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Hess Midstream (HESM) Stock Price, News & Analysis

Hess Midstream logo
$36.82 +0.75 (+2.08%)
(As of 11/21/2024 ET)

About Hess Midstream Stock (NYSE:HESM)

Key Stats

Today's Range
$36.40
$37.05
50-Day Range
$34.19
$37.18
52-Week Range
$30.08
$39.11
Volume
689,601 shs
Average Volume
889,648 shs
Market Capitalization
$8.03 billion
P/E Ratio
15.60
Dividend Yield
7.44%
Price Target
$38.67
Consensus Rating
Hold

Company Overview

Hess Midstream LP owns, develops, operates, and acquires midstream assets and provide fee-based services to Hess and third-party customers in the United States. It operates through three segments: Gathering; Processing and Storage; and Terminaling and Export. The Gathering segment owns natural gas gathering and compression systems; crude oil gathering systems; and produced water gathering and disposal facilities. Its gathering systems consists of approximately 1,410 miles of high and low pressure natural gas and natural gas liquids gathering pipelines with capacity of approximately 660 million cubic feet per day; crude oil gathering system comprises approximately 570 miles of crude oil gathering pipelines; and produced water gathering system that includes approximately 300 miles of pipelines in gathering systems. The Processing and Storage segment comprises Tioga Gas Plant, a natural gas processing and fractionation plant located in Tioga, North Dakota; a 50% interest in the Little Missouri 4 gas processing plant located in south of the Missouri River in McKenzie County, North Dakota; and Mentor Storage Terminal, a propane storage cavern and rail, and truck loading and unloading facility located in Mentor, Minnesota. The Terminaling and Export segment owns Ramberg terminal facility; Tioga rail terminal; crude oil rail cars; and other Dakota access pipeline connections, as well as Johnson's Corner Header System, a crude oil pipeline header system. Hess Midstream LP was founded in 2014 and is based in Houston, Texas.

Hess Midstream Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
49th Percentile Overall Score

HESM MarketRank™: 

Hess Midstream scored higher than 49% of companies evaluated by MarketBeat, and ranked 190th out of 263 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Hess Midstream has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Hess Midstream has received no research coverage in the past 90 days.

  • Read more about Hess Midstream's stock forecast and price target.
  • Earnings Growth

    Earnings for Hess Midstream are expected to grow by 12.24% in the coming year, from $2.45 to $2.75 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Hess Midstream is 15.60, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.64.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Hess Midstream is 15.60, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 17.11.

  • Price to Book Value per Share Ratio

    Hess Midstream has a P/B Ratio of 18.14. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Hess Midstream's valuation and earnings.
  • Percentage of Shares Shorted

    2.06% of the outstanding shares of Hess Midstream have been sold short.
  • Short Interest Ratio / Days to Cover

    Hess Midstream has a short interest ratio ("days to cover") of 5.2.
  • Change versus previous month

    Short interest in Hess Midstream has recently increased by 6.64%, indicating that investor sentiment is decreasing significantly.
  • Dividend Leadership

    Hess Midstream is a leading dividend payer. It pays a dividend yield of 7.54%, putting its dividend yield in the top 25% of dividend-paying stocks.

  • Dividend Growth

    Hess Midstream does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Hess Midstream is 116.10%. Payout ratios above 75% are not desirable because they may not be sustainable.

  • Dividend Sustainability

    Based on EPS estimates, Hess Midstream will have a dividend payout ratio of 99.64% in the coming year. This indicates that Hess Midstream may not be able to sustain their current dividend.

  • Read more about Hess Midstream's dividend.
  • Percentage of Shares Shorted

    2.06% of the outstanding shares of Hess Midstream have been sold short.
  • Short Interest Ratio / Days to Cover

    Hess Midstream has a short interest ratio ("days to cover") of 5.2.
  • Change versus previous month

    Short interest in Hess Midstream has recently increased by 6.64%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Hess Midstream has a news sentiment score of 1.67. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.71 average news sentiment score of Oils/Energy companies.
  • News Coverage This Week

    MarketBeat has tracked 2 news articles for Hess Midstream this week, compared to 4 articles on an average week.
  • Search Interest

    17 people have searched for HESM on MarketBeat in the last 30 days. This is an increase of 113% compared to the previous 30 days.
  • MarketBeat Follows

    Only 4 people have added Hess Midstream to their MarketBeat watchlist in the last 30 days. This is a decrease of -56% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Hess Midstream insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $444,547,840.00 in company stock.

  • Percentage Held by Institutions

    92.41% of the stock of Hess Midstream is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Hess Midstream's insider trading history.
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HESM Stock News Headlines

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Hess Midstream Reports Strong Q3 2024 Earnings
See More Headlines

HESM Stock Analysis - Frequently Asked Questions

Hess Midstream's stock was trading at $31.63 at the beginning of 2024. Since then, HESM shares have increased by 16.4% and is now trading at $36.82.
View the best growth stocks for 2024 here
.

Hess Midstream LP (NYSE:HESM) released its quarterly earnings results on Wednesday, October, 30th. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.58 by $0.05. The business's revenue for the quarter was up 4.2% compared to the same quarter last year.

Hess Midstream (HESM) raised $250 million in an initial public offering on Wednesday, April 5th 2017. The company issued 12,500,000 shares at $19.00-$21.00 per share. Goldman Sachs, Morgan Stanley, Citigroup, J.P. Morgan, MUFG and Wells Fargo Securities served as the underwriters for the IPO and ING, Scotia, Howard Weil, SMBC Nikko, Barclays, HSBC and TD Securities were co-managers.

Top institutional shareholders of Hess Midstream include Kayne Anderson Capital Advisors LP (1.20%), CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT (0.59%), Yaupon Capital Management LP (0.57%) and Brookfield Corp ON (0.50%). Insiders that own company stock include Jonathan C Stein, John A Gatling, Corp Hess and Infrastructure Investor Global.
View institutional ownership trends
.

Shares of HESM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Hess Midstream investors own include NVIDIA (NVDA), Broadcom (AVGO), Meta Platforms (META), Arista Networks (ANET), Adobe (ADBE), Jabil (JBL) and e.l.f. Beauty (ELF).

Company Calendar

Last Earnings
10/30/2024
Ex-Dividend for 11/14 Dividend
11/07/2024
Dividend Payable
11/14/2024
Today
11/22/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
1/29/2025

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
Petroleum And Natural Gas
Previous Symbol
NASDAQ:HESM
Fax
N/A
Employees
200
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$38.67
High Stock Price Target
$40.00
Low Stock Price Target
$37.00
Potential Upside/Downside
+5.0%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$118.60 million
Pretax Margin
48.13%

Debt

Sales & Book Value

Annual Sales
$1.35 billion
Cash Flow
$1.43 per share
Book Value
$2.03 per share

Miscellaneous

Free Float
N/A
Market Cap
$8.03 billion
Optionable
Optionable
Beta
1.51
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This page (NYSE:HESM) was last updated on 11/22/2024 by MarketBeat.com Staff
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