Hess Midstream LP Class A Share (NYSE:HESM) traded today at a new 52-week high of $31.35. This new high was reached on below average trading volume as 130,000 shares traded hands, while the average 30-day volume is approximately 488,000 shares.
Hess Midstream LP owns, operates, develops, and acquires a diverse set of midstream assets and provides fee-based services to Hess and third-party customers. It conducts its business through three operating segments: gathering, processing and storage and terminaling and export. The company derives the maximum revenue from the gathering segment. Its gathering segment consists of the following assets namely Natural Gas Gathering and Compression; Crude Oil Gathering and Produced Water Gathering and Disposal.
Hess Midstream LP Class A Share (NYSE:HESM) defies analysts with a current price ($31.23) 21.6% above its average consensus price target of $24.50.
In the past 52 weeks, Hess Midstream LP Class A Share share prices are bracketed by a low of $20.36 and a high of $31.35 and is now at $31.23, 53% above that low price.
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