HESM - Hess Midstream Partners LP Stock Price, News & Analysis

$18.95 0.03 (0.16 %)
(As of 11/24/2017 09:26 AM ET)
Previous Close$18.92
Today's Range$18.80 - $19.08
52-Week Range$18.33 - $26.78
Volume43,700 shs
Average Volume114,573 shs
Market Capitalization$516.95 million
P/E RatioN/A
Dividend Yield6.57%
BetaN/A

About Hess Midstream Partners LP (NYSE:HESM)

Hess Midstream Partners LP logoHess Midstream Partners LP is a fee-based, traditional master limited partnership formed to own, operate, develop and acquire a set of midstream assets to provide services to Hess and third-party crude oil and natural gas producers. The Company's assets are primarily located in the Bakken and Three Forks shale plays in the Williston Basin area of North Dakota (collectively referred as the Bakken). It operates its business through three segments: gathering; processing and storage; and terminaling and export. The Company’s gathering business consisted of its 20% controlling economic interest in Gathering Opco, which owns North Dakota natural gas, natural gas liquids and crude oil gathering systems. The Company’s processing and storage business consisted of its 20% controlling economic interest in the Tioga Gas Plant and its 100% interest in the Mentor Storage Terminal. The Company’s terminaling and export business consisted of its 20% controlling economic interest in Logistics Opco.


Industry, Sector and Symbol

Industry LNG Transportation & Storage
Sub-IndustryN/A
SectorEnergy
SymbolNYSE:HESM
  • Previous Symbol: NASDAQ:HESM
  • CUSIPN/A

    Debt

    Debt-to-Equity RatioN/A
    Current Ratio2.14%
    Quick Ratio2.14%

    Price-To-Earnings

    Trailing P/E RatioN/A
    Forward P/E Ratio18.76
    P/E Growth1.34

    Sales & Book Value

    Annual Sales$509.80 million
    Price / Sales1.01
    Cash FlowN/A
    Price / CashN/A
    Book Value$93.90 per share
    Price / Book0.20

    Dividend

    Annual Dividend$1.24
    Dividend Yield6.6%

    Profitability

    Trailing EPSN/A
    Net Income$206.30 million
    Net Margins52.15%
    Return on Equity11.60%
    Return on Assets11.73%

    Miscellaneous

    Employees186
    Outstanding Shares27,280,000

    Frequently Asked Questions for Hess Midstream Partners LP (NYSE:HESM)

    What is Hess Midstream Partners LP's stock symbol?

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

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

    Hess Midstream Partners LP announced a quarterly dividend on Wednesday, October 25th. Shareholders of record on Friday, November 3rd will be given a dividend of $0.3107 per share on Monday, November 13th. This represents a $1.24 annualized dividend and a dividend yield of 6.56%. The ex-dividend date of this dividend is Thursday, November 2nd. View Hess Midstream Partners LP's Dividend History.

    How were Hess Midstream Partners LP's earnings last quarter?

    Hess Midstream Partners LP (NYSE:HESM) issued its quarterly earnings results on Thursday, October, 26th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.24 by $0.03. The business had revenue of $146.70 million for the quarter, compared to analyst estimates of $116.27 million. Hess Midstream Partners LP had a return on equity of 11.60% and a net margin of 52.15%. View Hess Midstream Partners LP's Earnings History.

    When will Hess Midstream Partners LP make its next earnings announcement?

    Hess Midstream Partners LP is scheduled to release their next quarterly earnings announcement on Thursday, January, 25th 2018. View Earnings Estimates for Hess Midstream Partners LP.

    Where is Hess Midstream Partners LP's stock going? Where will Hess Midstream Partners LP's stock price be in 2017?

    5 equities research analysts have issued 12 month price objectives for Hess Midstream Partners LP's shares. Their forecasts range from $25.00 to $32.00. On average, they anticipate Hess Midstream Partners LP's share price to reach $28.80 in the next year. View Analyst Ratings for Hess Midstream Partners LP.

    Who are some of Hess Midstream Partners LP's key competitors?

    Who are Hess Midstream Partners LP's key executives?

    Hess Midstream Partners LP's management team includes the folowing people:

    • John B. Hess Jr., Chairman of the Board, Chief Executive Officer of the General Partner
    • Jonathan C. Stein, Chief Financial Officer of the General Partner
    • John A. Gatling, Chief Operating Officer of the General Partner
    • Gerald A. Tamborski, Vice President - Operations of the General Partner
    • John P. Rielly, Vice President, Director of the General Partner
    • Timothy B. Goodell II, General Counsel, Secretary of the General Partner
    • William J. Brilliant, Director of the General Partner
    • Gregory P. Hill, Director of the General Partner
    • William A. Woodburn, Director of the General Partner
    • David W. Niemiec, Independent Director Nominee

    When did Hess Midstream Partners LP IPO?

    (HESM) raised $250 million in an initial public offering (IPO) 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 acted as the underwriters for the IPO and ING, Scotia, Howard Weil, SMBC Nikko, Barclays, HSBC and TD Securities were co-managers.

    When did Hess Midstream Partners LP's lock-up period expire?

    Hess Midstream Partners LP's lock-up period expired on Monday, October 2nd. Hess Midstream Partners LP had issued 14,780,000 shares in its initial public offering on April 5th. The total size of the offering was $339,940,000 based on an initial share price of $23.00. Shares of the company owned by company insiders and major shareholders are now eligible to be traded as a result of the expiration of the lock-up period.

    Who owns Hess Midstream Partners LP stock?

    Hess Midstream Partners LP's stock is owned by many different of institutional and retail investors. Top institutional investors include Harvest Fund Advisors LLC (10.60%), Harvest Fund Advisors LLC (10.45%), Cohen & Steers Inc. (6.33%), Kayne Anderson Capital Advisors LP (2.02%), Commonwealth of Pennsylvania Public School Empls Retrmt SYS (1.07%) and State of New Jersey Common Pension Fund D (0.52%). Company insiders that own Hess Midstream Partners LP stock include Gregory P Hill, John A Gatling, John B Hess, John P Rielly, Jonathan C Stein and Timothy B Goodell. View Institutional Ownership Trends for Hess Midstream Partners LP.

    Who sold Hess Midstream Partners LP stock? Who is selling Hess Midstream Partners LP stock?

    Hess Midstream Partners LP's stock was sold by a variety of institutional investors in the last quarter, including Kayne Anderson Capital Advisors LP, Russell Investments Group Ltd., Neuberger Berman Group LLC, American Century Companies Inc., Kornitzer Capital Management Inc. KS, Lucas Capital Management and OxFORD Asset Management LLP. View Insider Buying and Selling for Hess Midstream Partners LP.

    Who bought Hess Midstream Partners LP stock? Who is buying Hess Midstream Partners LP stock?

    Hess Midstream Partners LP's stock was bought by a variety of institutional investors in the last quarter, including Cohen & Steers Inc., State of New Jersey Common Pension Fund D, HITE Hedge Asset Management LLC, Spirit of America Management Corp NY, Harvest Fund Advisors LLC, Jennison Associates LLC, GSA Capital Partners LLP and Commonwealth of Pennsylvania Public School Empls Retrmt SYS. Company insiders that have bought Hess Midstream Partners LP stock in the last two years include Gregory P Hill, John A Gatling, John B Hess, John P Rielly, Jonathan C Stein and Timothy B Goodell. View Insider Buying and Selling for Hess Midstream Partners LP.

    How do I buy Hess Midstream Partners LP stock?

    Shares of Hess Midstream Partners LP can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

    What is Hess Midstream Partners LP's stock price today?

    One share of Hess Midstream Partners LP stock can currently be purchased for approximately $18.95.

    How big of a company is Hess Midstream Partners LP?

    Hess Midstream Partners LP has a market capitalization of $516.95 million and generates $509.80 million in revenue each year. Hess Midstream Partners LP employs 186 workers across the globe.

    How can I contact Hess Midstream Partners LP?

    Hess Midstream Partners LP'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]


    MarketBeat Community Rating for Hess Midstream Partners LP (HESM)

    Community Ranking:  2.4 out of 5 (star star)
    Outperform Votes:  53 (Vote Outperform)
    Underperform Votes:  57 (Vote Underperform)
    Total Votes:  110
    MarketBeat's community ratings are surveys of what our community members think about Hess Midstream Partners LP and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

    Analyst Ratings

    Analysts' Consensus Rating for Hess Midstream Partners LP (NYSE:HESM)

      (How are Consensus Ratings Calculated?)
    Ratings Breakdown: 0 Sell Ratings, 0 Hold Ratings, 5 Buy Ratings, 0 Strong Buy Ratings
    Consensus Rating:Buy (Score: 3.00)
    Consensus Price Target: $28.80 (51.98% upside)

    Consensus Price Target History for Hess Midstream Partners LP (NYSE:HESM)

    Price Target History for Hess Midstream Partners LP (NYSE:HESM)

    Analysts' Ratings History for Hess Midstream Partners LP (NYSE:HESM)

    Show:
    DateFirmActionRatingPrice TargetImpact on Share PriceDetails
    8/30/2017Morgan StanleyUpgradeEqual Weight -> Overweight$25.00 -> $26.00HighView Rating Details
    8/11/2017Citigroup Inc.UpgradeNeutral -> Buy$28.00 -> $25.00HighView Rating Details
    7/22/2017ScotiabankSet Price TargetBuy$31.00LowView Rating Details
    5/1/2017Goldman Sachs Group, Inc. (The)Initiated CoverageBuy$32.00HighView Rating Details
    5/1/2017J P Morgan Chase & CoInitiated CoverageOverweight$30.00LowView Rating Details
    (Data available from 11/24/2015 forward)

    Earnings

    Earnings History and Estimates Chart for Hess Midstream Partners LP (NYSE:HESM)

    Earnings by Quarter for Hess Midstream Partners LP (NYSE:HESM)

    Earnings History by Quarter for Hess Midstream Partners LP (NYSE HESM)

    DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
    1/25/2018        
    10/26/2017Q3 2017$0.24$0.27$116.27 million$146.70 millionViewN/AView Earnings Details
    7/27/2017Q2 2017$0.23$0.21$111.37 million$138.30 millionViewN/AView Earnings Details
    (Data available from 1/1/2011 forward)

    Estimates

    Earnings Estimates for Hess Midstream Partners LP (NYSE:HESM)
    Current Year EPS Consensus Estimate: $1.01 EPS
    Next Year EPS Consensus Estimate: $1.3 EPS

    Dividends

    Current Dividend Information for Hess Midstream Partners LP (NYSE:HESM)

    Most Recent Dividend:11/13/2017
    Annual Dividend:$1.24
    Dividend Yield:6.54%
    Dividend Growth:0.00% (3 Year Average)
    Payout Ratio:122.77% (Based on This Year's Estimates)
    95.38% (Based on Next Year's Estimates)
    Dividend Payments by Quarter for Hess Midstream Partners LP (NYSE:HESM)

    Dividend History by Quarter for Hess Midstream Partners LP (NYSE HESM)

    AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
    10/25/2017quarterly$0.316.01%11/2/201711/3/201711/13/2017
    7/26/2017special$0.278/2/20178/4/20178/14/2017
    (Data available from 1/1/2013 forward)

    Insider Trades

    Insider Trading and Institutional Ownership History for Hess Midstream Partners LP (NYSE HESM)

    Institutional Ownership Percentage: 58.30%
    Insider Trades by Quarter for Hess Midstream Partners LP (NYSE:HESM)
    Institutional Ownership by Quarter for Hess Midstream Partners LP (NYSE:HESM)

    Insider Trades by Quarter for Hess Midstream Partners LP (NYSE HESM)

    Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
    4/10/2017Gregory P HillDirectorBuy4,350$23.00$100,050.00View SEC Filing  
    4/10/2017John A GatlingCOOBuy15,000$23.00$345,000.00View SEC Filing  
    4/10/2017John B HessChairmanBuy206,550$23.00$4,750,650.00View SEC Filing  
    4/10/2017John P RiellyVPBuy20,000$23.00$460,000.00View SEC Filing  
    4/10/2017Jonathan C SteinCFOBuy8,700$23.00$200,100.00View SEC Filing  
    4/10/2017Timothy B GoodellGeneral CounselBuy12,500$23.00$287,500.00View SEC Filing  
    (Data available from 1/1/2013 forward)

    Headlines

    Latest Headlines for Hess Midstream Partners LP (NYSE HESM)

    Source:
    DateHeadline
    Head-To-Head Comparison: Teekay LNG Partners L.P. (TGP) vs. Hess Midstream Partners (HESM)Head-To-Head Comparison: Teekay LNG Partners L.P. (TGP) vs. Hess Midstream Partners (HESM)
    www.americanbankingnews.com - November 22 at 9:06 PM

    Social Media

    Financials

    Financials are not available for this stock.

    Chart

    Hess Midstream Partners LP (NYSE HESM) Chart for Friday, November, 24, 2017
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    This page was last updated on 11/24/2017 by MarketBeat.com Staff

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