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NYSE:HESM

Hess Midstream - HESM Stock Forecast, Price & News

$28.57
+0.08 (+0.28%)
(As of 08/8/2022 03:09 PM ET)
Add
Compare
Today's Range
$28.23
$28.85
50-Day Range
$26.98
$34.84
52-Week Range
$23.35
$35.71
Volume
9,350 shs
Average Volume
684,115 shs
Market Capitalization
$1.26 billion
P/E Ratio
15.20
Dividend Yield
7.79%
Price Target
$30.80

Hess Midstream MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
8.5% Upside
$30.80 Price Target
Short Interest
Bearish
8.95% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
12.56%
From $1.99 to $2.24 Per Share

Overall MarketRank

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

1.64 out of 5 stars

Oils/Energy Sector

239th out of 344 stocks

Crude Petroleum & Natural Gas Industry

79th out of 114 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; crude oil gathering systems; and produced water gathering and disposal facilities. Its gathering systems consists of approximately 1,350 miles of high and low pressure natural gas and natural gas liquids gathering pipelines with capacity of approximately 450 million cubic feet per day; and crude oil gathering system comprises approximately 550 miles of crude oil gathering pipelines. 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.

Hess Midstream Stock Performance

Shares of HESM Stock traded down $0.03 during mid-day trading on Monday, reaching $28.46. The company's stock had a trading volume of 8,512 shares, compared to its average volume of 684,115. The company has a market cap of $1.25 billion, a P/E ratio of 15.15 and a beta of 1.67. The firm's 50-day moving average is $29.76 and its two-hundred day moving average is $30.35. Hess Midstream has a 1-year low of $23.35 and a 1-year high of $35.71.

Hess Midstream Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 12th. Stockholders of record on Thursday, August 4th will be issued a $0.556 dividend. The ex-dividend date is Wednesday, August 3rd. This is an increase from Hess Midstream's previous quarterly dividend of $0.55. This represents a $2.22 dividend on an annualized basis and a dividend yield of 7.81%. Hess Midstream's dividend payout ratio (DPR) is 118.09%.

Wall Street Analyst Weigh In

Separately, Morgan Stanley lowered their price objective on shares of Hess Midstream from $35.00 to $34.00 and set an "equal weight" rating for the company in a research report on Wednesday, July 20th. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $30.80.

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HESM Stock News Headlines

Hess Midstream (HESM) Scheduled to Post Earnings on Wednesday
7 Best Mid-Cap Stocks to Buy Right Now
Hess Corporation: Slow And Steady Wins The Race
Hess Midstream Partners LP Misses Q1 EPS by 4c
Hess Midstream Partners Q1 2022 Earnings Preview
See More Headlines
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HESM Company Calendar

Last Earnings
10/27/2021
Ex-Dividend for 5/13 Dividend
5/04/2022
Dividend Payable
5/13/2022
Ex-Dividend for 8/12 Dividend
8/03/2022
Today
8/08/2022
Dividend Payable
8/12/2022
Next Earnings (Estimated)
10/26/2022
Fiscal Year End
12/31/2022

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
$30.80
High Stock Price Forecast
$34.00
Low Stock Price Forecast
$27.00
Forecasted Upside/Downside
+7.8%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
5 Analysts

Profitability

Net Income
$46.40 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$1.20 billion

Miscellaneous

Free Float
N/A
Market Cap
$1.26 billion
Optionable
Optionable
Beta
1.67














HESM Stock - Frequently Asked Questions

Should I buy or sell Hess Midstream stock right now?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Hess Midstream in the last year. There are currently 5 hold ratings for the stock. The consensus among Wall Street 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.

What is Hess Midstream's stock price forecast for 2022?

5 brokers have issued 12-month price objectives for Hess Midstream's shares. Their HESM stock forecasts range from $27.00 to $34.00. On average, they predict the company's stock price to reach $30.80 in the next year. This suggests a possible upside of 8.5% from the stock's current price.
View analysts price targets for HESM
or view top-rated stocks among Wall Street analysts.

How has Hess Midstream's stock performed in 2022?

Hess Midstream's stock was trading at $27.63 at the beginning of the year. Since then, HESM stock has increased by 2.8% and is now trading at $28.40.
View the best growth stocks for 2022 here
.

Are investors shorting Hess Midstream?

Hess Midstream saw a increase in short interest in June. As of June 30th, there was short interest totaling 3,840,000 shares, an increase of 25.9% from the June 15th total of 3,050,000 shares. Based on an average daily trading volume, of 657,800 shares, the short-interest ratio is currently 5.8 days.
View Hess Midstream's Short Interest
.

When is Hess Midstream's next earnings date?

Hess Midstream is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our HESM earnings forecast
.

How were Hess Midstream's earnings last quarter?

Hess Midstream LP (NYSE:HESM) released its quarterly earnings results on Wednesday, October, 27th. The company reported $0.38 earnings per share for the quarter, beating analysts' consensus estimates of $0.37 by $0.01. The business earned $303.90 million during the quarter. During the same quarter last year, the firm earned $0.31 EPS.

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

Hess Midstream declared a quarterly dividend on Monday, July 25th. Investors of record on Thursday, August 4th will be paid a dividend of $0.556 per share on Friday, August 12th. This represents a $2.22 dividend on an annualized basis and a yield of 7.83%. The ex-dividend date is Wednesday, August 3rd. This is an increase from the stock's previous quarterly dividend of $0.55.
Read our dividend analysis for HESM
.

Is Hess Midstream a good dividend stock?

Hess Midstream (NYSE:HESM) pays an annual dividend of $2.22 per share and currently has a dividend yield of 7.79%. 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 5 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 118.09%. 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 99.11% 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 (IPO) 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 many different retail and institutional investors. Top institutional shareholders include Mirae Asset Global Investments Co. Ltd. (3.18%), Connor Clark & Lunn Investment Management Ltd. (1.49%), Kayne Anderson Capital Advisors LP (0.96%), Jennison Associates LLC (0.55%), Spirit of America Management Corp NY (0.53%) and Kercheville Advisors LLC (0.49%). 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
.

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 $28.40.

How much money does Hess Midstream make?

Hess Midstream (NYSE:HESM) has a market capitalization of $1.25 billion and generates $1.20 billion in revenue each year. The company earns $46.40 million in net income (profit) each year or $1.88 on an earnings per share basis.

How many employees does Hess Midstream have?

Hess Midstream 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 8/8/2022 by MarketBeat.com Staff

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