NYSE:HESM Hess Midstream (HESM) Stock Forecast, Price & News $30.19 +0.49 (+1.65%) (As of 11:51 AM ET) Add Compare Share Share Today's Range$29.70▼$30.2850-Day Range$28.76▼$31.8852-Week Range$24.33▼$32.43Volume604,177 shsAverage Volume573,849 shsMarket Capitalization$1.72 billionP/E Ratio15.17Dividend Yield7.95%Price Target$34.80 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Hess Midstream MarketRank™ ForecastAnalyst RatingModerate Buy2.60 Rating ScoreUpside/Downside17.2% Upside$34.80 Price TargetShort InterestHealthy4.29% of Shares Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews SentimentN/AInsider TradingSelling Shares$42.89 M Sold Last QuarterProj. Earnings Growth22.28%From $2.02 to $2.47 Per ShareSee Full Details Hide Full Details 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 starsOils/Energy Sector52nd out of 241 stocksCrude Petroleum & Natural Gas Industry33rd out of 79 stocks 2.3 Analyst's Opinion Consensus RatingHess Midstream has received a consensus rating of Moderate Buy. The company's average rating score is 2.60, and is based on 3 buy ratings, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $34.80, Hess Midstream has a forecasted upside of 17.2% from its current price of $29.70.Amount of Analyst CoverageHess Midstream has only been the subject of 2 research reports in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted4.29% of the outstanding shares of Hess Midstream have been sold short.Short Interest Ratio / Days to CoverHess Midstream has a short interest ratio ("days to cover") of 3.8, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Hess Midstream has recently decreased by 26.95%, indicating that investor sentiment is improving significantly. Previous Next 2.5 Dividend Strength Dividend LeadershipHess Midstream is a leading dividend payer. It pays a dividend yield of 7.86%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthHess Midstream has been increasing its dividend for 6 years.Dividend CoverageThe dividend payout ratio of Hess Midstream is 120.60%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on EPS estimates, Hess Midstream will have a dividend payout ratio of 97.17% in the coming year. This indicates that Hess Midstream may not be able to sustain their current dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for HESM. Previous Next 0.6 News and Social Media Coverage News Coverage This WeekMarketBeat has tracked 1 news article for Hess Midstream this week, compared to 1 article on an average week.Search InterestOnly 21 people have searched for HESM on MarketBeat in the last 30 days. This is a decrease of -5% compared to the previous 30 days.MarketBeat Follows7 people have added Hess Midstream to their MarketBeat watchlist in the last 30 days. This is an increase of 133% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Hess Midstream insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $42,885,000.00 in company stock.Percentage Held by Institutions86.34% of the stock of Hess Midstream is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Hess Midstream are expected to grow by 22.28% in the coming year, from $2.02 to $2.47 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Hess Midstream is 14.92, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 116.97.Price to Earnings Ratio vs. SectorThe P/E ratio of Hess Midstream is 14.92, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 12.51.Price to Book Value per Share RatioHess Midstream has a P/B Ratio of 2.47. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Hess Midstream (NYSE:HESM) StockHess 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.Read More HESM Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart HESM Stock News HeadlinesAugust 26, 2023 | seekingalpha.comHess Midstream: An 8.3% Dividend Yield Is A Gift For Value InvestorsAugust 23, 2023 | benzinga.comDirector of Hess Midstream Sold $42.88M In StockSeptember 22, 2023 | UNKNOWN (Ad)From Naval Flight Officer to CEOFirst Female Founded, Publicly Traded, Space Company. Discover moreAugust 10, 2023 | seekingalpha.comHess Midstream LP 2023 Q2 - Results - Earnings Call PresentationAugust 2, 2023 | msn.comHess Midstream LP - (HESM) Declares $0.60 DividendAugust 2, 2023 | msn.comMorgan Stanley Reiterates Hess Midstream LP - (HESM) Equal-Weight RecommendationJuly 29, 2023 | finance.yahoo.comRead This Before Considering Hess Midstream LP (NYSE:HESM) For Its Upcoming US$0.60 DividendJuly 29, 2023 | msn.comWells Fargo Maintains Hess Midstream LP - (HESM) Equal-Weight RecommendationSeptember 22, 2023 | The Oxford Club (Ad)Better Than Oil Stocks?The best way to profit from energy is NOT a stock...Rather, it's this little-known alternative investment. July 27, 2023 | finance.yahoo.comHess Midstream LP Reports Estimated Results for the Second Quarter of 2023June 27, 2023 | finance.yahoo.comWith 50% stake, Hess Midstream LP (NYSE:HESM) seems to have captured institutional investors' interestJune 27, 2023 | msn.comHess Midstream signs $100M sponsor unit repurchaseJune 22, 2023 | msn.comHess Midstream: Growing Value Through Dividend Increases And Share RepurchasesJune 8, 2023 | fool.comHess Midstream (NYSE: HESM)June 5, 2023 | incomeinvestors.comHess Midstream Stock: 8.3%-Yielder Raises Payout for 26 Straight QuartersJune 2, 2023 | msn.comHess Midstream Offers Both Safety And An Increasing DividendMay 31, 2023 | finance.yahoo.comHess Midstream (NYSE:HESM) shareholders have earned a 22% CAGR over the last three yearsMay 12, 2023 | msn.comUBS Initiates Coverage of Hess Midstream LP - (HESM) with Buy RecommendationMay 5, 2023 | seekingalpha.comHess Midstream: When Not A Bargain Is A Good ThingMay 3, 2023 | finance.yahoo.comHess Midstream LP (NYSE:HESM) Q1 2023 Earnings Call TranscriptApril 28, 2023 | markets.businessinsider.comMorgan Stanley Sticks to Their Hold Rating for Hess Midstream Partners (HESM)April 28, 2023 | finance.yahoo.comHess Midstream LP (NYSE:HESM) Is About To Go Ex-Dividend, And It Pays A 8.1% YieldApril 26, 2023 | msn.comHess posts Q1 earnings topper, makes new discovery in GuyanaApril 26, 2023 | seekingalpha.comHess Midstream: Great Growth, Fair Valuation, Fantastic DividendApril 26, 2023 | finance.yahoo.comHess Midstream LP Reports Estimated Results for the First Quarter Of 2023April 25, 2023 | msn.comEarnings Preview For Hess MidstreamApril 24, 2023 | finance.yahoo.comHess Midstream LP Announces Distribution Per Share Level Increase; Increases Quarterly DistributionSee More Headlines Receive HESM Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Hess Midstream and its competitors with MarketBeat's FREE daily newsletter. Email Address HESM Company Calendar Last Earnings7/26/2023Ex-Dividend for 8/14 Dividend8/02/2023Dividend Payable8/14/2023Today9/21/2023Next Earnings (Estimated)10/25/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Crude petroleum & natural gas Sub-IndustryN/A SectorOils/Energy Current SymbolNYSE:HESM Previous SymbolNASDAQ:HESM CUSIPN/A CIK1619739 Webwww.hessmidstream.com Phone(713) 496-4200FaxN/AEmployees196Year FoundedN/APrice 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 RatingModerate Buy Rating Score (0-4)2.60 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)$1.99 Trailing P/E Ratio14.92 Forward P/E Ratio14.70 P/E GrowthN/ANet Income$620.60 million Net Margins7.10% Pretax Margin49.15% Return on Equity18.95% Return on Assets2.52% Debt Debt-to-Equity Ratio7.04 Current Ratio0.77 Quick Ratio0.77 Sales & Book Value Annual Sales$1.28 billion Price / Sales1.32 Cash Flow$6.11 per share Price / Cash Flow4.86 Book Value$12.02 per share Price / Book2.47Miscellaneous Outstanding Shares56,860,000Free FloatN/AMarket Cap$1.69 billion OptionableOptionable Beta1.59 10 Best Stocks to Own in 2023Click the link below and we'll send you MarketBeat's list of the 10 best stocks to own in 2023 and why they should be in your portfolio. Get This Free Report Key ExecutivesMr. 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. 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 GordonDirector of Investor RelationsMore ExecutivesKey CompetitorsCrescent EnergyNYSE:CRGYTalos EnergyNYSE:TALOPar PacificNYSE:PARRKimbell Royalty PartnersNYSE:KRPDorchester MineralsNASDAQ:DMLPView All CompetitorsInsiders & InstitutionsBarclays PLCBought 28,206 shares on 9/21/2023Ownership: 0.070%Virginia Retirement Systems ET ALBought 38,800 shares on 8/22/2023Ownership: 0.068%Infrastructure Investor GlobalSold 1,500,000 sharesTotal: $42.89 M ($28.59/share)California State Teachers Retirement SystemBought 9,831 shares on 8/21/2023Ownership: 0.085%Osaic Holdings Inc.Bought 21,717 shares on 8/21/2023Ownership: 0.049%View All Insider TransactionsView All Institutional Transactions 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. What ETFs hold Hess Midstream's stock? ETFs with the largest weight of Hess Midstream (NYSE:HESM) stock in their portfolio include First Trust Natural Gas ETF (FCG), BNY Mellon Global Infrastructure Income ETF (BKGI), Alerian MLP ETF (AMLP), Global X MLP ETF (MLPA), InfraCap MLP ETF (AMZA), Amplify Natural Resources Dividend Income ETF (NDIV), Pacer American Energy Independence ETF (USAI) and USCF Midstream Energy Income Fund (UMI). 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 Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Hess Midstream LP Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. 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