During the recent session, Hess Midstream LP (NYSE:HESM)’s traded shares were 1.89 million, with the beta value of the company hitting 0.59. At the last check today, the stock’s price was $36.94, reflecting an intraday loss of -3.27% or -$1.25. The 52-week high for the HESM share is $44.05, that puts it down -19.25 from that peak though still a striking 9.07% gain since the share price plummeted to a 52-week low of $33.59. The company’s market capitalization is $7.96B, and the average trade volume was 1.10 million shares over the past three months.
Hess Midstream LP (HESM) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 2.00. HESM has a Sell rating from 0 analyst(s) out of 5 analysts who have looked at this stock. 3 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.75.
Hess Midstream LP (NYSE:HESM) trade information
Hess Midstream LP (HESM) registered a -3.27% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -3.27% in intraday trading to $36.94, hitting a weekly high. The stock’s 5-day price performance is -3.01%, and it has moved by -4.07% in 30 days. Based on these gigs, the overall price performance for the year is 4.12%.
The consensus price target of analysts on Wall Street is $34, which implies a decrease of -8.65% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $34 and $35 respectively. As a result, HESM is trading at a premium of 5.25% off the target high and 7.96% off the low.
Hess Midstream LP (HESM) estimates and forecasts
In the rating firms’ projections, revenue will increase 10.75% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 405.08M as predicted by 4 analyst(s). Meanwhile, a consensus of 4 analyst(s) estimates revenue growth to 428.4M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 365.5M and 378.5M respectively. In this case, analysts expect current quarter sales to grow by 10.83% and then jump by 13.18% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -7.52%. While earnings are projected to return 12.32% in 2025, the next five years will return 12.78% per annum.
HESM Dividends
Hess Midstream LP is due to release its next quarterly earnings in June. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Hess Midstream LP is 2.76, with the dividend yield indicating at 7.48 percent, continuing the trend of increasing dividends in recent years.
Hess Midstream LP (NYSE:HESM)’s Major holders
The next largest institutional holding, with 7.43 million shares, is of TORTOISE CAPITAL ADVISORS, L.L.C.’s that is approximately 8.8643% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $270.69 million.
Also, the Mutual Funds coming in first place with the largest holdings of Hess Midstream LP (HESM) shares are ALPS ETF TRUST-ALERIAN MLP ETF and GLOBAL X FUNDS-Global X MLP ETF. Data provided on Feb 28, 2025 indicates that ALPS ETF TRUST-ALERIAN MLP ETF owns about 21.79 shares. This amounts to just over 18.66 percent of the company’s overall shares, with a $809.41 million market value. The same data shows that the other fund manager holds slightly less at 4.14, or about 3.55% of the stock, which is worth about $153.79 million.
