Hess Midstream Partners (NYSE:HESM) Receives Buy (B) Rating from Weiss Ratings

Hess Midstream Partners (NYSE:HESM - Get Free Report)'s stock had its "buy (b)" rating reissued by equities research analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

A number of other analysts have also commented on the company. Citigroup decreased their price objective on Hess Midstream Partners from $41.00 to $37.00 and set a "neutral" rating for the company in a report on Tuesday, September 23rd. Morgan Stanley started coverage on Hess Midstream Partners in a report on Friday, July 25th. They set an "equal weight" rating and a $48.00 price target for the company. Wells Fargo & Company cut Hess Midstream Partners from an "equal weight" rating to a "reduce" rating in a research note on Friday, September 19th. Wall Street Zen raised shares of Hess Midstream Partners from a "hold" rating to a "buy" rating in a research report on Saturday, October 4th. Finally, UBS Group restated a "neutral" rating and issued a $43.00 price objective (down previously from $45.00) on shares of Hess Midstream Partners in a research note on Wednesday, September 10th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $42.00.

Hess Midstream Partners Price Performance

Shares of HESM opened at $33.41 on Wednesday. The business's fifty day moving average is $39.23 and its 200 day moving average is $38.79. Hess Midstream Partners has a 12-month low of $32.79 and a 12-month high of $44.14. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 7.26. The stock has a market cap of $7.02 billion, a P/E ratio of 12.37 and a beta of 0.58.

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

Insider Activity at Hess Midstream Partners

In other news, COO John A. Gatling sold 62,457 shares of the stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $41.59, for a total value of $2,597,586.63. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Institutional Investors Weigh In On Hess Midstream Partners

A number of institutional investors have recently made changes to their positions in the business. Kesler Norman & Wride LLC boosted its stake in shares of Hess Midstream Partners by 0.9% in the 2nd quarter. Kesler Norman & Wride LLC now owns 26,507 shares of the company's stock valued at $1,021,000 after purchasing an additional 241 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Hess Midstream Partners by 14.3% in the 2nd quarter. Geneos Wealth Management Inc. now owns 2,400 shares of the company's stock valued at $92,000 after purchasing an additional 300 shares in the last quarter. Virtus Investment Advisers LLC boosted its stake in shares of Hess Midstream Partners by 7.6% in the 2nd quarter. Virtus Investment Advisers LLC now owns 4,456 shares of the company's stock valued at $172,000 after purchasing an additional 315 shares in the last quarter. CENTRAL TRUST Co boosted its stake in shares of Hess Midstream Partners by 34.9% in the 2nd quarter. CENTRAL TRUST Co now owns 1,545 shares of the company's stock valued at $59,000 after purchasing an additional 400 shares in the last quarter. Finally, Leisure Capital Management boosted its stake in shares of Hess Midstream Partners by 2.0% in the 1st quarter. Leisure Capital Management now owns 26,681 shares of the company's stock valued at $1,128,000 after purchasing an additional 533 shares in 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.

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