Hess Midstream LP (HESM) Stock Analysis
Breakout setup
Energy · Oil & Gas Midstream
Wait for pullback to $36.93. BUY gates pass at $39.01, but concentration risk — Customer: Chevron and concentration risk — Geographic: Bakken argue for a more patient entry. Engine's entry $36.93 (Default 5pct Sticky) is the shallowest technical level that clears the 2:1 A.R:R minimum.
Hess Midstream LP acquires, owns, operates, and develops midstream assets and provide fee-based services to sponsor, its subsidiaries, and third-party customers in the United States. It operates through three segments: Gathering; Processing and Storage; and Terminaling and... Read more
Wait for pullback to $36.93. BUY gates pass at $39.01, but concentration risk — Customer: Chevron and concentration risk — Geographic: Bakken argue for a more patient entry. Engine's entry $36.93 (Default 5pct Sticky) is the shallowest technical level that clears the 2:1 A.R:R minimum. Chart setup: Golden cross, above all MAs, RSI 46, MACD bullish. Earnings in 3 days. Wait until post-earnings. Score 5.7/10, moderate confidence.
Passes 5/7 gates (positive momentum, clean insider activity, no SEC red flags, news events none recent, semi cycle peak clear). Fails on favorable risk/reward ratio and earnings proximity 3d<=7d. Suitability: moderate.
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- HIGHCustomerChevron10-K Item 1A: 'Chevron currently accounts for substantially all of our revenues.'
- HIGHGeographicBakken10-K Item 1A: 'Substantially all of our assets are located in the Bakken'
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. Full disclaimer
Rating Breakdown
1 floor-breaker
Growth below the gate floor. Component breakdown shows what dragged the score down.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Wait for pullback to $36.93. BUY gates pass at $39.01, but concentration risk — Customer: Chevron and concentration risk — Geographic: Bakken argue for a more patient entry. Engine's entry $36.93 (Default 5pct Sticky) is the shallowest technical level that clears the 2:1 A.R:R minimum. Chart setup: Golden cross, above all MAs, RSI 46, MACD bullish. Earnings in 3 days. Wait until post-earnings. Target $39.59 (+1.5%), stop $35.12 (−11.1%), Setup A.R:R 1.6:1. Score 5.7/10, moderate confidence.
Take-profit target: $39.59 (+6.9% upside). Target $39.59 (+1.5%), stop $35.12 (−11.1%), Setup A.R:R 1.6:1. Stop-loss: $35.12.
Concentration risk — Customer: Chevron; Concentration risk — Geographic: Bakken; Analyst target reached - limited upside remaining.
Hess Midstream LP trades at a P/E of 13.4 (forward 12.5). TrendMatrix value score: 6.5/10. Verdict: Buy (Wait for Entry).
12 analysts cover HESM with a consensus score of 2.6/5. Average price target: $38.
What does Hess Midstream LP do?Hess Midstream LP acquires, owns, operates, and develops midstream assets and provide fee-based services to sponsor,...
Hess Midstream LP acquires, owns, operates, and develops midstream assets and provide fee-based services to sponsor, its subsidiaries, 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 system consists of approximately 1,430 miles of high- and low-pressure natural gas and natural gas liquids gathering pipelines with capacity of approximately 685 million cubic feet per day; crude oil gathering system comprises approximately 615 miles of crude oil gathering pipelines; and produces water gathering system that includes approximately 360 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; Mentor Storage Terminal, a propane storage cavern and rail, and truck loading and unloading facility located in Mentor, Minnesota; and Terminaling and Export segment that owns Ramberg terminal facility, the 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; and other DAPL connections. Hess Midstream LP was formerly known as Hess Midstream Partners LP and changed its name to Hess Midstream LP in December 2019. Hess Midstream LP was founded in 2014 and is based in Houston, Texas.