Hess Midstream Partners (NYSE:HESM) Now Covered by The Goldman Sachs Group

Key Points

• The Goldman Sachs Group has reaffirmed a "neutral" rating for Hess Midstream Partners (NYSE:HESM) with a target price of $36.00, indicating a potential upside of 3.89% from its current price.
• Hess Midstream Partners reported earnings per share of $0.74 for the last quarter, exceeding expectations and showing a 13.3% year-over-year revenue growth.
• Institutional investors control approximately 98.97% of Hess Midstream Partners, with significant position increases recently reported from companies like Alps Advisors and Invesco Ltd.

Analysts at The Goldman Sachs Group assumed coverage on shares of Hess Midstream Partners (NYSE:HESM - Get Free Report) in a report released on Tuesday, MarketBeat reports. The firm set a "neutral" rating and a $36.00 price target on the stock. The Goldman Sachs Group's price target points to a potential upside of 4.81% from the company's current price.

Several other research analysts also recently commented on the stock. Wells Fargo & Company downgraded shares of Hess Midstream Partners from an "equal weight" rating to a "reduce" rating in a report on Friday, September 19th. Wall Street Zen cut Hess Midstream Partners from a "buy" rating to a "hold" rating in a report on Friday. UBS Group reaffirmed a "neutral" rating and set a $43.00 price objective (down from $45.00) on shares of Hess Midstream Partners in a report on Wednesday, September 10th. Citigroup lowered their target price on Hess Midstream Partners from $41.00 to $37.00 and set a "neutral" rating for the company in a research report on Tuesday, September 23rd. Finally, Morgan Stanley started coverage on shares of Hess Midstream Partners in a research report on Friday, July 25th. They issued an "equal weight" rating and a $48.00 price target on the stock. One analyst has rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $42.00.

Hess Midstream Partners Stock Performance

NYSE HESM traded down $0.34 during trading hours on Tuesday, hitting $34.35. 105,082 shares of the company's stock traded hands, compared to its average volume of 1,377,356. Hess Midstream Partners has a 52 week low of $33.59 and a 52 week high of $44.14. The firm has a market capitalization of $7.22 billion, a P/E ratio of 12.71 and a beta of 0.68. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 7.26. The business's fifty day moving average price is $40.12 and its two-hundred day moving average price is $39.18.

Hess Midstream Partners (NYSE:HESM - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $414.20 million during the quarter, compared to analyst estimates of $405.08 million. During the same period in the prior year, the business posted $0.59 EPS. Hess Midstream Partners's revenue was up 13.3% on a year-over-year basis. Equities research analysts predict that Hess Midstream Partners will post 2.5 EPS for the current year.

Insider Activity at Hess Midstream Partners

In other Hess Midstream Partners news, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Hedge Funds Weigh In On Hess Midstream Partners

Hedge funds have recently bought and sold shares of the business. California State Teachers Retirement System raised its position in shares of Hess Midstream Partners by 12.3% during the 4th quarter. California State Teachers Retirement System now owns 89,624 shares of the company's stock worth $3,319,000 after purchasing an additional 9,808 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Hess Midstream Partners by 4,809.7% in the first quarter. GAMMA Investing LLC now owns 11,587 shares of the company's stock worth $4,900,000 after acquiring an additional 11,351 shares during the last quarter. NBC Securities Inc. increased its position in shares of Hess Midstream Partners by 107,126.9% during the first quarter. NBC Securities Inc. now owns 27,879 shares of the company's stock worth $1,179,000 after purchasing an additional 27,853 shares in the last quarter. Chickasaw Capital Management LLC raised its stake in Hess Midstream Partners by 866.7% in the 1st quarter. Chickasaw Capital Management LLC now owns 87,000 shares of the company's stock valued at $3,679,000 after purchasing an additional 78,000 shares during the last quarter. Finally, Naples Global Advisors LLC boosted its stake in Hess Midstream Partners by 1.6% during the 1st quarter. Naples Global Advisors LLC now owns 65,225 shares of the company's stock worth $2,758,000 after purchasing an additional 1,050 shares during the last quarter. Hedge funds and other institutional investors own 98.97% of the company's stock.

Hess Midstream Partners Company Profile

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.