Hess Midstream Partners (NYSE:HESM) Stock Rating Upgraded by Zacks Research

Hess Midstream Partners (NYSE:HESM) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

Other research analysts have also issued reports about the company. JPMorgan Chase & Co. upped their target price on Hess Midstream Partners from $44.00 to $46.00 and gave the company a “neutral” rating in a research note on Friday, August 22nd. UBS Group reiterated a “neutral” rating and set a $43.00 target price (down from $45.00) on shares of Hess Midstream Partners in a research report on Wednesday, September 10th. Raymond James Financial restated an “outperform” rating and set a $35.00 price target (down previously from $48.00) on shares of Hess Midstream Partners in a research note on Friday, October 24th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Hess Midstream Partners in a research note on Thursday, November 13th. Finally, Citigroup dropped their target price on Hess Midstream Partners from $41.00 to $37.00 and set a “neutral” rating for the company in a report on Tuesday, September 23rd. One research analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $40.57.

Hess Midstream Partners Stock Performance

Hess Midstream Partners stock traded up $0.43 during mid-day trading on Tuesday, reaching $32.47. The company had a trading volume of 1,949,929 shares, compared to its average volume of 1,424,984. The company has a 50 day moving average of $34.36 and a 200-day moving average of $37.69. The firm has a market cap of $6.74 billion, a price-to-earnings ratio of 11.51 and a beta of 0.62. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 8.83. Hess Midstream Partners has a 52 week low of $31.63 and a 52 week high of $44.14.

Hess Midstream Partners (NYSE:HESM) last released its earnings results on Monday, November 3rd. The company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.02. Hess Midstream Partners had a return on equity of 69.03% and a net margin of 20.46%.The business had revenue of $420.90 million for the quarter, compared to the consensus estimate of $424.36 million. During the same period last year, the business earned $0.63 earnings per share. The firm’s revenue for the quarter was up 11.2% compared to the same quarter last year. On average, sell-side analysts expect that Hess Midstream Partners will post 2.5 EPS for the current fiscal year.

Institutional Investors Weigh In On Hess Midstream Partners

Hedge funds have recently added to or reduced their stakes in the stock. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Hess Midstream Partners during the second quarter valued at approximately $25,000. Marquette Asset Management LLC bought a new position in Hess Midstream Partners in the 3rd quarter worth approximately $30,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Hess Midstream Partners during the first quarter valued at $31,000. Ameritas Advisory Services LLC acquired a new position in Hess Midstream Partners during the 2nd quarter valued at about $50,000. Finally, CENTRAL TRUST Co boosted its stake in shares of Hess Midstream Partners by 34.9% in the 2nd quarter. CENTRAL TRUST Co now owns 1,545 shares of the company’s stock valued at $59,000 after purchasing an additional 400 shares during the last quarter. Institutional investors own 98.97% of the company’s stock.

About Hess Midstream Partners

Hess Midstream LP owns, develops, operates, and acquires midstream assets and provide fee-based 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 owns natural gas gathering and compression systems; crude oil gathering systems; and produced water gathering and disposal facilities.