Hess Midstream LP (NYSE:HESM)’s traded shares stood at 0.7 million during the last session, with the company’s beta value hitting 0.59. At the close of trading, the stock’s price was $38.16, to imply an increase of 0.39% or $0.15 in intraday trading. The HESM share’s 52-week high remains $44.05, putting it -15.44% down since that peak but still an impressive 11.98% since price per share fell to its 52-week low of $33.59.
Analysts have given a consensus recommendation of Hold for Hess Midstream LP (HESM), translating to a mean rating of 2.00. Of 5 analyst(s) looking at the stock, 0 analyst(s) give HESM a Sell rating. 0 of those analysts rate the stock as Overweight while 3 advise Hold as 2 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.77.
Hess Midstream LP (NYSE:HESM) trade information
After registering a 0.39% upside in the last session, Hess Midstream LP (HESM) has traded red over the past five days. The 5-day price performance for the stock is -1.85%, and -2.05% over 30 days. With these gigs, the year-to-date price performance is 3.05%.
The extremes give us $34 and $35 for target low and target high price respectively. As such, HESM has been trading 8.28% off suggested target high and 10.9% from its likely low.
Hess Midstream LP (HESM) estimates and forecasts
The rating firms project that company’s revenue will grow 10.39% compared to the previous financial year.
Revenue forecast for the current quarter as set by 4 analysts is 405.08M. Meanwhile, for the current quarter, a total of 4 analyst(s) estimate revenue growth to 428.4M.Earnings reports from the last fiscal year show that sales brought in 365.5M and 378.5M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 10.83% before jumping 13.18% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -7.52% for the past 5-year period. While 2025 is set for a 12.44% return in earnings, projections for the next 5 years are at 12.85% 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 2.76, with the share yield ticking at 7.24% to continue the rising pattern observed over the past year.
The next major institution holding the largest number of shares is TORTOISE CAPITAL ADVISORS, L.L.C. with 7.43 million shares, or about 8.8643% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $270.69 million.
We also have ALPS ETF TRUST-ALERIAN MLP ETF and GLOBAL X FUNDS-Global X MLP ETF as the top two Mutual Funds with the largest holdings of the Hess Midstream LP (HESM) shares. Going by data provided on Feb 28, 2025 , ALPS ETF TRUST-ALERIAN MLP ETF holds roughly 21.79 shares. This is just over 18.66% of the total shares, with a market valuation of $831.42 million. Data from the same date shows that the other fund manager holds a little less at 4.14, or 3.55% of the shares, all valued at about 157.97 million.