NYSE:HESM

Hess Midstream (HESM) Stock Price, News & Analysis

$34.93
-0.70 (-1.96%)
(As of 04/25/2024 ET)
Today's Range
$34.56
$35.71
50-Day Range
$33.24
$36.49
52-Week Range
$26.86
$36.84
Volume
1.52 million shs
Average Volume
905,663 shs
Market Capitalization
$7.91 billion
P/E Ratio
16.72
Dividend Yield
7.27%
Price Target
$35.67

Hess Midstream MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
2.1% Upside
$35.67 Price Target
Short Interest
Bearish
2.16% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.99mentions of Hess Midstream in the last 14 days
Based on 15 Articles This Week
Insider Trading
Selling Shares
$377.55 M Sold Last Quarter
Proj. Earnings Growth
16.54%
From $2.54 to $2.96 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.90 out of 5 stars

Oils/Energy Sector

134th out of 234 stocks

Crude Petroleum & Natural Gas Industry

46th out of 73 stocks

HESM stock logo

About Hess Midstream Stock (NYSE:HESM)

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. Its gathering systems consists of approximately 1,410 miles of high and low pressure natural gas and natural gas liquids gathering pipelines with capacity of approximately 660 million cubic feet per day; crude oil gathering system comprises approximately 570 miles of crude oil gathering pipelines; and produced water gathering system that includes approximately 300 miles of pipelines in gathering systems. The Processing and Storage segment comprises Tioga Gas Plant, a natural gas processing and fractionation plant located in Tioga, North Dakota; a 50% interest in the Little Missouri 4 gas processing plant located in south of the Missouri River in McKenzie County, North Dakota; and Mentor Storage Terminal, a propane storage cavern and rail, and truck loading and unloading facility located in Mentor, Minnesota. The Terminaling and Export segment owns Ramberg terminal facility; Tioga rail terminal; crude oil rail cars; and other Dakota access pipeline connections, as well as Johnson's Corner Header System, a crude oil pipeline header system. Hess Midstream LP was founded in 2014 and is based in Houston, Texas.

HESM Stock Price History

HESM Stock News Headlines

Mysterious Gold Leverage Just Announced
World's biggest multibillionaire investor group is buying THIS by the tons Most folks have completely missed the fact that there's one group of investors so powerful they're literally buying ONE THING by the tons… Stacking it in their locked vaults on pallets in record numbers.
Hess Midstream LP Registered A earnings: here's what to expect
Mysterious Gold Leverage Just Announced
World's biggest multibillionaire investor group is buying THIS by the tons Most folks have completely missed the fact that there's one group of investors so powerful they're literally buying ONE THING by the tons… Stacking it in their locked vaults on pallets in record numbers.
Hess Midstream LP Class A Share
Hess Midstream (HESM) to Release Earnings on Thursday
Hess Midstream LP - Class A
HESM Factor-Based Stock Analysis
Hess Midstream LP (HESM)
TYG: Performance Laggard With No Near-Term Catalyst
HESM Apr 2024 30.000 put
HESM Aug 2024 37.000 put
HESM Apr 2024 29.000 put
HESM Aug 2024 37.000 call
HESM Apr 2024 34.000 put
HESM Apr 2024 37.000 call
HESM May 2024 35.000 put
See More Headlines
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Company Calendar

Last Earnings
1/31/2024
Ex-Dividend for 2/14 Dividend
2/07/2024
Dividend Payable
2/14/2024
Today
4/25/2024
Next Earnings (Confirmed)
4/25/2024
Ex-Dividend for 5/14 Dividend
5/01/2024
Dividend Payable
5/14/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
N/A
Previous Symbol
NASDAQ:HESM
Fax
N/A
Employees
196
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$35.67
High Stock Price Target
$38.00
Low Stock Price Target
$32.00
Potential Upside/Downside
+0.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
6 Analysts

Profitability

Net Income
$118.60 million
Pretax Margin
47.87%

Debt

Sales & Book Value

Annual Sales
$1.35 billion
Cash Flow
$1.42 per share
Book Value
$1.60 per share

Miscellaneous

Free Float
N/A
Market Cap
$8.05 billion
Optionable
Optionable
Beta
1.50
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HESM Stock Analysis - Frequently Asked Questions

Should I buy or sell Hess Midstream stock right now?

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Hess Midstream in the last year. There are currently 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" HESM shares.
View HESM analyst ratings
or view top-rated stocks.

What is Hess Midstream's stock price target for 2024?

6 Wall Street research analysts have issued 12-month price objectives for Hess Midstream's shares. Their HESM share price targets range from $32.00 to $38.00. On average, they expect the company's stock price to reach $35.67 in the next year. This suggests a possible upside of 2.1% from the stock's current price.
View analysts price targets for HESM
or view top-rated stocks among Wall Street analysts.

How have HESM shares performed in 2024?

Hess Midstream's stock was trading at $31.63 at the beginning of 2024. Since then, HESM stock has increased by 10.5% and is now trading at $34.94.
View the best growth stocks for 2024 here
.

Are investors shorting Hess Midstream?

Hess Midstream saw a increase in short interest in the month of April. As of April 15th, there was short interest totaling 4,880,000 shares, an increase of 11.9% from the March 31st total of 4,360,000 shares. Based on an average daily volume of 902,700 shares, the days-to-cover ratio is currently 5.4 days.
View Hess Midstream's Short Interest
.

When is Hess Midstream's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
View our HESM earnings forecast
.

How were Hess Midstream's earnings last quarter?

Hess Midstream LP (NYSE:HESM) announced its quarterly earnings data on Wednesday, January, 31st. The company reported $0.55 earnings per share for the quarter, missing analysts' consensus estimates of $0.60 by $0.05. The company had revenue of $356.50 million for the quarter, compared to the consensus estimate of $358.86 million. Hess Midstream had a net margin of 8.79% and a trailing twelve-month return on equity of 28.21%. Hess Midstream's quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.49 EPS.

How often does Hess Midstream pay dividends? What is the dividend yield for Hess Midstream?

Hess Midstream announced a quarterly dividend on Monday, April 22nd. Investors of record on Thursday, May 2nd will be paid a dividend of $0.6516 per share on Tuesday, May 14th. This represents a $2.61 dividend on an annualized basis and a dividend yield of 7.46%. The ex-dividend date is Wednesday, May 1st. This is a positive change from the stock's previous quarterly dividend of $0.63.
Read our dividend analysis for HESM
.

Is Hess Midstream a good dividend stock?

Hess Midstream (NYSE:HESM) pays an annual dividend of $2.54 per share and currently has a dividend yield of 7.18%. HESM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 7 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 121.53%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, HESM will have a dividend payout ratio of 85.81% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for HESM.

What other stocks do shareholders of Hess Midstream own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Hess Midstream investors own include Enterprise Products Partners (EPD), AT&T (T), Pfizer (PFE), ONEOK (OKE), Energy Transfer (ET), Kinder Morgan (KMI), Omega Healthcare Investors (OHI), Apollo Global Management (APO), Bank of America (BAC) and General Electric (GE).

When did Hess Midstream IPO?

Hess Midstream (HESM) raised $250 million in an initial public offering on Wednesday, April 5th 2017. The company issued 12,500,000 shares at $19.00-$21.00 per share. Goldman Sachs, Morgan Stanley, Citigroup, J.P. Morgan, MUFG and Wells Fargo Securities served as the underwriters for the IPO and ING, Scotia, Howard Weil, SMBC Nikko, Barclays, HSBC and TD Securities were co-managers.

Who are Hess Midstream's major shareholders?

Hess Midstream's stock is owned by many different retail and institutional investors. Top institutional investors include CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT (0.59%), Miller Howard Investments Inc. NY (0.30%), Artemis Investment Management LLP (0.26%), Kercheville Advisors LLC (0.09%), Raymond James Financial Services Advisors Inc. (0.08%) and Stokes Capital Advisors LLC (0.06%). Insiders that own company stock include Corp Hess, Geurt G Schoonman, Infrastructure Investor Global, John A Gatling, John B Hess and Jonathan C Stein.
View institutional ownership trends
.

How do I buy shares of Hess Midstream?

Shares of HESM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:HESM) was last updated on 4/25/2024 by MarketBeat.com Staff

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