Hess Midstream - HESM Stock Forecast, Price & News

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Hess Midstream in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" HESM shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in HESM, but not buy additional shares or sell existing shares.
View HESM analyst ratings or view top-rated stocks.

3 equities research analysts have issued 12 month price objectives for Hess Midstream's stock. Their HESM share price forecasts range from $33.00 to $35.00. On average, they expect the company's share price to reach $34.00 in the next twelve months. This suggests a possible upside of 14.2% from the stock's current price.
View analysts price targets for HESM or view top-rated stocks among Wall Street analysts.

Hess Midstream's stock was trading at $29.92 on January 1st, 2023. Since then, HESM stock has decreased by 0.5% and is now trading at $29.76.
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Hess Midstream saw a decrease in short interest during the month of December. As of December 30th, there was short interest totaling 4,520,000 shares, a decrease of 7.4% from the December 15th total of 4,880,000 shares. Based on an average trading volume of 405,500 shares, the days-to-cover ratio is presently 11.1 days.
View Hess Midstream's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 26th 2023.
View our HESM earnings forecast.

Hess Midstream LP (NYSE:HESM) issued its quarterly earnings data on Wednesday, October, 27th. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.01. The firm earned $303.90 million during the quarter. During the same period in the prior year, the business earned $0.31 EPS.

Hess Midstream announced a quarterly dividend on Monday, January 23rd. Investors of record on Thursday, February 2nd will be paid a dividend of $0.57 per share on Monday, February 13th. This represents a $2.28 dividend on an annualized basis and a yield of 7.66%. The ex-dividend date of this dividend is Wednesday, February 1st. This is a boost from the stock's previous quarterly dividend of $0.56.
Read our dividend analysis for HESM.

Hess Midstream (NYSE:HESM) pays an annual dividend of $2.25 per share and currently has a dividend yield of 7.37%. 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 111.94%. 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 92.98% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for HESM.

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 many different institutional and retail investors. Top institutional shareholders include Stokes Capital Advisors LLC (0.24%), Naples Global Advisors LLC (0.12%), AE Wealth Management LLC (0.10%), Teamwork Financial Advisors LLC (0.06%), Jenkins Wealth (0.05%) and GraniteShares Advisors LLC (0.05%). Insiders that own company stock include Corp Hess, Geurt G Schoonman, John A Gatling, John B Hess, John B Hess, Jonathan C Stein and Stephen J J Letwin.
View institutional ownership trends.

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.
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One share of HESM stock can currently be purchased for approximately $29.76.

Hess Midstream (NYSE:HESM) has a market capitalization of $1.31 billion and generates $1.28 billion in revenue each year. The company earns $83.90 million in net income (profit) each year or $2.01 on an earnings per share basis.

The company employs 196 workers across the globe.

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.