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T   18.43 (+0.05%)
MU   62.98 (+2.21%)
CGC   3.81 (-6.16%)
F   16.15 (+0.75%)
GE   79.21 (-0.89%)
DIS   122.67 (-0.11%)
AMC   19.29 (-9.69%)
PYPL   99.86 (+0.44%)
PFE   48.58 (-1.40%)
NFLX   245.17 (+1.67%)
QQQ   329.28 (+0.24%)
AAPL   174.15 (-0.23%)
MSFT   290.17 (-0.39%)
META   174.66 (-0.11%)
GOOGL   120.17 (+0.52%)
AMZN   142.30 (+0.14%)
TSLA   908.61 (-0.37%)
NVDA   187.73 (+2.39%)
NIO   19.91 (-0.85%)
BABA   90.74 (+1.08%)
AMD   100.44 (+2.21%)
T   18.43 (+0.05%)
MU   62.98 (+2.21%)
CGC   3.81 (-6.16%)
F   16.15 (+0.75%)
GE   79.21 (-0.89%)
DIS   122.67 (-0.11%)
AMC   19.29 (-9.69%)
PYPL   99.86 (+0.44%)
PFE   48.58 (-1.40%)
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NYSE:HESM

Hess Midstream - HESM Stock Forecast, Price & News

$30.67
+0.68 (+2.27%)
(As of 08/18/2022 12:00 AM ET)
Add
Compare
Today's Range
$30.14
$31.14
50-Day Range
$26.98
$33.02
52-Week Range
$23.35
$35.71
Volume
619,489 shs
Average Volume
663,322 shs
Market Capitalization
$1.35 billion
P/E Ratio
16.31
Dividend Yield
7.40%
Price Target
$30.80

Hess Midstream MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
0.4% Upside
$30.80 Price Target
Short Interest
Bearish
9.43% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.39mentions of Hess Midstream in the last 14 days
Based on 3 Articles This Week
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.

1.84 out of 5 stars

Oils/Energy Sector

185th out of 254 stocks

Crude Petroleum & Natural Gas Industry

64th out of 80 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 NYSE:HESM opened at $29.99 on Thursday. Hess Midstream has a 1 year low of $23.35 and a 1 year high of $35.71. The firm's 50 day moving average price is $29.13 and its 200 day moving average price is $30.37. The firm has a market cap of $1.32 billion, a P/E ratio of 15.95 and a beta of 1.67.

Hess Midstream Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 12th. Shareholders of record on Thursday, August 4th were issued a $0.556 dividend. This represents a $2.22 dividend on an annualized basis and a dividend yield of 7.42%. The ex-dividend date was Wednesday, August 3rd. This is a positive change from Hess Midstream's previous quarterly dividend of $0.55. Hess Midstream's dividend payout ratio (DPR) is 118.09%.

Analysts Set New Price Targets

Separately, Morgan Stanley lowered their price target on shares of Hess Midstream from $35.00 to $34.00 and set an "equal weight" rating on the stock in a research report on Wednesday, July 20th. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target 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 8/12 Dividend
8/03/2022
Dividend Payable
8/12/2022
Today
8/18/2022
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
+0.4%
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
$1.35 billion
Optionable
Optionable
Beta
1.67

Key Executives

  • Mr. John B. HessMr. John B. Hess (Age 68)
    Chairman & CEO of Hess Midstream GP LLC
  • Mr. John A. Gatling (Age 48)
    Pres & COO of Hess Midstream GP LLC
  • Mr. Jonathan C. SteinMr. Jonathan C. Stein (Age 53)
    Chief Financial Officer of Hess Midstream GP LLC
  • Mr. Timothy B. Goodell (Age 65)
    Gen. Counsel & Sec. of Hess Midstream GP LLC
  • Mr. John P. Rielly (Age 60)
    VP & Director of Hess Midstream GP LLC
  • Jennifer Gordon
    Director of Investor Relations













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 twelve months. 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 Wall Street research analysts have issued twelve-month target prices for Hess Midstream's stock. Their HESM share price forecasts range from $27.00 to $34.00. On average, they anticipate the company's stock price to reach $30.80 in the next year. This suggests a possible upside of 0.4% 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 2022?

Hess Midstream's stock was trading at $27.63 on January 1st, 2022. Since then, HESM shares have increased by 11.0% and is now trading at $30.67.
View the best growth stocks for 2022 here
.

Are investors shorting Hess Midstream?

Hess Midstream saw a increase in short interest during the month of July. As of July 31st, there was short interest totaling 4,150,000 shares, an increase of 5.3% from the July 15th total of 3,940,000 shares. Based on an average daily volume of 548,000 shares, the days-to-cover ratio is presently 7.6 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 26th 2022.
View our HESM earnings forecast
.

How were Hess Midstream's earnings last quarter?

Hess Midstream LP (NYSE:HESM) announced its quarterly earnings data on Wednesday, October, 27th. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.01. The company earned $303.90 million during the quarter. During the same period in the previous year, the business posted $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 dividend yield of 7.25%. The ex-dividend date of this dividend is Wednesday, August 3rd. This is a positive change 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 7.40%. 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 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 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 variety of retail and institutional investors. Top institutional investors include Alps Advisors Inc. (17.25%), CI Investments Inc. (6.65%), Tortoise Capital Advisors L.L.C. (4.46%), Goldman Sachs Group Inc. (4.27%), Mirae Asset Global Investments Co. Ltd. (3.18%) and Clearbridge Investments LLC (2.74%). 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 $30.67.

How much money does Hess Midstream make?

Hess Midstream (NYSE:HESM) has a market capitalization of $1.35 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?

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 8/18/2022 by MarketBeat.com Staff

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