Hess Midstream LP [HESM] stock is trading at $40.51, down -1.58%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling.
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 [HESM] stock has fluctuated between $32.75 and $42.31 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 $40.51 at the most recent close of the market. An investor can expect a potential drop of -15.26% based on the average HESM price forecast.
Analyzing the HESM fundamentals
Hess Midstream LP [NYSE:HESM] reported sales of 1.50B for the trailing twelve months, which represents a growth of 11.05%. Gross Profit Margin for this corporation currently stands at 0.69% with Operating Profit Margin at 0.61%, Pretax Profit Margin comes in at 0.49%, and Net Profit Margin reading is 0.15%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.68 and Total Capital is 0.23.
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 39.65 points at the first support level, and at 38.78 for the second support level. However, for the 1st resistance point, the stock is sitting at 41.27, and for the 2nd resistance point, it is at 42.02.
Ratios To Look Out For
For context, Hess Midstream LP’s Current Ratio is 0.68. Further, the Quick Ratio stands at 0.68, while the Cash Ratio is 0.02. Considering the valuation of this stock, the price to sales ratio is 6.18, the price to book ratio is 7.95 and price to earnings (TTM) ratio is 16.27.
Transactions by insiders
Recent insider trading involved BlackRock Portfolio Management, 10% Owner, that happened on Feb 19 ’25 when 1.65 million shares were sold. 10% Owner, BlackRock Portfolio Management completed a deal on Feb 12 ’25 to sell 11.0 million shares. Meanwhile, Chief Financial Officer Stein Jonathan C. sold 7923.0 shares on Nov 11 ’24.
