Hess Midstream Partners LP (NYSE:HESM) Receives $40.57 Average Target Price from Brokerages

Hess Midstream Partners LP (NYSE:HESM) has received an average rating of “Reduce” from the nine ratings firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $40.5714.

A number of equities analysts have recently commented on the company. Zacks Research upgraded Hess Midstream Partners from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hess Midstream Partners in a research report on Monday, December 29th. Raymond James Financial cut Hess Midstream Partners from an “outperform” rating to a “market perform” rating in a research report on Monday, January 5th. Wall Street Zen downgraded shares of Hess Midstream Partners from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th. Finally, The Goldman Sachs Group initiated coverage on shares of Hess Midstream Partners in a research note on Tuesday, September 30th. They set a “neutral” rating and a $36.00 target price for the company.

Institutional Investors Weigh In On Hess Midstream Partners

A number of institutional investors have recently bought and sold shares of the business. PFG Investments LLC increased its stake in Hess Midstream Partners by 30.3% in the fourth quarter. PFG Investments LLC now owns 21,144 shares of the company’s stock valued at $729,000 after acquiring an additional 4,923 shares during the period. Farther Finance Advisors LLC lifted its position in shares of Hess Midstream Partners by 24.6% during the 4th quarter. Farther Finance Advisors LLC now owns 3,360 shares of the company’s stock worth $116,000 after buying an additional 664 shares during the period. Castellan Group boosted its stake in Hess Midstream Partners by 6.4% in the 4th quarter. Castellan Group now owns 89,963 shares of the company’s stock valued at $3,104,000 after buying an additional 5,385 shares in the last quarter. U.S. Capital Wealth Advisors LLC grew its position in Hess Midstream Partners by 7.4% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 51,587 shares of the company’s stock valued at $1,780,000 after acquiring an additional 3,549 shares during the period. Finally, Apollon Wealth Management LLC raised its stake in Hess Midstream Partners by 19.0% during the fourth quarter. Apollon Wealth Management LLC now owns 11,395 shares of the company’s stock worth $393,000 after acquiring an additional 1,822 shares in the last quarter. Institutional investors and hedge funds own 98.97% of the company’s stock.

Hess Midstream Partners Stock Down 0.5%

Shares of Hess Midstream Partners stock opened at $35.13 on Friday. Hess Midstream Partners has a 12-month low of $31.63 and a 12-month high of $44.14. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 8.83. The stock has a 50 day moving average price of $34.05 and a two-hundred day moving average price of $36.29. The stock has a market capitalization of $7.30 billion, a P/E ratio of 12.46 and a beta of 0.61.

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

Hess Midstream Partners Company Profile

Hess Midstream Partners LP, formerly traded on the New York Stock Exchange under the ticker HESM, is a midstream energy partnership that owns, operates and develops crude oil, natural gas and produced water infrastructure in the Williston Basin. The company’s assets include crude oil gathering and transportation systems, saltwater disposal wells, natural gas processing and fractionation plants, and associated pipeline and storage facilities. Its integrated network is designed to support upstream production by providing gathering, processing, storage and marketing services for hydrocarbons and produced water.

Headquartered in Houston, Texas, Hess Midstream Partners primarily serves producers operating in North Dakota and Montana’s Bakken Shale region.