Hess Midstream LP HESM
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Relative Strength Index (RSI)
- The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It is typically used to identify overbought or oversold conditions in financial markets.
- The RSI is calculated using the following formula:
RSI = 100 - (100 / (1 + RS))
Where RS is the ratio of the average gains to the average losses over a specified period.
- The default time period used is 14 days.
- RSI values range between 0 and 100.
RSI values above 70 are considered overbought (indicating a potentially opportune time to sell)
RSI values below 30 are considered oversold (indicating a potentially opportune time to buy)
RSI is not a perfect indicator and should be used in conjunction with other technical analysis tools, this is for informational purposes only and is not a substitute for professional financial advice.
About
Hess Midstream LP (HESM) Business Model and Operations Summary
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 exporting. 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.
Key Insights
Hess Midstream LP (HESM) Core Market Data and Business Metrics
Latest Closing Price
$41.81Market Cap
$5.44 BillionTotal Outstanding Shares
131.08 Million SharesTotal Employees
220Current Dividend
$0.74 Per Share QuarterlyIPO Date
April 5, 2017SIC Description
Crude Petroleum & Natural GasHeadquarters
1501 Mckinney Street, Houston, TX, 77010