Hess Midstream (HESM) Stock Forecast, Price & News

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.

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.

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.
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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.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 25th 2023.
View our HESM earnings forecast.

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.

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.

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).

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.

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 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.

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

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.

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 $29.70.

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.

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.