Hess Midstream LP [NYSE: HESM] loss -2.38% on the last trading session, reaching $37.28 price per share at the time.
If compared to the average trading volume of 1.10M shares, HESM reached a trading volume of 6186952 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Hess Midstream LP [HESM]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for HESM shares is $44.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on HESM stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
JP Morgan have made an estimate for Hess Midstream LP shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on March 08, 2024. While these analysts kept the previous recommendation, Goldman raised their target price to Buy. The new note on the price target was released on October 06, 2023, representing the official price target for Hess Midstream LP stock. Previously, the target price had yet another raise to $37, while UBS analysts kept a Buy rating on HESM stock.
The Average True Range (ATR) for Hess Midstream LP is set at 1.00, with the Price to Sales ratio for HESM stock in the period of the last 12 months amounting to 5.28. The Price to Book ratio for the last quarter was 7.24, with the Price to Cash per share for the same quarter was set at 0.03. Price to Free Cash Flow for HESM in the course of the last twelve months was 12.16 with Quick ratio for the last quarter at 0.81.
Trading performance analysis for HESM stock
Hess Midstream LP [HESM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.13. With this latest performance, HESM shares dropped by -3.19% in over the last four-week period, additionally plugging by 1.36% over the last 6 months – not to mention a rise of 5.07% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for HESM stock in for the last two-week period is set at 43.36, with the RSI for the last a single of trading hit 39.67, and the three-weeks RSI is set at 44.76 for Hess Midstream LP [HESM]. The present Moving Average for the last 50 days of trading for this stock 38.78, while it was recorded at 38.04 for the last single week of trading, and 37.85 for the last 200 days.
Hess Midstream LP [HESM]: A deeper dive into fundamental analysis
Hess Midstream LP’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.81 and a Current Ratio set at 0.81.
Hess Midstream LP [HESM]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for HESM. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Hess Midstream LP go to 12.78%.
An analysis of Institutional ownership at Hess Midstream LP [HESM]
The top three institutional holders of HESM stocks are: ALPS ADVISORS INC with ownership of 16.05 million shares, which is approximately 19.1558%. TORTOISE CAPITAL ADVISORS, L.L.C., holding 7.43 million shares of the stock with an approximate value of $$270.69 million in HESM stocks shares; and TORTOISE CAPITAL ADVISORS, L.L.C., currently with $$199.46 million in HESM stock with ownership which is approximately 6.5318%.
