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PFE   32.73 (-0.37%)
PYPL   58.68 (+0.10%)
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NYSE:HESM

Hess Midstream (HESM) Stock Forecast, Price & News

$30.19
+0.49 (+1.65%)
(As of 11:51 AM ET)
Compare
Today's Range
$29.70
$30.28
50-Day Range
$28.76
$31.88
52-Week Range
$24.33
$32.43
Volume
604,177 shs
Average Volume
573,849 shs
Market Capitalization
$1.72 billion
P/E Ratio
15.17
Dividend Yield
7.95%
Price Target
$34.80

Hess Midstream MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
17.2% Upside
$34.80 Price Target
Short Interest
Healthy
4.29% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Selling Shares
$42.89 M Sold Last Quarter
Proj. Earnings Growth
22.28%
From $2.02 to $2.47 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.50 out of 5 stars

Oils/Energy Sector

52nd out of 241 stocks

Crude Petroleum & Natural Gas Industry

33rd out of 79 stocks


HESM stock logo

About Hess Midstream (NYSE:HESM) Stock

Hess Midstream LP owns, develops, operates, 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 compression systems; crude oil gathering systems; and produced water gathering and disposal facilities. Its gathering systems consists of approximately 1,380 miles of high and low pressure natural gas and natural gas liquids gathering pipelines with capacity of approximately 590 million cubic feet per day; crude oil gathering system comprises approximately 560 miles of crude oil gathering pipelines; and produced water gathering system that includes approximately 290 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; 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.

HESM Price History

HESM Stock News Headlines

Director of Hess Midstream Sold $42.88M In Stock
From Naval Flight Officer to CEO
First Female Founded, Publicly Traded, Space Company. Discover more
Better Than Oil Stocks?
The best way to profit from energy is NOT a stock...Rather, it's this little-known alternative investment.
Hess Midstream (NYSE: HESM)
Earnings Preview For Hess Midstream
See More Headlines
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HESM Company Calendar

Last Earnings
7/26/2023
Ex-Dividend for 8/14 Dividend
8/02/2023
Dividend Payable
8/14/2023
Today
9/21/2023
Next Earnings (Estimated)
10/25/2023
Fiscal Year End
12/31/2023

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 Forecast
$34.80
High Stock Price Forecast
$37.00
Low Stock Price Forecast
$32.00
Forecasted Upside/Downside
+17.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
5 Analysts

Profitability

Net Income
$620.60 million
Pretax Margin
49.15%

Debt

Sales & Book Value

Annual Sales
$1.28 billion
Cash Flow
$6.11 per share
Book Value
$12.02 per share

Miscellaneous

Free Float
N/A
Market Cap
$1.69 billion
Optionable
Optionable
Beta
1.59
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Key Executives

  • Mr. John B. HessMr. John B. Hess (Age 69)
    Chairman & CEO of Hess Midstream GP LLC
  • Mr. John A. Gatling (Age 49)
    Pres & COO of Hess Midstream GP LLC
  • Mr. Jonathan C. SteinMr. Jonathan C. Stein (Age 54)
    Chief Financial Officer of Hess Midstream GP LLC
  • Mr. Timothy B. Goodell (Age 66)
    Gen. Counsel & Sec. of Hess Midstream GP LLC
  • Mr. John P. Rielly (Age 61)
    VP & Director of Hess Midstream GP LLC
  • Jennifer Gordon
    Director of Investor Relations













HESM Stock - Frequently Asked Questions

Should I buy or sell Hess Midstream stock right now?

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Hess Midstream in the last twelve months. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities 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 forecast for 2023?

5 analysts have issued twelve-month price objectives for Hess Midstream's stock. Their HESM share price forecasts range from $32.00 to $37.00. On average, they predict the company's stock price to reach $34.80 in the next year. This suggests a possible upside of 17.2% 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 2023?

Hess Midstream's stock was trading at $29.92 at the beginning of 2023. Since then, HESM shares have decreased by 0.8% and is now trading at $29.6950.
View the best growth stocks for 2023 here
.

Are investors shorting Hess Midstream?

Hess Midstream saw a decrease in short interest in August. As of August 31st, there was short interest totaling 2,440,000 shares, a decrease of 26.9% from the August 15th total of 3,340,000 shares. Based on an average trading volume of 640,100 shares, the days-to-cover ratio is presently 3.8 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 Wednesday, October 25th 2023.
View our HESM earnings forecast
.

How were Hess Midstream's earnings last quarter?

Hess Midstream LP (NYSE:HESM) announced its earnings results on Wednesday, July, 26th. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.49 by $0.01. The firm had revenue of $324 million for the quarter, compared to analysts' expectations of $325.31 million. Hess Midstream had a trailing twelve-month return on equity of 18.95% and a net margin of 7.10%. During the same quarter in the prior year, the company posted $0.50 earnings per share.

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

Hess Midstream declared a quarterly dividend on Monday, July 24th. Shareholders of record on Thursday, August 3rd will be paid a dividend of $0.6011 per share on Monday, August 14th. This represents a $2.40 annualized dividend and a yield of 8.10%. The ex-dividend date is Wednesday, August 2nd. This is a boost from the stock's previous quarterly dividend of $0.59.
Read our dividend analysis for HESM
.

Is Hess Midstream a good dividend stock?

Hess Midstream (NYSE:HESM) pays an annual dividend of $2.40 per share and currently has a dividend yield of 7.94%. 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 6 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 120.60%. 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 97.17% 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?

(HESM) raised $250 million in an initial public offering on Wednesday, April 5th 2017. The company issued 12,500,000 shares at a price of $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 number of retail and institutional investors. Top institutional investors include Clearbridge Investments LLC (5.38%), Goldman Sachs Group Inc. (4.11%), Mirae Asset Global Investments Co. Ltd. (4.57%), Cohen & Steers Inc. (2.02%), Westwood Holdings Group Inc. (2.59%) and CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT (1.86%). 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 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 $29.70.

How much money does Hess Midstream make?

Hess Midstream (NYSE:HESM) has a market capitalization of $1.69 billion and generates $1.28 billion in revenue each year. The company earns $620.60 million in net income (profit) each year or $1.99 on an earnings per share basis.

How many employees does Hess Midstream have?

The company employs 196 workers across the globe.

How can I contact Hess Midstream?

Hess Midstream's mailing address is 1501 MCKINNEY STREET, HOUSTON TX, 77010. The official website for the company is www.hessmidstream.com. The company can be reached via phone at (713) 496-4200 or via email at hessmidstreampartners@hess.com.

This page (NYSE:HESM) was last updated on 9/22/2023 by MarketBeat.com Staff

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