Currently, there are 104.07M common shares owned by the public and among those 102.46M shares have been available to trade.
The company’s stock has a 5-day price change of 3.94% and 4.75% over the past three months. HESM shares are trading 18.43% year to date (YTD), with the 12-month market performance up to 17.95% higher. It has a 12-month low price of $30.72 and touched a high of $39.11 over the same period. HESM has an average intraday trading volume of 836.43K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 1.75%, 3.83%, and 3.77% respectively.
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Institutional ownership of Hess Midstream LP (NYSE: HESM) shares accounts for 91.16% of the company’s 104.07M shares outstanding.
It has a market capitalization of $8.17B and a beta (3y monthly) value of 1.49. The stock’s trailing 12-month PE ratio is 15.86, while the earnings-per-share (ttm) stands at $2.36. The company has a PEG of 1.59 and a Quick Ratio of 0.70 with the debt-to-equity ratio at 6.57. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.68% over the week and 2.44% over the month.
Earnings per share for the fiscal year are expected to increase by 15.62%, and 30.27% over the next financial year. EPS should shrink at an annualized rate of 10.00% over the next five years, compared to 10.77% over the past 5-year period.
Looking at the support for the HESM, a number of firms have released research notes about the stock. JP Morgan stated their Neutral rating for the stock in a research note on March 08, 2024, with the firm’s price target at $37. Goldman coverage for the Hess Midstream LP (HESM) stock in a research note released on October 06, 2023 offered a Buy rating with a price target of $32. UBS was of a view on May 10, 2023 that the stock is Buy, while Raymond James gave the stock Outperform rating on April 21, 2023, issuing a price target of $35. Citigroup on their part issued Buy rating on December 09, 2022.
