Hess Midstream Partners LP (NYSE:HESM) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Hess Midstream Partners LP (NYSE:HESM) has received an average analyst rating of “Moderate Buy”, with two analysts rating it as a hold and three as a buy.
• The company recently reported earnings of $0.74 per share for the last quarter, exceeding expectations and marking a 13.3% increase in revenue year-over-year.
• Hess Midstream Partners announced a quarterly dividend increase to $0.737 per share, leading to an annualized dividend yield of 7.1%.

Shares of Hess Midstream Partners LP (NYSE:HESM - Get Free Report) have received an average recommendation of "Moderate Buy" from the five brokerages that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $46.20.

A number of equities analysts have issued reports on the company. Morgan Stanley assumed coverage on Hess Midstream Partners in a research note on Friday, July 25th. They set an "equal weight" rating and a $48.00 price target for the company. Wall Street Zen upgraded Hess Midstream Partners from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Wells Fargo & Company lifted their price target on Hess Midstream Partners from $47.00 to $48.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Finally, JPMorgan Chase & Co. lifted their price target on Hess Midstream Partners from $44.00 to $46.00 and gave the company a "neutral" rating in a research note on Friday, August 22nd.

Insider Transactions at Hess Midstream Partners

In other Hess Midstream Partners news, Director Geurt G. Schoonman sold 3,249 shares of the business's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $39.10, for a total value of $127,035.90. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO John A. Gatling sold 62,457 shares of Hess Midstream Partners stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $41.59, for a total transaction of $2,597,586.63. The disclosure for this sale can be found here.

Institutional Investors Weigh In On Hess Midstream Partners

A number of institutional investors and hedge funds have recently modified their holdings of the company. Hsbc Holdings PLC purchased a new position in shares of Hess Midstream Partners during the fourth quarter worth about $525,000. Teacher Retirement System of Texas purchased a new position in shares of Hess Midstream Partners during the first quarter worth about $707,000. Northern Trust Corp grew its holdings in shares of Hess Midstream Partners by 17.8% during the fourth quarter. Northern Trust Corp now owns 85,550 shares of the company's stock worth $3,168,000 after purchasing an additional 12,939 shares in the last quarter. Financial Sense Advisors Inc. grew its holdings in shares of Hess Midstream Partners by 151.8% during the first quarter. Financial Sense Advisors Inc. now owns 352,067 shares of the company's stock worth $14,889,000 after purchasing an additional 212,266 shares in the last quarter. Finally, Bramshill Investments LLC grew its holdings in shares of Hess Midstream Partners by 63.0% during the fourth quarter. Bramshill Investments LLC now owns 43,021 shares of the company's stock worth $1,593,000 after purchasing an additional 16,628 shares in the last quarter. 98.97% of the stock is owned by hedge funds and other institutional investors.

Hess Midstream Partners Trading Down 0.9%

Shares of Hess Midstream Partners stock traded down $0.39 during midday trading on Wednesday, reaching $41.19. The company had a trading volume of 1,247,035 shares, compared to its average volume of 1,411,064. The firm has a market cap of $8.65 billion, a PE ratio of 15.25 and a beta of 0.68. The company has a debt-to-equity ratio of 7.26, a current ratio of 0.71 and a quick ratio of 0.71. The stock has a fifty day moving average price of $40.18 and a 200 day moving average price of $39.52. Hess Midstream Partners has a fifty-two week low of $33.59 and a fifty-two week high of $44.14.

Hess Midstream Partners (NYSE:HESM - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.56 by $0.18. Hess Midstream Partners had a return on equity of 60.37% and a net margin of 18.52%.The business had revenue of $414.20 million during the quarter, compared to analysts' expectations of $405.08 million. During the same quarter last year, the firm posted $0.59 earnings per share. The firm's revenue was up 13.3% on a year-over-year basis. On average, equities analysts anticipate that Hess Midstream Partners will post 2.5 earnings per share for the current year.

Hess Midstream Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Thursday, August 7th were paid a $0.737 dividend. This is a positive change from Hess Midstream Partners's previous quarterly dividend of $0.71. The ex-dividend date was Thursday, August 7th. This represents a $2.95 annualized dividend and a yield of 7.2%. Hess Midstream Partners's dividend payout ratio (DPR) is 109.26%.

About Hess Midstream Partners

Hess Midstream LP owns, develops, operates, and acquires midstream assets and provide fee-based 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 owns natural gas gathering and compression systems; crude oil gathering systems; and produced water gathering and disposal facilities.