Hess Midstream Partners LP (NYSE:HESM) Receives Average Rating of “Hold” from Analysts

Shares of Hess Midstream Partners LP (NYSE:HESM) have received an average recommendation of “Hold” from the nine research firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $40.5714.

A number of equities research analysts have recently commented on HESM shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hess Midstream Partners in a report on Monday, December 29th. Wells Fargo & Company downgraded Hess Midstream Partners from an “equal weight” rating to a “reduce” rating in a research note on Friday, September 19th. Zacks Research upgraded Hess Midstream Partners from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 18th. Raymond James Financial reissued an “outperform” rating and issued a $35.00 target price (down previously from $48.00) on shares of Hess Midstream Partners in a report on Friday, October 24th. Finally, Wall Street Zen downgraded Hess Midstream Partners from a “buy” rating to a “hold” rating in a report on Saturday, November 15th.

Institutional Investors Weigh In On Hess Midstream Partners

Hedge funds have recently added to or reduced their stakes in the company. Kesler Norman & Wride LLC increased its position in Hess Midstream Partners by 0.9% during the 2nd quarter. Kesler Norman & Wride LLC now owns 26,507 shares of the company’s stock worth $1,021,000 after purchasing an additional 241 shares during the period. Geneos Wealth Management Inc. boosted its stake in shares of Hess Midstream Partners by 14.3% in the second quarter. Geneos Wealth Management Inc. now owns 2,400 shares of the company’s stock valued at $92,000 after buying an additional 300 shares in the last quarter. Virtus Investment Advisers LLC grew its holdings in Hess Midstream Partners by 7.6% during the second quarter. Virtus Investment Advisers LLC now owns 4,456 shares of the company’s stock worth $172,000 after acquiring an additional 315 shares during the period. Farther Finance Advisors LLC raised its position in Hess Midstream Partners by 14.1% in the third quarter. Farther Finance Advisors LLC now owns 2,696 shares of the company’s stock worth $93,000 after acquiring an additional 333 shares in the last quarter. Finally, CENTRAL TRUST Co lifted its holdings in Hess Midstream Partners by 34.9% in the second quarter. CENTRAL TRUST Co now owns 1,545 shares of the company’s stock valued at $59,000 after acquiring an additional 400 shares during the period. Institutional investors and hedge funds own 98.97% of the company’s stock.

Hess Midstream Partners Price Performance

HESM stock opened at $34.61 on Tuesday. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 8.83. The company has a market capitalization of $7.19 billion, a P/E ratio of 12.27 and a beta of 0.61. The business has a 50 day simple moving average of $33.80 and a 200-day simple moving average of $36.73. Hess Midstream Partners has a twelve month low of $31.63 and a twelve month high of $44.14.

Hess Midstream Partners (NYSE:HESM) last released its quarterly earnings results on Monday, November 3rd. The company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.73 by $0.02. The firm had revenue of $420.90 million during the quarter, compared to the consensus estimate 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 for the quarter was up 11.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.63 EPS. As a group, equities analysts anticipate that Hess Midstream Partners will post 2.5 EPS for the current year.

Hess Midstream Partners Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Thursday, November 6th were paid a dividend of $0.7548 per share. This represents a $3.02 dividend on an annualized basis and a dividend yield of 8.7%. This is a positive change from Hess Midstream Partners’s previous quarterly dividend of $0.74. The ex-dividend date was Thursday, November 6th. Hess Midstream Partners’s dividend payout ratio (DPR) is presently 107.09%.

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.