A Closer Look At Hess Midstream LP (HESM)’s Financials

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As of Wednesday close, Hess Midstream LP’s (NYSE:HESM) stock was up $0.25, moving up 0.84 percent to $29.90. The average number of shares traded per day over the past five days has been 327,340 shares. 5 times new highs have been achieved over the past 5 days, with a $1.40 gain in that time frame. In the last twenty days, the average volume was 401,070, while in the previous 50 days, it was 471,196.

Since last month, HESM stock rose 9.00%. Shares of the company fell to $26.64 on 10/24/22, the lowest level in the past month. A 52-week high of $35.71 was reached on 03/08/22 after having rallying from a 52-week low of $23.81. Since the beginning of this year, HESM’s stock price has risen by 8.22% or $2.27, and marked a new high 17 times. However, the stock has declined by -16.27% since its 52-week high.


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HESM stock investors should be aware that Hess Midstream LP (HESM) stock had its last reported insider trading activity 202 days ago on May 06. Schoonman Geurt G, the Director of the company, purchased of 3,249 shares for $30.77 on May 06. It resulted in a $99,987 investment by the insider. Global Infrastructure Investor sold 5,117,500 shares at an average price of $28.50 on Apr 04. The insider now owns 0 shares following the transaction. On Apr 04, Director HESS CORP sold 5,117,500 shares at $28.50 apiece. The transaction was valued at $145,833,398.

Valuation Metrics

Right now, Hess Midstream LP (HESM) has a P/E ratio of about 14.66. The stock’s beta is 1.63. Besides these, the trailing price-to-sales (P/S) ratio of 6.12, the price-to-book (PB) ratio of 5.31, and the price-to-cash flow ratio of 13.97 may also be considered.

The latest dividend of $0.5627 per share was paid out, which is 1.21% more than last year’s $0.5560. On Monday October 24 2022, a $0.0067 dividend increase was announced.

Financial Health

In the three months ended September 29, Hess Midstream LP’s quick ratio stood at 0.90, while its current ratio was 0.90, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 11.74, and the total debt-to-equity ratio was 11.74. In the year ended September 29, operating margins totaled 62.20%. Based on annual data, HESM earned $373.6 million in gross profit and brought in $662.4 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 25.70%. Return on equity (ROE) for the past 12 months was 34.90%.

In Hess Midstream LP’s quarter-end financial report for September 29, it reported total debt of $2.91 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. HESM’s revenue rose 9.23% to $313.4 million during the quarter, while net income inched up to $334.8 million. While analysts expected Hess Midstream LP to report $0.52 quarterly earnings, the actual figure was $0.53 per share, beating the consensus estimate by 1.90%. During the quarter, the company generated $135.3 million in EBITDA. The liabilities of Hess Midstream LP were 148.3 million at the end of its most recent quarter ended September 29. The value of shareholders’ equity is $54.62 million.

Technical Picture

This quick technical analysis looks at Hess Midstream LP’s (HESM) price momentum. With a historical volatility rate of 16.98%, the RSI 9-day stood at 67.56% on 23 November.

With respect to its five-day moving average, the current Hess Midstream LP price is up by +4.91% percent or $1.40. At present, HESM shares trade +5.39% above its 20-day simple moving average and +8.69% percent above its 100-day simple moving average. However, the stock is currently trading approximately +3.42% above its SMA50 and +0.47% above its SMA200.

Stochastic coefficient K was 78.56% and Stochastic coefficient D was 62.57%, while ATR was 0.85. Given the Stochastic reading of 95.70% for the 14-day period, the RSI (14) reading has been calculated as 62.42%. As of today, the MACD Oscillator reading stands at 0.56, while the 14-day reading stands at 0.52.

Analyst Ratings

Hess Midstream LP downgraded its rating on Hess Midstream LP (NYSE: HESM) to an Equal weight in a note to investors on March 10, 2022. The analysts firm previously had an Overweight rating on the stock.Hess Midstream LP (HESM) has been rated Overweight by analysts. According to 0 brokerage firms, HESM is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Hess Midstream LP stock as buy, with 2 recommending it as overweight.

With a median target price of $34.00, the current consensus forecast for the stock is $32.00 – $36.00. Based on these forecasts, analysts predict Hess Midstream LP (HESM) will achieve an average price target of $34.00.

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