Wall Street analysts forecast that Hess Midstream Partners LP (NYSE:HESM) will report $196.00 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Hess Midstream Partners’ earnings. The highest sales estimate is $200.20 million and the lowest is $191.80 million. Hess Midstream Partners reported sales of $169.50 million during the same quarter last year, which indicates a positive year-over-year growth rate of 15.6%. The firm is scheduled to report its next earnings results on Wednesday, October 30th.
According to Zacks, analysts expect that Hess Midstream Partners will report full year sales of $754.90 million for the current year, with estimates ranging from $744.40 million to $765.40 million. For the next fiscal year, analysts anticipate that the business will report sales of $874.65 million, with estimates ranging from $827.40 million to $921.90 million. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Hess Midstream Partners.
Hess Midstream Partners (NYSE:HESM) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.29 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.03). Hess Midstream Partners had a return on equity of 2.54% and a net margin of 10.16%. The firm had revenue of $172.80 million for the quarter, compared to the consensus estimate of $178.55 million.
HESM has been the subject of several recent analyst reports. Mitsubishi UFJ Financial Group restated an “overweight” rating on shares of Hess Midstream Partners in a research report on Thursday, April 25th. Zacks Investment Research upgraded shares of Hess Midstream Partners from a “sell” rating to a “hold” rating in a research report on Friday, August 2nd. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $25.33.
A number of institutional investors and hedge funds have recently bought and sold shares of HESM. BNP Paribas Arbitrage SA lifted its position in shares of Hess Midstream Partners by 53,057.1% in the 1st quarter. BNP Paribas Arbitrage SA now owns 3,721 shares of the company’s stock valued at $79,000 after acquiring an additional 3,714 shares in the last quarter. Marshall Wace LLP bought a new position in Hess Midstream Partners during the 1st quarter valued at about $128,000. Jane Street Group LLC bought a new position in Hess Midstream Partners during the 4th quarter valued at about $183,000. American Century Companies Inc. bought a new position in Hess Midstream Partners during the 4th quarter valued at about $243,000. Finally, Virtu Financial LLC lifted its holdings in Hess Midstream Partners by 29.7% during the 1st quarter. Virtu Financial LLC now owns 13,978 shares of the company’s stock valued at $296,000 after purchasing an additional 3,202 shares during the last quarter. Hedge funds and other institutional investors own 50.02% of the company’s stock.
Shares of HESM stock traded down $0.23 during trading hours on Friday, reaching $18.18. The company had a trading volume of 98,762 shares, compared to its average volume of 108,068. Hess Midstream Partners has a 12-month low of $16.17 and a 12-month high of $23.80. The company has a market capitalization of $520.93 million, a price-to-earnings ratio of 14.31, a PEG ratio of 1.24 and a beta of 1.46. The stock has a fifty day moving average of $19.56 and a 200-day moving average of $20.74.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Shareholders of record on Monday, August 5th were given a $0.397 dividend. This represents a $1.59 annualized dividend and a yield of 8.73%. The ex-dividend date of this dividend was Friday, August 2nd. Hess Midstream Partners’s payout ratio is presently 125.20%.
Hess Midstream Partners Company Profile
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 is involved in the natural gas and crude oil gathering and compression activities located primarily in McKenzie, Williams and Mountrail Counties, and North Dakota.
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