Hess Midstream LP (NYSE: HESM) is 10.56% higher on its value in year-to-date trading and has touched a low of $27.57 and a high of $39.11 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 $35.76 in the last trading session, with the day’s loss setting it -0.79%.
Currently trading at $34.97, the stock is -3.44% and -4.43% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.79 million and changing -2.21% at the moment leaves the stock -0.02% off its SMA200. HESM registered 17.94% gain for a year compared to 6-month gain of -2.40%. The firm has a 50-day simple moving average (SMA 50) of $36.5202 and a 200-day simple moving average (SMA200) of $34.9976.
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The stock witnessed a -5.44% loss in the last 1 month and extending the period to 3 months gives it a -4.27%, and is -1.96% down 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 1.99% over the week and 1.91% over the month.
Hess Midstream LP (HESM) has around 211 employees, a market worth around $3.20B and $1.44B in sales. Current P/E ratio is 15.23 and Fwd P/E is 11.29. Profit margin for the company is 11.58%. Distance from 52-week low is 26.84% and -10.59% from its 52-week high. The company has generated returns on investments over the last 12 months (4.27%).
The EPS is expected to grow by 20.91% this year
313.0 institutions hold shares in Hess Midstream LP (HESM), with institutional investors hold 95.30% of the company’s shares. The shares outstanding are 91.42M, and float is at 89.84M with Short Float at 6.75%. Institutions hold 94.10% of the Float.
The top institutional shareholder in the company is ALPS ADVISORS INC with over 16.05 million shares valued at $584.96 million. The investor’s holdings represent 19.1558 of the HESM Shares outstanding. As of 2024-06-30, the second largest holder is TORTOISE CAPITAL ADVISORS, L.L.C. with 7.43 million shares valued at $270.69 million to account for 8.8643 of the shares outstanding. The other top investors are GOLDMAN SACHS GROUP INC which holds 5.47 million shares representing 6.5318 and valued at over $199.46 million, while MIRAE ASSET GLOBAL ETFS HOLDINGS LTD. holds 4.7319 of the shares totaling 3.97 million with a market value of $144.5 million.
Hess Midstream LP (HESM) Insider Activity
The most recent transaction is an insider sale by Global Infrastructure Investor, the company’s Director. SEC filings show that Global Infrastructure Investor sold 12,650,000 shares of the company’s common stock on Sep 20 ’24 at a price of $35.12 per share for a total of $444.27 million. Following the sale, the insider now owns 0.0 shares.
Hess Midstream LP disclosed in a document filed with the SEC on May 31 ’24 that Global Infrastructure Investor (Director) sold a total of 10,000,000 shares of the company’s common stock. The trade occurred on May 31 ’24 and was made at $34.02 per share for $340.25 million. Following the transaction, the insider now directly holds 0.0 shares of the HESM stock.
Still, SEC filings show that on Jun 03 ’24, Global Infrastructure Investor (Director) disposed off 1,500,000 shares at an average price of $34.02 for $51.04 million. The insider now directly holds 0 shares of Hess Midstream LP (HESM).
