Hess Midstream Partners LP (NYSE:HESM) has received an average rating of “Hold” from the six brokerages that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $27.33.
A number of analysts have recently weighed in on the company. TheStreet upgraded Hess Midstream Partners from a “d+” rating to a “c” rating in a research report on Tuesday, September 11th. Zacks Investment Research downgraded Hess Midstream Partners from a “buy” rating to a “hold” rating in a research report on Wednesday, August 29th. Finally, Morgan Stanley upped their target price on Hess Midstream Partners from $24.00 to $25.00 and gave the company an “overweight” rating in a research report on Friday, August 17th.
Several large investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC acquired a new position in shares of Hess Midstream Partners during the 2nd quarter worth $244,000. Avalon Advisors LLC acquired a new position in shares of Hess Midstream Partners during the 1st quarter worth $268,000. BlackRock Inc. raised its holdings in shares of Hess Midstream Partners by 116,337.5% during the 2nd quarter. BlackRock Inc. now owns 18,630 shares of the company’s stock worth $367,000 after buying an additional 18,614 shares in the last quarter. Penbrook Management LLC acquired a new position in shares of Hess Midstream Partners during the 2nd quarter worth $404,000. Finally, ELCO Management Co. LLC acquired a new position in shares of Hess Midstream Partners during the 2nd quarter worth $422,000. Hedge funds and other institutional investors own 51.29% of the company’s stock.
HESM traded down $0.04 during trading on Thursday, hitting $22.34. The stock had a trading volume of 15,429 shares, compared to its average volume of 50,675. The company has a market capitalization of $614.73 million, a PE ratio of 19.58, a price-to-earnings-growth ratio of 1.37 and a beta of 1.99. Hess Midstream Partners has a one year low of $18.32 and a one year high of $24.51.
Hess Midstream Partners (NYSE:HESM) last released its earnings results on Wednesday, July 25th. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.02. The firm had revenue of $164.70 million during the quarter, compared to the consensus estimate of $159.10 million. Hess Midstream Partners had a return on equity of 2.48% and a net margin of 10.34%. sell-side analysts predict that Hess Midstream Partners will post 1.27 EPS for the current year.
About Hess Midstream Partners
Hess Midstream Partners LP owns, operates, develops, and acquires midstream assets to provide services to Hess and third-party customers in the United States. It operates through three segments: Gathering, Processing and Storage, and Terminaling and Export. The gathering segment include natural gas and crude oil gathering and compression systems located primarily in McKenzie, Williams and Mountrail Counties, and North Dakota.
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