Hess Midstream Partners LP (HESM) Receives $27.33 Consensus PT from Analysts

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Shares of Hess Midstream Partners LP (NYSE:HESM) have been given an average rating of “Buy” by the seven brokerages that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $27.75.

A number of equities analysts recently commented on HESM shares. Zacks Investment Research upgraded Hess Midstream Partners from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a report on Wednesday, June 27th. Morgan Stanley raised their target price on Hess Midstream Partners from $24.00 to $25.00 and gave the company an “overweight” rating in a report on Friday, August 17th. TheStreet upgraded Hess Midstream Partners from a “d+” rating to a “c” rating in a report on Tuesday, September 11th. Finally, Credit Suisse Group started coverage on Hess Midstream Partners in a report on Thursday. They set an “outperform” rating and a $29.00 target price on the stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Tower Research Capital LLC TRC purchased a new position in Hess Midstream Partners in the second quarter valued at about $244,000. Avalon Advisors LLC purchased a new position in Hess Midstream Partners in the first quarter valued at about $268,000. BlackRock Inc. grew its stake in Hess Midstream Partners by 116,337.5% in the second quarter. BlackRock Inc. now owns 18,630 shares of the company’s stock valued at $367,000 after purchasing an additional 18,614 shares in the last quarter. Penbrook Management LLC purchased a new position in Hess Midstream Partners in the second quarter valued at about $404,000. Finally, ELCO Management Co. LLC purchased a new position in Hess Midstream Partners in the second quarter valued at about $422,000. 51.29% of the stock is currently owned by institutional investors.

Shares of NYSE HESM traded up $0.45 during mid-day trading on Monday, hitting $22.65. The company had a trading volume of 156,425 shares, compared to its average volume of 90,942. The stock has a market capitalization of $622.65 million, a price-to-earnings ratio of 19.83, a PEG ratio of 1.38 and a beta of 1.96. 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 announced its quarterly earnings data on Wednesday, July 25th. The company reported $0.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.02. The company had revenue of $164.70 million during the quarter, compared to analysts’ expectations of $159.10 million. Hess Midstream Partners had a return on equity of 2.48% and a net margin of 10.34%. On average, sell-side analysts anticipate that Hess Midstream Partners will post 1.27 earnings per share for the current fiscal year.

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 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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