A share price of Hess Midstream LP [HESM] is currently trading at $36.23, up 0.95%. An important factor to consider is whether the stock is rising or falling in short-term value. The HESM shares have gain 3.60% over the last week, with a monthly amount drifted -0.30%, 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.
Hess Midstream LP experienced fluctuations in its stock price throughout the past year 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 $36.23 at the most recent close of the market. An investor can expect a potential drop of -5.24% based on the average HESM price forecast.
Analyzing the HESM fundamentals
Trailing Twelve Months sales for Hess Midstream LP [NYSE:HESM] were 1.44B which represents 12.81% growth. Gross Profit Margin for this corporation currently stands at 0.69% with Operating Profit Margin at 0.61%, Pretax Profit Margin comes in at 0.48%, and Net Profit Margin reading is 0.12%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.4 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 7.45.
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 35.69 points at the first support level, and at 35.15 for the second support level. However, for the 1st resistance point, the stock is sitting at 36.61, and for the 2nd resistance point, it is at 36.99.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Hess Midstream LP [NYSE:HESM] is 1.11. On the other hand, the Quick Ratio is 1.11, and the Cash Ratio is 0.52. Considering the valuation of this stock, the price to sales ratio is 2.30, the price to book ratio is 7.13 and price to earnings (TTM) ratio is 15.77.
Transactions by insiders
Recent insider trading involved Global Infrastructure Investor, Director, that happened on Sep 20 ’24 when 12.65 million shares were sold. Director, Global Infrastructure Investor completed a deal on May 31 ’24 to sell 10.0 million shares. Meanwhile, Director Global Infrastructure Investor sold 1.5 million shares on Jun 03 ’24.
