Shares of Hess Midstream Partners LP (NYSE:HESM – Get Free Report) have been given a consensus rating of “Moderate Buy” by the five ratings firms that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $46.20.
A number of equities research analysts have recently weighed in on the company. Wall Street Zen upgraded Hess Midstream Partners from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. JPMorgan Chase & Co. lifted their target price on Hess Midstream Partners from $44.00 to $46.00 and gave the stock a “neutral” rating in a report on Friday, August 22nd. Morgan Stanley assumed coverage on Hess Midstream Partners in a research report on Friday, July 25th. They set an “equal weight” rating and a $48.00 price target for the company. Finally, Wells Fargo & Company boosted their price objective on Hess Midstream Partners from $47.00 to $48.00 and gave the company an “overweight” rating in a research report on Friday, August 1st.
Read Our Latest Report on HESM
Insider Buying and Selling
In other Hess Midstream Partners news, COO John A. Gatling sold 62,457 shares of the business’s stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $41.59, for a total transaction of $2,597,586.63. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Geurt G. Schoonman sold 3,249 shares of the business’s stock in a transaction on Monday, June 9th. The stock was sold at an average price of $39.10, for a total value of $127,035.90. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,088,223 shares of company stock worth $556,454,599.
Hedge Funds Weigh In On Hess Midstream Partners
Large investors have recently modified their holdings of the business. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Hess Midstream Partners in the 2nd quarter valued at $25,000. Caitong International Asset Management Co. Ltd purchased a new stake in Hess Midstream Partners during the 1st quarter worth about $31,000. Farther Finance Advisors LLC increased its holdings in Hess Midstream Partners by 840.2% during the 1st quarter. Farther Finance Advisors LLC now owns 1,053 shares of the company’s stock worth $45,000 after purchasing an additional 941 shares during the period. Ameritas Advisory Services LLC purchased a new position in shares of Hess Midstream Partners in the 2nd quarter valued at about $50,000. Finally, FSC Wealth Advisors LLC purchased a new position in shares of Hess Midstream Partners in the 1st quarter valued at about $58,000. Institutional investors and hedge funds own 98.97% of the company’s stock.
Hess Midstream Partners Price Performance
Shares of HESM stock opened at $41.45 on Wednesday. Hess Midstream Partners has a 1-year low of $33.59 and a 1-year high of $44.14. The stock’s 50-day moving average is $39.94 and its 200 day moving average is $39.47. The company has a market cap of $8.71 billion, a P/E ratio of 15.35 and a beta of 0.67. The company has a debt-to-equity ratio of 7.26, a current ratio of 0.71 and a quick ratio of 0.71.
Hess Midstream Partners (NYSE:HESM – Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.18. Hess Midstream Partners had a return on equity of 60.37% and a net margin of 18.52%.The company had revenue of $414.20 million for the quarter, compared to the consensus estimate of $405.08 million. During the same quarter last year, the company earned $0.59 earnings per share. The firm’s revenue for the quarter was up 13.3% compared to the same quarter last year. Research analysts predict that Hess Midstream Partners will post 2.5 earnings per share for the current fiscal year.
Hess Midstream Partners Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Thursday, August 7th were given a dividend of $0.737 per share. The ex-dividend date was Thursday, August 7th. This is a positive change from Hess Midstream Partners’s previous quarterly dividend of $0.71. This represents a $2.95 annualized dividend and a dividend yield of 7.1%. Hess Midstream Partners’s dividend payout ratio (DPR) is presently 109.26%.
About Hess Midstream Partners
(Get Free Report)
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.
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