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The price of Hess Midstream LP (NYSE: HESM) closed at $33.48 in the last session, down -1.82% from day before closing price of $34.10. In other words, the price has decreased by -$1.82 from its previous closing price. On the day, 1.01 million shares were traded. HESM stock price reached its highest trading level at $33.59 during the session, while it also had its lowest trading level at $32.75.
Ratios:
We take a closer look at HESM’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 495.19 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 4.16. For the most recent quarter (mrq), Quick Ratio is recorded 0.65 and its Current Ratio is at 0.65. In the meantime, Its Debt-to-Equity ratio is 9.44 whereas as Long-Term Debt/Eq ratio is at 9.40.
On May 10, 2023, UBS started tracking the stock assigning a Buy rating and target price of $37.UBS initiated its Buy rating on May 10, 2023, with a $37 target price.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Mar 13 ’24 when Gatling John A. sold 2,231 shares for $35.78 per share. The transaction valued at 79,825 led to the insider holds 56,732 shares of the business.
Global Infrastructure Investor sold 11,500,000 shares of HESM for $377,545,000 on Feb 08 ’24. The Director now owns 0 shares after completing the transaction at $32.83 per share. On Aug 22 ’23, another insider, Global Infrastructure Investor, who serves as the Director of the company, sold 1,500,000 shares for $28.59 each. As a result, the insider received 42,885,000 and left with 0 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, HESM now has a Market Capitalization of 7578633216 and an Enterprise Value of 5902968832. As of this moment, Hess’s Price-to-Earnings (P/E) ratio for their current fiscal year is 15.20, and their Forward P/E ratio for the next fiscal year is 10.61. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.36. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.91 while its Price-to-Book (P/B) ratio in mrq is 6.73. Its current Enterprise Value per Revenue stands at 4.219 whereas that against EBITDA is 5.657.
Stock Price History:
Over the past 52 weeks, HESM has reached a high of $36.84, while it has fallen to a 52-week low of $26.86. The 50-Day Moving Average of the stock is -4.85%, while the 200-Day Moving Average is calculated to be 4.74%.
Shares Statistics:
According to the various share statistics, HESM traded on average about 915.60K shares per day over the past 3-months and 968790 shares per day over the past 10 days. A total of 79.87M shares are outstanding, with a floating share count of 78.35M. Insiders hold about 1.91% of the company’s shares, while institutions hold 76.90% stake in the company. Shares short for HESM as of 1713139200 were 4879692 with a Short Ratio of 5.33, compared to 1710460800 on 3888454. Therefore, it implies a Short% of Shares Outstanding of 4879692 and a Short% of Float of 8.88.
Dividends & Splits
The forward annual dividend rate for HESM is 3.09, which was 2.505 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.07489148The stock’s 5-year Average Dividend Yield is 7.83.
