Shares of Hess Midstream Partners LP (NYSE:HESM - Get Free Report) have been assigned a consensus rating of "Hold" from the nine analysts that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $42.00.
HESM has been the subject of a number of analyst reports. Zacks Research upgraded shares of Hess Midstream Partners from a "hold" rating to a "strong-buy" rating in a research note on Monday, September 29th. Citigroup reduced their price objective on shares of Hess Midstream Partners from $41.00 to $37.00 and set a "neutral" rating for the company in a research note on Tuesday, September 23rd. Wells Fargo & Company lowered shares of Hess Midstream Partners from an "equal weight" rating to a "reduce" rating in a research note on Friday, September 19th. The Goldman Sachs Group initiated coverage on shares of Hess Midstream Partners in a research note on Tuesday, September 30th. They set a "neutral" rating and a $36.00 price objective for the company. Finally, Morgan Stanley initiated coverage on shares of Hess Midstream Partners in a research note on Friday, July 25th. They set an "equal weight" rating and a $48.00 price objective for the company.
Read Our Latest Report on Hess Midstream Partners
Insiders Place Their Bets
In other Hess Midstream Partners news, COO John A. Gatling sold 62,457 shares of the firm's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $41.59, for a total transaction of $2,597,586.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Institutional Trading of Hess Midstream Partners
A number of large investors have recently made changes to their positions in HESM. Farther Finance Advisors LLC grew its stake in shares of Hess Midstream Partners by 840.2% in the first quarter. Farther Finance Advisors LLC now owns 1,053 shares of the company's stock worth $45,000 after acquiring an additional 941 shares during the period. Janney Montgomery Scott LLC grew its stake in shares of Hess Midstream Partners by 4.1% in the first quarter. Janney Montgomery Scott LLC now owns 14,540 shares of the company's stock worth $615,000 after acquiring an additional 570 shares during the period. PFG Investments LLC bought a new stake in shares of Hess Midstream Partners in the first quarter worth approximately $202,000. FSC Wealth Advisors LLC bought a new stake in shares of Hess Midstream Partners in the first quarter worth approximately $58,000. Finally, Cambridge Investment Research Advisors Inc. grew its stake in shares of Hess Midstream Partners by 1.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 93,097 shares of the company's stock worth $3,937,000 after acquiring an additional 1,356 shares during the period. 98.97% of the stock is currently owned by institutional investors.
Hess Midstream Partners Trading Up 2.0%
Shares of NYSE HESM opened at $32.80 on Thursday. Hess Midstream Partners has a 1 year low of $31.63 and a 1 year high of $44.14. The stock has a market cap of $6.89 billion, a P/E ratio of 12.15 and a beta of 0.58. The firm has a 50-day moving average of $38.21 and a 200 day moving average of $38.43. The company has a debt-to-equity ratio of 7.26, a current ratio of 0.71 and a quick ratio of 0.71.
Hess Midstream Partners (NYSE:HESM - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.56 by $0.18. Hess Midstream Partners had a net margin of 18.52% and a return on equity of 60.37%. The company had revenue of $414.20 million during the quarter, compared to analysts' expectations of $405.08 million. During the same period last year, the company posted $0.59 EPS. Hess Midstream Partners's revenue was up 13.3% on a year-over-year basis. As a group, sell-side analysts expect that Hess Midstream Partners will post 2.5 EPS for the current fiscal 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 dividend of $0.737 per share. The ex-dividend date was Thursday, August 7th. This represents a $2.95 dividend on an annualized basis and a yield of 9.0%. This is an increase from Hess Midstream Partners's previous quarterly dividend of $0.71. Hess Midstream Partners's dividend payout ratio (DPR) is 108.89%.
Hess Midstream Partners Company Profile
(
Get Free Report)
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.
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