In the last trading session, 0.41 million Hess Midstream LP (NYSE:HESM) shares changed hands as the company’s beta touched 1.47. With the company’s per share price at $35.48 changed hands at $0.18 or 0.51% during last session, the market valuation stood at $2.84B. HESM’s last price was a discount, traded about -3.83% off its 52-week high of $36.84. The share price had its 52-week low at $26.86, which suggests the last value was 24.3% up since then. When we look at Hess Midstream LP’s average trading volume, we note the 3-month average coming to 833.83K.
Hess Midstream LP (NYSE:HESM) trade information
Instantly HESM was in green as seen at the end of in last trading. With action 0.17%, the performance over the past five days has been green. The jump to weekly highs of 36.19 added 0.51% to the stock’s daily price. The company’s shares are showing year-to-date upside of 12.17%, with the 5-day performance at 0.17% in the green. However, in the 30-day time frame, Hess Midstream LP (NYSE:HESM) is 1.55% up.
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Hess Midstream LP (HESM) estimates and forecasts
Data shows that the Hess Midstream LP share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 11.05% over the past 6 months, a 20.19% in annual growth rate that is considerably higher than the industry average of -1.80%. Year-over-year growth is forecast to reach 10.70% up from the last financial year.
Consensus estimates given by 4 financial analysts project the company’s revenue in the current quarter to hit an average of 365.81M. 4 analysts are of the opinion that Hess Midstream LP’s revenue for the current quarter will be 382.6M. The company’s revenue for the corresponding quarters a year ago was 322.43M and 363.1M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 13.50%. The estimates for the next quarter sales put growth at 5.40%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 10.77%. The 2024 estimates are for Hess Midstream LP earnings to increase by 28.21%, but the outlook for the next 5-year period is at 11.14% per year.
HESM Dividends
Hess Midstream LP is expected to release its next quarterly earnings report in June. The 7.06% annual yield figure for the share gives it an annual dividend of 2.50. It is important to note, however, that the 7.06% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.
