Hess Midstream Partners (NYSE:HESM) was upgraded by research analysts at TheStreet from a “d+” rating to a “c” rating in a report released on Tuesday, September 11th.
A number of other research analysts have also recently weighed in on the company. Zacks Investment Research raised Hess Midstream Partners from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research report on Tuesday, July 31st. Morgan Stanley lifted their price objective on Hess Midstream Partners from $24.00 to $25.00 and gave the company an “overweight” rating in a research report on Friday, August 17th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. Hess Midstream Partners has a consensus rating of “Hold” and an average price target of $26.75.
NYSE HESM traded down $0.07 on Tuesday, reaching $22.88. 10,510 shares of the company’s stock traded hands, compared to its average volume of 91,791. Hess Midstream Partners has a 12 month low of $18.32 and a 12 month high of $24.51. The stock has a market capitalization of $622.65 million, a P/E ratio of 19.83, a PEG ratio of 1.38 and a beta of 1.96.
Hess Midstream Partners (NYSE:HESM) last posted its quarterly earnings data on Wednesday, July 25th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.02. Hess Midstream Partners had a return on equity of 2.48% and a net margin of 10.34%. The business had revenue of $164.70 million during the quarter, compared to the consensus estimate of $159.10 million. Sell-side analysts forecast that Hess Midstream Partners will post 1.27 earnings per share for the current year.
A number of large investors have recently added to or reduced their stakes in HESM. Wells Fargo & Company MN increased its stake in Hess Midstream Partners by 254.7% in the 1st quarter. Wells Fargo & Company MN now owns 273,972 shares of the company’s stock worth $5,217,000 after acquiring an additional 196,721 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its stake in shares of Hess Midstream Partners by 15.3% during the 1st quarter. State of New Jersey Common Pension Fund D now owns 373,700 shares of the company’s stock worth $7,115,000 after purchasing an additional 49,600 shares during the last quarter. Citigroup Inc. increased its position in Hess Midstream Partners by 47.3% during the 1st quarter. Citigroup Inc. now owns 88,725 shares of the company’s stock valued at $1,690,000 after buying an additional 28,500 shares in the last quarter. GSA Capital Partners LLP increased its holdings in shares of Hess Midstream Partners by 83.9% in the first quarter. GSA Capital Partners LLP now owns 25,943 shares of the company’s stock valued at $494,000 after purchasing an additional 11,836 shares during the period. Finally, GoodHaven Capital Management LLC acquired a new stake in Hess Midstream Partners during the first quarter worth about $850,000. 51.29% of the stock is currently owned by institutional investors and hedge funds.
Hess Midstream Partners Company Profile
Hess Midstream Partners LP owns, operates, develops, and acquires midstream assets to provide services to Hess and third-party customers in the United States. It operates through three segments: Gathering, Processing and Storage, and Terminaling and Export. The gathering segment include natural gas and crude oil gathering and compression systems located primarily in McKenzie, Williams and Mountrail Counties, and North Dakota.
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