Hess Midstream Partners LP (NYSE:HESM) Given Average Rating of "Hold" by Brokerages

Key Points

• Analysts have a consensus Hold on Hess Midstream from nine brokerages (1 sell, 7 hold, 1 buy) with an average 12‑month price target of $40.14.
• Hess Midstream raised its quarterly dividend to $0.7792 (annualized $3.12), implying a ~8.2% yield; the ex‑dividend date is May 7 and the payout ratio is 106.99%.
• Institutional investors own 98.97% of the stock; the company has a market cap of ~$7.93B and a P/E of 13.34, reported EPS of $0.72 (in line with estimates) while quarterly revenue missed at $374.5M versus $419.2M, up 2.1% year‑over‑year.

Hess Midstream Partners LP (NYSE:HESM - Get Free Report) has received a consensus rating of "Hold" from the nine brokerages that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $40.1429.

A number of brokerages have recently issued reports on HESM. Wells Fargo & Company upped their price objective on Hess Midstream Partners from $39.00 to $40.00 and gave the stock an "equal weight" rating in a research note on Friday, March 13th. Raymond James Financial cut Hess Midstream Partners from an "outperform" rating to a "market perform" rating in a research note on Monday, January 5th. Weiss Ratings upgraded Hess Midstream Partners from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, March 2nd. The Goldman Sachs Group cut Hess Midstream Partners from a "neutral" rating to a "sell" rating and set a $32.00 price objective on the stock. in a research note on Monday, April 20th. Finally, Zacks Research upgraded Hess Midstream Partners from a "strong sell" rating to a "hold" rating in a research note on Monday, March 2nd.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. LGT Fund Management Co Ltd. acquired a new position in shares of Hess Midstream Partners during the 1st quarter worth about $2,191,000. Fifth Third Bancorp bought a new position in shares of Hess Midstream Partners during the 1st quarter worth approximately $133,000. Sequoia Financial Advisors LLC boosted its stake in shares of Hess Midstream Partners by 8.7% during the 1st quarter. Sequoia Financial Advisors LLC now owns 8,700 shares of the company's stock worth $338,000 after acquiring an additional 699 shares during the period. Seelaus Asset Management LLC bought a new position in shares of Hess Midstream Partners during the 1st quarter worth approximately $206,000. Finally, Abel Hall LLC bought a new position in shares of Hess Midstream Partners during the 1st quarter worth approximately $389,000. 98.97% of the stock is currently owned by institutional investors and hedge funds.

Hess Midstream Partners Trading Up 0.1%

Hess Midstream Partners stock opened at $38.17 on Monday. The firm has a 50-day moving average of $38.74 and a 200-day moving average of $35.88. Hess Midstream Partners has a one year low of $31.63 and a one year high of $44.14. The company has a debt-to-equity ratio of 8.54, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market cap of $7.93 billion, a price-to-earnings ratio of 13.34 and a beta of 0.54.

Hess Midstream Partners (NYSE:HESM - Get Free Report) last posted its quarterly earnings data on Monday, February 2nd. The company reported $0.72 EPS for the quarter, hitting analysts' consensus estimates of $0.72. Hess Midstream Partners had a net margin of 21.77% and a return on equity of 74.89%. The company had revenue of $374.50 million during the quarter, compared to the consensus estimate of $419.16 million. During the same period in the prior year, the business posted $0.68 EPS. The company's quarterly revenue was up 2.1% on a year-over-year basis. On average, equities analysts expect that Hess Midstream Partners will post 2.96 earnings per share for the current fiscal year.

Hess Midstream Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 14th. Stockholders of record on Thursday, May 7th will be paid a dividend of $0.7792 per share. The ex-dividend date is Thursday, May 7th. This represents a $3.12 annualized dividend and a dividend yield of 8.2%. This is a boost from Hess Midstream Partners's previous quarterly dividend of $0.76. Hess Midstream Partners's dividend payout ratio (DPR) is presently 106.99%.

About Hess Midstream Partners

Hess Midstream Partners LP, formerly traded on the New York Stock Exchange under the ticker HESM, is a midstream energy partnership that owns, operates and develops crude oil, natural gas and produced water infrastructure in the Williston Basin. The company’s assets include crude oil gathering and transportation systems, saltwater disposal wells, natural gas processing and fractionation plants, and associated pipeline and storage facilities. Its integrated network is designed to support upstream production by providing gathering, processing, storage and marketing services for hydrocarbons and produced water.

Headquartered in Houston, Texas, Hess Midstream Partners primarily serves producers operating in North Dakota and Montana’s Bakken Shale region.

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