Somewhat Positive Press Coverage Somewhat Unlikely to Affect Hess Midstream Partners (HESM) Stock Price
Headlines about Hess Midstream Partners (NASDAQ:HESM) have been trending somewhat positive on Monday, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Hess Midstream Partners earned a news impact score of 0.16 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 47.8909961826155 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Hess Midstream Partners (HESM) opened at $20.04 on Monday.
Hess Midstream Partners (NASDAQ:HESM) last released its quarterly earnings results on Thursday, October 26th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.24 by $0.03. The business had revenue of $146.70 million during the quarter, compared to analyst estimates of $116.27 million. Hess Midstream Partners had a net margin of 49.24% and a return on equity of 3.23%.
The company also recently declared a quarterly dividend, which will be paid on Monday, November 13th. Stockholders of record on Friday, November 3rd will be given a dividend of $0.3107 per share. The ex-dividend date of this dividend is Thursday, November 2nd. This represents a $1.24 annualized dividend and a dividend yield of 6.20%.
Several research firms have weighed in on HESM. Citigroup Inc. upgraded shares of Hess Midstream Partners from a “neutral” rating to a “buy” rating and lowered their target price for the company from $28.00 to $25.00 in a research note on Friday, August 11th. Morgan Stanley boosted their target price on shares of Hess Midstream Partners from $25.00 to $26.00 and gave the company an “equal weight” rating in a research note on Friday, July 14th. BidaskClub upgraded shares of Hess Midstream Partners from a “sell” rating to a “hold” rating in a research note on Thursday, October 5th. Zacks Investment Research lowered shares of Hess Midstream Partners from a “hold” rating to a “sell” rating in a research note on Wednesday, September 27th. Finally, Scotiabank set a $31.00 target price on shares of Hess Midstream Partners and gave the company a “buy” rating in a research note on Saturday, July 22nd. One analyst has rated the stock with a sell rating, five have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $27.83.
Hess Midstream Partners Company Profile
Hess Midstream Partners LP is a fee-based, traditional master limited partnership formed to own, operate, develop and acquire a set of midstream assets to provide services to Hess and third-party crude oil and natural gas producers. The Company’s assets are primarily located in the Bakken and Three Forks shale plays in the Williston Basin area of North Dakota (collectively referred as the Bakken).
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