Hess Midstream LP (NYSE:HESM)’s traded shares stood at 2.27 million during the latest session, with the company’s beta value hitting 1.47. At the last check today, the stock’s price was $34.38, to imply a decrease of -4.01% or -$1.43 in intraday trading. The HESM share’s 52-week high remains $36.84, putting it -7.16% down since that peak but still an impressive 21.87% since price per share fell to its 52-week low of $26.86. The company has a valuation of $2.75B, with an average of 824.75K shares over the past 3 months.
Hess Midstream LP (NYSE:HESM) trade information
After registering a -4.01% downside in the latest session, Hess Midstream LP (HESM) has traded red over the past five days. The stock hit a weekly high of 36.30, dropping -4.01% in its intraday price action. The 5-day price performance for the stock is -3.20%, and 0.81% over 30 days. With these gigs, the year-to-date price performance is 8.68%.
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Hess Midstream LP (HESM) estimates and forecasts
Looking at statistics comparing Hess Midstream LP share performance against respective industry, we note that the company has outperformed competitors. Hess Midstream LP (HESM) shares are 6.85% up over the last 6 months, with its year-to-date growth rate higher than industry average at 20.19% against -1.80%. The rating firms project that company’s revenue will grow 10.70% compared to the previous financial year.
Revenue forecast for the current quarter as set by 4 analysts is 365.81M. Meanwhile, for the current quarter, a total of 4 analyst(s) estimate revenue growth to 382.6M.Earnings reports from the last fiscal year show that sales brought in 322.43M and 363.1M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 13.50% before jumping 5.40% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 10.77% for the past 5-year period. While 2024 is set for a 28.21% return in earnings, projections for the next 5 years are at 11.14% annually.
HESM Dividends
Hess Midstream LP has its next earnings report out in June. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Hess Midstream LP has a forward dividend ratio of 2.50, with the share yield ticking at 7.29% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
