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S&P 500   3,819.72
DOW   31,270.09
QQQ   309.16
S&P 500   3,819.72
DOW   31,270.09
QQQ   309.16
S&P 500   3,819.72
DOW   31,270.09
QQQ   309.16
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NYSE:HESM

Hess Midstream Stock Forecast, Price & News

$22.54
-0.37 (-1.62 %)
(As of 03/3/2021 12:00 AM ET)
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Today's Range
$22.53
Now: $22.54
$23.15
50-Day Range
$20.87
MA: $21.68
$22.91
52-Week Range
$5.70
Now: $22.54
$23.15
Volume66,142 shs
Average Volume140,360 shs
Market Capitalization$406.35 million
P/E Ratio18.33
Dividend Yield7.81%
Beta2.33
Hess Midstream LP owns, operates, develops, and acquires midstream assets. The company operates through three segments: Gathering; Processing and Storage; and Terminaling and Export. The Gathering segment owns natural gas gathering and crude oil gathering systems; and produced water gathering and disposal facilities. Its gathering systems consists of approximately 1,350 miles of high and low pressure natural gas and natural gas liquids gathering pipelines with capacity of approximately 450 million cubic feet per day; and crude oil gathering system comprises approximately 550 miles of crude oil gathering pipelines. The Processing and Storage segment comprises Tioga Gas Plant, a natural gas processing and fractionation plant located in Tioga, North Dakota; 50% of 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; and crude oil rail cars, 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.
Hess Midstream logo

Headlines

Hess Midstream LP Announces 2021 Guidance
January 25, 2021 |  finance.yahoo.com
Why it is Worth Betting on CrossAmerica Partners (CAPL) Now
December 16, 2020 |  finance.yahoo.com
Where Do Hedge Funds Stand On Hess Midstream LP (HESM)?
December 1, 2020 |  finance.yahoo.com
See More Headlines

Industry, Sector and Symbol

Industry Crude petroleum & natural gas
Sub-IndustryN/A
Previous SymbolNASDAQ:HESM
CUSIPN/A
Phone713-496-4200
EmployeesN/A
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$848.30 million
Cash Flow$7.27 per share

Profitability

Net Income$70.10 million

Miscellaneous

Market Cap$406.35 million
Next Earnings Date5/6/2021 (Estimated)
OptionableOptionable

MarketRank

Overall MarketRank

1.89 out of 5 stars

Oils/Energy Sector

57th out of 668 stocks

Crude Petroleum & Natural Gas Industry

22nd out of 247 stocks

Analyst Opinion: 1.4Community Rank: 2.4Dividend Strength: 1.7Insider Behavior: 0.8Valuation: 3.1 5 -4 -3 -2 -1 -
$22.54
-0.37 (-1.62 %)
(As of 03/3/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Hess Midstream (NYSE:HESM) Frequently Asked Questions

Is Hess Midstream a buy right now?

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Hess Midstream in the last year. There are currently 1 hold rating and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Hess Midstream stock.
View analyst ratings for Hess Midstream
or view top-rated stocks.

What stocks does MarketBeat like better than Hess Midstream?

Wall Street analysts have given Hess Midstream a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Hess Midstream wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Hess Midstream?

Hess Midstream saw a increase in short interest in January. As of January 15th, there was short interest totaling 463,800 shares, an increase of 20.8% from the December 31st total of 383,800 shares. Based on an average daily volume of 131,500 shares, the days-to-cover ratio is currently 3.5 days. Approximately 2.8% of the shares of the company are sold short.
View Hess Midstream's Short Interest
.

When is Hess Midstream's next earnings date?

Hess Midstream is scheduled to release its next quarterly earnings announcement on Thursday, May 6th 2021.
View our earnings forecast for Hess Midstream
.

How were Hess Midstream's earnings last quarter?

Hess Midstream LP (NYSE:HESM) announced its earnings results on Wednesday, January, 27th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.29 by $0.07. The company earned $266.50 million during the quarter. Hess Midstream had a net margin of 3.11% and a trailing twelve-month return on equity of 1.65%.
View Hess Midstream's earnings history
.

How has Hess Midstream's stock been impacted by COVID-19?

Hess Midstream's stock was trading at $10.92 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, HESM stock has increased by 106.4% and is now trading at $22.54.
View which stocks have been most impacted by COVID-19
.

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

Hess Midstream declared a quarterly dividend on Tuesday, January 26th. Shareholders of record on Thursday, February 4th will be paid a dividend of $0.4471 per share on Friday, February 12th. This represents a $1.79 annualized dividend and a dividend yield of 7.93%. The ex-dividend date of this dividend is Wednesday, February 3rd. This is a positive change from Hess Midstream's previous quarterly dividend of $0.44.
View Hess Midstream's dividend history
.

Is Hess Midstream a good dividend stock?

Hess Midstream pays an annual dividend of $1.79 per share and currently has a dividend yield of 7.81%. HESM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Hess Midstream has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strock track record of dividend growth. The dividend payout ratio of Hess Midstream is 149.17%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, Hess Midstream will have a dividend payout ratio of 101.13% in the coming year. This indicates that Hess Midstream may not be able to sustain their current dividend.
View Hess Midstream's dividend history.

What price target have analysts set for HESM?

7 analysts have issued 1-year price targets for Hess Midstream's shares. Their forecasts range from $18.00 to $27.00. On average, they expect Hess Midstream's share price to reach $21.57 in the next twelve months. This suggests that the stock has a possible downside of 4.3%.
View analysts' price targets for Hess Midstream
or view top-rated stocks among Wall Street analysts.

Who are Hess Midstream's key executives?

Hess Midstream's management team includes the following people:
  • Mr. John A. Gatling, Pres & COO of Hess Midstream GP LLC (Age 47)
  • Mr. Jonathan C. Stein, Chief Financial Officer of Hess Midstream GP LLC (Age 52)
  • Mr. John B. Hess, Chairman & CEO of Hess Midstream GP LLC (Age 67)
  • Jennifer Gordon, Director of Investor Relations
  • Mr. Timothy B. Goodell, Gen. Counsel & Sec. of Hess Midstream GP LLC (Age 64)
  • Mr. John P. Rielly, VP & Director of Hess Midstream GP LLC (Age 59)

Who are some of Hess Midstream's key competitors?

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?

(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.

What is Hess Midstream's stock symbol?

Hess Midstream trades on the New York Stock Exchange (NYSE) under the ticker symbol "HESM."

Who are Hess Midstream's major shareholders?

Hess Midstream's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Brookfield Asset Management Inc. (2.93%), JPMorgan Chase & Co. (2.44%), NBW Capital LLC (1.60%), Morgan Stanley (1.51%), Raymond James Financial Services Advisors Inc. (0.87%) and Foundry Partners LLC (0.86%). Company insiders that own Hess Midstream stock include Gerald A Tamborski, John A Gatling, John B Hess, Jonathan C Stein and Stephen J J Letwin.
View institutional ownership trends for Hess Midstream
.

Which major investors are selling Hess Midstream stock?

HESM stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, Brookfield Asset Management Inc., NBW Capital LLC, BlackRock Inc., Castleark Management LLC, Americana Partners LLC, Wells Fargo & Company MN, and Pacer Advisors Inc..
View insider buying and selling activity for Hess Midstream
or view top insider-selling stocks.

Which major investors are buying Hess Midstream stock?

HESM stock was purchased by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Citigroup Inc., Catalyst Capital Advisors LLC, GSA Capital Partners LLP, JPMorgan Chase & Co., First Trust Advisors LP, Raymond James Financial Services Advisors Inc., and Cowa LLC. Company insiders that have bought Hess Midstream stock in the last two years include John A Gatling, John B Hess, and Stephen J J Letwin.
View insider buying and selling activity for Hess Midstream
or or view top insider-buying stocks.

How do I buy shares of Hess Midstream?

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

What is Hess Midstream's stock price today?

One share of HESM stock can currently be purchased for approximately $22.54.

How much money does Hess Midstream make?

Hess Midstream has a market capitalization of $406.35 million and generates $848.30 million in revenue each year. The company earns $70.10 million in net income (profit) each year or $1.20 on an earnings per share basis.

What is Hess Midstream's official website?

The official website for Hess Midstream is www.hessmidstream.com.

Where are Hess Midstream's headquarters?

Hess Midstream is headquartered at 1501 MCKINNEY STREET, HOUSTON TX, 77010.

How can I contact Hess Midstream?

Hess Midstream's mailing address is 1501 MCKINNEY STREET, HOUSTON TX, 77010. The company can be reached via phone at 713-496-4200 or via email at [email protected]


This page was last updated on 3/4/2021 by MarketBeat.com Staff

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