Hess Midstream LP (NYSE: HESM) is 14.99% higher on its value in year-to-date trading and has touched a low of $30.72 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 $37.30 in the last trading session, with the day’s loss setting it -0.93%.
Currently trading at $36.37, the stock is -0.66% and 1.22% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.73 million and changing -2.49% at the moment leaves the stock 1.17% off its SMA200. HESM registered 14.23% gain for a year compared to 6-month gain of -0.44%. The firm has a 50-day simple moving average (SMA 50) of $35.922 and a 200-day simple moving average (SMA200) of $35.9453.
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The stock witnessed a -0.68% loss in the last 1 month and extending the period to 3 months gives it a 4.00%, and is 2.22% 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 2.75% over the week and 2.47% over the month.
Hess Midstream LP (HESM) has around 211 employees, a market worth around $7.93B and $1.46B in sales. Current P/E ratio is 15.40 and Fwd P/E is 11.61. Profit margin for the company is 13.06%. Distance from 52-week low is 18.39% and -7.01% from its 52-week high. The company has generated returns on investments over the last 12 months (4.75%).
The EPS is expected to grow by 15.62% this year
326.0 institutions hold shares in Hess Midstream LP (HESM), with institutional investors hold 93.96% of the company’s shares. The shares outstanding are 104.07M, and float is at 102.46M with Short Float at 5.47%. Institutions hold 92.91% 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 Stein Jonathan C., the company’s Chief Financial Officer. SEC filings show that Stein Jonathan C. sold 7,923 shares of the company’s common stock on Nov 11 ’24 at a price of $35.32 per share for a total of $0.28 million. Following the sale, the insider now owns 59945.0 shares.
Still, SEC filings show that on Sep 20 ’24, Global Infrastructure Investor (Director) disposed off 12,650,000 shares at an average price of $35.12 for $444.27 million. The insider now directly holds 0 shares of Hess Midstream LP (HESM).
