Hess Midstream LP (NYSE:HESM) shares, rose in value on Friday, March 28, with the stock price up by 0.31% to the previous day’s close as strong demand from buyers drove the stock to $42.50.
Actively observing the price movement in the last trading, the stock closed the session at $42.37, falling within a range of $42.038 and $42.6. The value of beta (5-year monthly) was 1.441 whereas the PE ratio was 17.07 over 12-month period. Referring to stock’s 52-week performance, its high was $44.05, and the low was $32.75. On the whole, HESM has fluctuated by 3.31% over the past month.
With the market capitalization of Hess Midstream LP currently standing at about $9.69 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Jan-28. The company’s Forward Dividend Ratio is 2.71, with its dividend yield at 6.36%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.66B, with a low estimate of 380.24M and a high estimate of 387.83M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 384.28M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that HESM’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 1.17, with the price of HESM currently trading nearly 1.58% and 3.19% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 56.04, while the 7-day volatility ratio is showing 1.72% which for the 30-day chart, stands at 2.42%. Furthermore, Hess Midstream LP (HESM)’s beta value is 1.12, and its average true range (ATR) is 0.97.
A comparison of Hess Midstream LP (HESM) with its peers suggests the former has fared considerably weaker in the market. HESM showed an intraday change of 0.31% in last session, and over the past year, it grew by 19.82%%.
Data on historical trading for Hess Midstream LP (NYSE:HESM) indicates that the trading volumes over the past 10 days have averaged 1.6 and over the past 3 months, they’ve averaged 1.26 million. According to company’s latest data on outstanding shares, there are 116.74 million shares outstanding.
Nearly 1.46% of Hess Midstream LP’s shares belong to company insiders and institutional investors own 81.63% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 6.26 million shares as on 2025-03-14, resulting in a short ratio of 4.94. According to the data, the short interest in Hess Midstream LP (HESM) stood at 694.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 6.7 million. The stock has risen by 14.77% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the HESM stock heading into the next quarter.
