The Street Is Finally Waking Up To Hess Midstream LP (NYSE: HESM)

After Hours

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Stocks Info

Hess Midstream LP is listed on the NYSE as a member of the Energy sector and is a part of the Oil & Gas Midstream industry. The current market capitalization of Hess Midstream LP is $8.17B. A total of 0.46 million shares were traded on the day, compared to an average of 836.43K shares.

In the most recent transaction, Stein Jonathan C. sold 7,923 shares of HESM for 35.32 per share on Nov 11 ’24. After the transaction, the Chief Financial Officer now owns 59,945 company shares. In a previous transaction on Nov 11 ’24, Stein Jonathan C. bought 7,923 shares at 35.07 per share.

Among the insiders who sold shares, Global Infrastructure Investor disposed of 12,650,000 shares on Sep 20 ’24 at a per-share price of $35.12. This resulted in the Director holding 0 shares of HESM after the transaction. In another insider transaction, Global Infrastructure Investor sold 10,000,000 shares at $34.02 per share on May 31 ’24. Company shares held by the Director now total 0.

Dividend

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Hess Midstream LP pays an annual dividend of $2.64, resulting in a dividend yield of 7.07%, and it has a price to earnings (P/E) ratio of 15.86. HESM’s most recent ex-dividend date was 7.7% when it declared a $0.6846 quarterly dividend that was paid in cash on 11/7/2024. Previously, the company paid the dividend on 8/8/2024 with an ex-dividend date of 6.7%. The HESM stock dividend was $0.6677 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, HESM has a high of $39.11 and a low of $30.72.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on 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 $5.10, while its Total Shareholder’s Equity was $753.10M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. 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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