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In the latest session, Hess Midstream LP (NYSE: HESM) closed at $35.60 down -0.81% from its previous closing price of $35.89. In other words, the price has decreased by -$0.81 from its previous closing price. On the day, 1.22 million shares were traded. HESM stock price reached its highest trading level at $36.115 during the session, while it also had its lowest trading level at $35.18.
Ratios:
For a deeper understanding of Hess Midstream LP’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 32.68 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 4.75. For the most recent quarter (mrq), Quick Ratio is recorded 1.11 and its Current Ratio is at 1.11. In the meantime, Its Debt-to-Equity ratio is 7.45 whereas as Long-Term Debt/Eq ratio is at 7.41.
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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Sep 20 ’24 when Global Infrastructure Investor sold 12,650,000 shares for $35.12 per share. The transaction valued at 444,268,000 led to the insider holds 0 shares of the business.
Global Infrastructure Investor sold 10,000,000 shares of HESM for $340,250,000 on May 31 ’24. The Director now owns 0 shares after completing the transaction at $34.02 per share. On Jun 03 ’24, another insider, Global Infrastructure Investor, who serves as the Director of the company, sold 1,500,000 shares for $34.02 each. As a result, the insider received 51,037,500 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 7760764416 and an Enterprise Value of 6553401344. As of this moment, Hess’s Price-to-Earnings (P/E) ratio for their current fiscal year is 15.50, and their Forward P/E ratio for the next fiscal year is 11.49. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.39. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.26 while its Price-to-Book (P/B) ratio in mrq is 7.01. Its current Enterprise Value per Revenue stands at 4.549 whereas that against EBITDA is 6.109.
Stock Price History:
Over the past 52 weeks, HESM has reached a high of $39.11, while it has fallen to a 52-week low of $27.57. The 50-Day Moving Average of the stock is -3.00%, while the 200-Day Moving Average is calculated to be 1.92%.
Shares Statistics:
For the past three months, HESM has traded an average of 829.64K shares per day and 1210020 over the past ten days. A total of 91.42M shares are outstanding, with a floating share count of 89.84M. Insiders hold about 1.73% of the company’s shares, while institutions hold 91.11% stake in the company. Shares short for HESM as of 1724976000 were 5279147 with a Short Ratio of 6.36, compared to 1722384000 on 3958309. Therefore, it implies a Short% of Shares Outstanding of 5279147 and a Short% of Float of 7.9399999999999995.
Dividends & Splits
According to the company, the forward annual dividend rate for HESM is 2.57, from 2.571 in the trailing year. Against a Trailing Annual Dividend Yield of 0.07163556The stock’s 5-year Average Dividend Yield is 7.79.
