Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Hess Midstream LP before investing.

In this article, we go over a few key elements for understanding Hess Midstream LP’s stock price such as:

• Hess Midstream LP’s current stock price and volume
• Why Hess Midstream LP’s stock price changed recently
• Upgrades and downgrades for HESM from analysts
• HESM’s stock price momentum as measured by its relative strength

About Hess Midstream LP (HESM)

Before we jump into Hess Midstream LP’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

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.

Want to learn more about Hess Midstream LP’s stock? Click the button below to subscribe to A+ Investor and get access to everything you need to know about Hess Midstream LP.

Hess Midstream LP’s Stock Price as of Market Close

As of October 09, 2026, 4:00 PM, CST, Hess Midstream LP’s stock price was $32.260.

Hess Midstream LP is down 5.12% from its previous closing price of $34.000.

During the last market session, Hess Midstream LP’s stock traded between $32.170 and $34.250. Currently, there are approximately 128.40 million shares outstanding for Hess Midstream LP.

Hess Midstream LP’s price-earnings (P/E) ratio is currently at 11.7, which is low compared to the Oil, Gas & Consumable Fuels industry median of 12.4. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Hess Midstream LP Stock Price History

Hess Midstream LP’s (HESM) price is currently down 13.67% so far this month.

During the month of October, Hess Midstream LP’s stock price has reached a high of $38.850 and a low of $31.990.

Over the last year, Hess Midstream LP has hit prices as high as $41.440 and as low as $31.630. Year to date, Hess Midstream LP’s stock is down 6.49%.

Sign Up to Receive a Free Special Report Showing How A+ Grades Can Help You Make Smarter Investment Decisions

What Caused Hess Midstream LP Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of October 08, 2026, there was 1 analyst who downgraded Hess Midstream LP’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Hess Midstream LP’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Hess Midstream LP’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Hess Midstream LP’s current valuation based on AAII’s Value Grade is a B, which means it is considered to be Value.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Hess Midstream LP (HESM) by visiting AAII Stock Evaluator.

Relative Price Strength of Hess Midstream LP

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of October 08, 2026, Hess Midstream LP has a weighted four-quarter relative price strength of -4.91%, which translates to a Momentum Score of 44 and is considered to be Average.

Want to learn more about how Hess Midstream LP is graded based on AAII’s composite scores for value, growth, quality and earnings estimate revisions? Subscribe to A+ Investor today.

Hess Midstream LP Stock Price: Bottom Line

As of October 9, 2026, Hess Midstream LP’s stock price is $32.260, which is down 5.12% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Hess Midstream LP stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.