Is Hess Midstream LP (NYSE: HESM) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility.

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Stocks Info

HESM belongs to the Energy sector of the NYSE while operating in the Oil & Gas Midstream industry. The current market capitalization of Hess Midstream LP is $2.95B. A total of 0.97 million shares were traded on the day, compared to an average of 920.61K shares.

In the most recent transaction, Global Infrastructure Investor sold 1,500,000 shares of HESM for 34.02 per share on Jun 03 ’24. After the transaction, the Director now owns 0 company shares. In a previous transaction on May 31 ’24, Global Infrastructure Investor sold 10,000,000 shares at 34.02 per share. HESM shares that Director owns now total 0.

Among the insiders who sold shares, Gatling John A. disposed of 2,231 shares on Mar 13 ’24 at a per-share price of $35.78. This resulted in the President and COO holding 56,732 shares of HESM after the transaction. In another insider transaction, Global Infrastructure Investor sold 11,500,000 shares at $32.83 per share on Feb 08 ’24. Company shares held by the Director now total 0.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Hess Midstream LP pays an annual dividend of $2.50, resulting in a dividend yield of 6.78%, and it has a price to earnings (P/E) ratio of 16.75. HESM’s most recent ex-dividend date was 8/8/2024 when it declared a $0.6677 quarterly dividend that was paid in cash on 8/14/2024. Previously, the company paid the dividend on 5/14/2024 with an ex-dividend date of 5/1/2024. The HESM stock dividend was $0.6516 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, HESM has a high of $39.11 and a low of $27.57.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. HESM’s latest balance sheet shows that the firm has $2.20M in Cash & Short Term Investments as of fiscal 2021. There were $2.56B in debt and $170.90M in liabilities at the time. Its Book Value Per Share was $5.06, while its Total Shareholder’s Equity was $753.10M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for HESM is Buy with a score of 4.00.

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