As of close of business last night, Hess Midstream LP’s stock clocked out at $29.90, up 0.84% from its previous closing price of $29.65. In other words, the price has increased by $+0.25 from its previous closing price. On the day, 361257 shares were traded. HESM stock price reached its highest trading level at $29.95 during the session, while it also had its lowest trading level at $29.34.
To gain a deeper understanding of HESM’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3003.34 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 13.97. For the most recent quarter (mrq), Quick Ratio is recorded 0.90 and its Current Ratio is at 0.90. In the meantime, Its Debt-to-Equity ratio is 11.74 whereas as Long-Term Debt/Eq ratio is at 11.74.
Upgrades & Downgrades
On January 07, 2022, Morgan Stanley Downgraded its rating to Equal-Weight which previously was Overweight and also upped its target price recommendation from $31 to $32.
UBS Downgraded its Buy to Neutral on October 01, 2021, while the target price for the stock was maintained at $29.
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on May 06 when Schoonman Geurt G bought 3,249 shares for $30.77 per share. The transaction valued at 99,987 led to the insider holds 3,249 shares of the business.
Global Infrastructure Investor sold 5,117,500 shares of HESM for $145,833,398 on Apr 04. The Director now owns 0 shares after completing the transaction at $28.50 per share. On Apr 04, another insider, HESS CORP, who serves as the Director of the company, sold 5,117,500 shares for $28.50 each. As a result, the insider received 145,833,398 and left with 0 shares of the company.
As of this moment, Hess’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.66, and their Forward P/E ratio for the next fiscal year is 12.76. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.32. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.12 while its Price-to-Book (P/B) ratio in mrq is 5.31.
Stock Price History:
Over the past 52 weeks, HESM has reached a high of $35.71, while it has fallen to a 52-week low of $23.81. The 50-Day Moving Average of the stock is 27.52, while the 200-Day Moving Average is calculated to be 29.60.
It appears that HESM traded 457.20K shares on average per day over the past three months and 279.52k shares per day over the past ten days. A total of 44.00M shares are outstanding, with a floating share count of 42.87M. Insiders hold about 2.58% of the company’s shares, while institutions hold 89.50% stake in the company. Shares short for HESM as of Oct 13, 2022 were 4.53M with a Short Ratio of 4.88M, compared to 4.74M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 10.29% and a Short% of Float of 10.56%.
Dividends & Splits
With its trailing 12-month dividend rate of 1.78, HESM has a forward annual dividend rate of 2.25. Against a Trailing Annual Dividend Yield of 6.00%, it implies a Forward Annual Dividend Yield of 7.70%. The stock’s 5-year Average Dividend Yield is 7.12.
As of right now, 4 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.54 for the current quarter, with a high estimate of $0.58 and a low estimate of $0.5, while EPS last year was $0.51. The consensus estimate for the next quarter is $0.55, with high estimates of $0.62 and low estimates of $0.51.
Analysts are recommending an EPS of between $2.13 and $1.94 for the fiscal current year, implying an average EPS of $2.05. EPS for the following year is $2.46, with 4 analysts recommending between $2.99 and $2.24.
In the current quarter, 1 analysts expect revenue to total $323.53M. It ranges from a high estimate of $323.53M to a low estimate of $323.53M. As of the current estimate, Hess Midstream LP’s year-ago sales were $316.3M, an estimated increase of 2.30% from the year-ago figure. For the next quarter, 1 analysts are estimating revenue of $335.13M, an increase of 7.30% over than the figure of $2.30% in the same quarter last year. There is a high estimate of $335.13M for the next quarter, whereas the lowest estimate is $335.13M.
A total of 3 analysts have provided revenue estimates for HESM’s current fiscal year. The highest revenue estimate was $1.27B, while the lowest revenue estimate was $1.01B, resulting in an average revenue estimate of $1.18B. In the same quarter a year ago, actual revenue was $1.23B, down -4.10% from the average estimate. Based on 3 analysts’ estimates, the company’s revenue will be $1.31B in the next fiscal year. The high estimate is $1.49B and the low estimate is $1.03B. The average revenue growth estimate for next year is up 10.90% from the average revenue estimate for this year.