Hess Midstream LP (NYSE:HESM) shares, rose in value on Friday, May 09, with the stock price down by -0.19% to the previous day’s close as strong demand from buyers drove the stock to $37.00.
Actively observing the price movement in the last trading, the stock closed the session at $37.07. The PE ratio was 14.55 over 12-month period. Referring to stock’s 52-week performance, its high was $44.05, and the low was $33.59. On the whole, HESM has fluctuated by 0.41% over the past month.
With the market capitalization of Hess Midstream LP currently standing at about $8.44 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 2.76, with its dividend yield at 7.47%.
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% Sell on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 1.13, with the price of HESM currently trading nearly -0.92% and -6.32% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 43.29, while the 7-day volatility ratio is showing 2.26% which for the 30-day chart, stands at 2.88%. Furthermore, Hess Midstream LP (HESM)’s beta value is 0.59, and its average true range (ATR) is 1.18.
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 -0.19% in last session, and over the past year, it grew by 6.44%%.
Data on historical trading for Hess Midstream LP (NYSE:HESM) indicates that the trading volumes over the past 3 months, they’ve averaged 1.26 million. According to company’s latest data on outstanding shares, there are 116.78 million shares outstanding.
Nearly 1.41% of Hess Midstream LP’s shares belong to company insiders and institutional investors own 93.79% of the company’s shares. The stock has fallen by -0.08% 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.
