Hess Midstream LP (NYSE: HESM) is 11.95% higher on its value in year-to-date trading and has touched a low of $25.63 and a high of $35.94 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The HESM stock was last observed hovering at around $35.72 in the last trading session, with the day’s loss setting it -0.31%.
Currently trading at $35.41, the stock is 3.21% and 6.26% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.95 million and changing -0.87% at the moment leaves the stock 14.44% off its SMA200. HESM registered 30.28% gain for a year compared to 6-month gain of 18.87%. The firm has a 50-day simple moving average (SMA 50) of $4.48 and a 200-day simple moving average (SMA200) of $5.93.
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The stock witnessed a 8.09% loss in the last 1 month and extending the period to 3 months gives it a 15.87%, and is 0.74% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.76% over the week and 1.66% over the month.
Hess Midstream LP (HESM) has around 211 employees, a market worth around $2.83B and $1.35B in sales. Current P/E ratio is 17.00 and Fwd P/E is 10.98. Profit margin for the company is 8.79%. Distance from 52-week low is 38.14% and -1.47% from its 52-week high. The company has generated returns on investments over the last 12 months (3.35%).
Hess Midstream LP quarterly earnings per share for the current quarter are estimated at $0.62 with sales reaching $349.59M over the same period.The EPS is expected to grow by 31.55% this year, but quarterly earnings will post 11.40% year-over-year.
265 institutions hold shares in Hess Midstream LP (HESM), with institutional investors hold 79.39% of the company’s shares. The shares outstanding are 79.87M, and float is at 78.11M with Short Float at 5.96%. Institutions hold 78.23% of the Float.
The top institutional shareholder in the company is Alps Advisors Inc. with over 8.62 million shares valued at $264.5 million. The investor’s holdings represent 15.16% of the HESM Shares outstanding. As of Jun 29, 2023, the second largest holder is Energy Income Partners, LLC with 3.79 million shares valued at $116.43 million to account for 6.67% of the shares outstanding. The other top investors are Invesco Ltd. which holds 3.27 million shares representing 5.75% and valued at over $100.34 million, while Tortoise Capital Advisors, LLC holds 5.65% of the shares totaling 3.22 million with a market value of $98.64 million.
Hess Midstream LP (HESM) Insider Activity
The most recent transaction is an insider sale by Gatling John A., the company’s President and COO. SEC filings show that Gatling John A. sold 2,231 shares of the company’s common stock on Mar 13 ’24 at a price of $35.78 per share for a total of $79825.0. Following the sale, the insider now owns 56732.0 shares.
Hess Midstream LP disclosed in a document filed with the SEC on Feb 08 ’24 that Global Infrastructure Investor (Director) sold a total of 11,500,000 shares of the company’s common stock. The trade occurred on Feb 08 ’24 and was made at $32.83 per share for $377.55 million. Following the transaction, the insider now directly holds 0.0 shares of the HESM stock.
Still, SEC filings show that on Aug 22 ’23, Global Infrastructure Investor (Director) disposed off 1,500,000 shares at an average price of $28.59 for $42.88 million. The insider now directly holds 0 shares of Hess Midstream LP (HESM).
