Market Recap Check: Hess Midstream LP (HESM)’s Negative Finish at 35.77, Up/Down -0.58

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The price of Hess Midstream LP (NYSE: HESM) closed at $35.77 in the last session, down -0.58% from day before closing price of $35.98. In other words, the price has decreased by -$0.58 from its previous closing price. On the day, 0.62 million shares were traded. HESM stock price reached its highest trading level at $36.56 during the session, while it also had its lowest trading level at $35.57.

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 757.07 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 11.91. For the most recent quarter (mrq), Quick Ratio is recorded 0.70 and its Current Ratio is at 0.70. In the meantime, Its Debt-to-Equity ratio is 6.57 whereas as Long-Term Debt/Eq ratio is at 6.53.

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 Nov 11 ’24 when Stein Jonathan C. sold 7,923 shares for $35.32 per share. The transaction valued at 279,840 led to the insider holds 59,945 shares of the business.

Stein Jonathan C. bought 7,923 shares of HESM for $277,860 on Nov 11 ’24. On Sep 20 ’24, another insider, Global Infrastructure Investor, who serves as the Director of the company, sold 12,650,000 shares for $35.12 each. As a result, the insider received 444,268,000 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 7843574272 and an Enterprise Value of 7112933376. As of this moment, Hess’s Price-to-Earnings (P/E) ratio for their current fiscal year is 15.14, and their Forward P/E ratio for the next fiscal year is 11.35. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.51. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.36 while its Price-to-Book (P/B) ratio in mrq is 7.01. Its current Enterprise Value per Revenue stands at 4.885 whereas that against EBITDA is 6.536.

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 $30.08. The 50-Day Moving Average of the stock is -0.30%, while the 200-Day Moving Average is calculated to be -0.33%.

Shares Statistics:

According to the various share statistics, HESM traded on average about 823.31K shares per day over the past 3-months and 643340 shares per day over the past 10 days. A total of 104.07M shares are outstanding, with a floating share count of 102.46M. Insiders hold about 1.55% of the company’s shares, while institutions hold 91.16% stake in the company. Shares short for HESM as of 1732838400 were 4181402 with a Short Ratio of 5.08, compared to 1730332800 on 4502195. Therefore, it implies a Short% of Shares Outstanding of 4181402 and a Short% of Float of 5.29.

Dividends & Splits

The forward annual dividend rate for HESM is 2.64, which was 2.638 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.07331851The stock’s 5-year Average Dividend Yield is 7.77.

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