Capital is 0.23. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of8.23.
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 37.06 points at the first support level, and at 36.60 for the second support level. However, for the 1st resistance point, the stock is sitting at 38.31, and for the 2nd resistance point, it is at 39.10.
Ratios To Look Out For
It is important to note that Hess Midstream LP [NYSE:HESM] has a current ratio of 0.89. Also, the Quick Ratio is 0.89, while the Cash Ratio stands at 0.03. Considering the valuation of this stock, the price to sales ratio is 2.14, the price to book ratio is 7.41 and price to earnings (TTM) ratio is 17.00.
Transactions by insiders
Recent insider trading involved Global Infrastructure Investor, Director, that happened on Jun 03 ’24 when 1.5 million shares were sold. Director, Global Infrastructure Investor completed a deal on May 31 ’24 to sell 10.0 million shares. Meanwhile, President and COO Gatling John A. sold 2231.0 shares on Mar 13 ’24.
