Hess Midstream LP (HESM)

Hess Midstream LP is trading at $31.07, up 1.30% on the session. The 50 day average sits at $38.27 and the 200 day at $38.12, which puts the stock in a uptrend. RSI is at 22.1, which reads as oversold, and MACD is bearish crossover. Volume is below average.

The nearest support is around $29.85 with resistance near $38.85, so that band frames the current range. Average daily movement is roughly $1.21, or about 3.9% of the share price, which is what any stop placement has to allow for. The overall health score of 34 out of 100 combines a trend score of 30, momentum of 28 and a risk score of 48.

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.