With 0.92 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.8 million shares. During the session, the Oil & Gas Midstream company that operates in wider Energy sector, reached to the highest price of $40.3799 whereas the lowest price it dropped to was $39.523. The 52-week range on HESM shows that it touched its highest point at $40.60 and its lowest point at $32.03 during that stretch. It currently has a 1-year price target of $40.80. With its current market cap of 8.79 billion, HESM has annualized dividend of $2.64 while the current yield stands at 6.55%. HESM paid its most recent dividend on 1730937600, while the ex-dividend date for that was 1730937600. Beta for the stock currently stands at 1.49.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of HESM was up-trending over the past week, with a rise of 4.87%, but this was up by 9.81% over a month. Three-month performance surged to 12.41% while six-month performance rose 4.68%. The stock gained 24.57% in the past year, while it has gained 8.83% so far this year. A look at the trailing 12-month EPS for HESM yields 2.36 with Next year EPS estimates of 3.13. For the next quarter, that number is 0.67. This implies an EPS growth rate of 15.62% for this year and 30.27% for next year. EPS is expected to grow by 10.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 10.77%.
Float and Shares Shorts:
At present, 104.07 million HESM shares are outstanding with a float of 102.46 million shares on hand for trading. On 2024-12-31, short shares totaled 7.12 million, which was 684.0 higher than short shares on 1732838400. In addition to Mr. John B. Hess as the firm’s Chairman & CEO of Hess Midstream GP LLC, Mr. John A. Gatling serves as its President & COO of Hess Midstream GP LLC.
Institutional Ownership:
Through their ownership of 0.93236 of HESM’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, HESM reported revenue of $377600000.0 and operating income of $231700000.0. The EBITDA in the recently reported quarter was $286900000.0 and diluted EPS was $0.63.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for HESM since 5 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 3 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With HESM analysts setting a high price target of 42.0 and a low target of 39.0, the average target price over the next 12 months is 40.8. Based on these targets, HESM could surge 4.22% to reach the target high and fall by -3.23% to reach the target low. Reaching the average price target will result in a growth of 1.24% from current levels.
Analysts have provided yearly estimates in a range of $2.60364 being high and $2.1962 being low. For HESM, this leads to a yearly average estimate of $2.40489. Based on analyst estimates, the high estimate for the next quarter is $1.02 and the low estimate is $0.48. The average estimate for the next quarter is thus $0.76.
