Hess Midstream Stock Forecast, Price & News

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

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.

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.
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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.

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.

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%.
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Some companies that are related to Hess Midstream include Callon Petroleum (CPE), Enerplus (ERF), Comstock Resources (CRK), Kosmos Energy (KOS), Centennial Resource Development (CDEV), Enerplus (ERF), Vermilion Energy (VET), GeoPark (GPRK), Par Pacific (PARR), Tellurian (TELL), Talos Energy (TALO), QEP Resources (QEP), Contango Oil & Gas (MCF), Brigham Minerals (MNRL) and Bonanza Creek Energy (BCEI).
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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).

(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.

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

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.

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.

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.

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

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.

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

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

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]