This Is Too Hot For Hess Midstream LP (NYSE: HESM), Let’s Take A Closer Look

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities.

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Stocks Info

As a NYSE listed company, HESM falls under the Energy sector while operating within the Oil & Gas Midstream industry segment. The current market capitalization of Hess Midstream LP is $3.24B. A total of 0.67 million shares were traded on the day, compared to an average of 858.08K shares.

In the most recent transaction, Global Infrastructure Investor sold 12,650,000 shares of HESM for 35.12 per share on Sep 20 ’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, Global Infrastructure Investor disposed of 1,500,000 shares on Jun 03 ’24 at a per-share price of $34.02. This resulted in the Director holding 0 shares of HESM after the transaction. In another insider transaction, Gatling John A. sold 2,231 shares at $35.78 per share on Mar 13 ’24. Company shares held by the President and COO now total 56,732.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Hess Midstream LP pays an annual dividend of $2.57, resulting in a dividend yield of 7.25%, and it has a price to earnings (P/E) ratio of 15.44. 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.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, HESM has a high of $39.11 and a low of $29.20.

As of this writing, HESM has an earnings estimate of $0.66 per share for the current quarter. EPS was calculated based on a consensus of 7.0 estimates, with a high estimate of $0.76 per share and a lower estimate of $0.43. The company reported an EPS of $0.57 in the last quarter

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. 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 $5.08, while its Total Shareholder’s Equity was $753.10M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside 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 3.75.

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