Shares of Hess Midstream Partners LP (NYSE:HESM) have received an average recommendation of “Buy” from the seven ratings firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $27.83.
A number of research analysts have recently commented on the stock. BidaskClub raised shares of Hess Midstream Partners from a “sell” rating to a “hold” rating in a research note on Thursday, October 5th. Zacks Investment Research downgraded shares of Hess Midstream Partners from a “hold” rating to a “sell” rating in a research note on Wednesday, September 27th. Scotiabank set a $31.00 price objective on shares of Hess Midstream Partners and gave the company a “buy” rating in a research note on Monday, December 4th. Finally, Morgan Stanley raised shares of Hess Midstream Partners from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $25.00 to $26.00 in a research note on Wednesday, August 30th.
Hess Midstream Partners (HESM) traded down $0.25 during midday trading on Thursday, hitting $20.75. 365,074 shares of the stock were exchanged, compared to its average volume of 117,759. Hess Midstream Partners has a one year low of $18.32 and a one year high of $26.78.
Hess Midstream Partners (NYSE:HESM) last posted its quarterly earnings data on Thursday, October 26th. The company reported $0.27 EPS for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.03. Hess Midstream Partners had a net margin of 28.19% and a return on equity of 6.64%. The company had revenue of $146.70 million during the quarter, compared to the consensus estimate of $116.27 million. sell-side analysts forecast that Hess Midstream Partners will post 1.01 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, November 13th. Investors of record on Friday, November 3rd were given a dividend of $0.3107 per share. This represents a $1.24 dividend on an annualized basis and a yield of 5.99%. The ex-dividend date of this dividend was Thursday, November 2nd.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. GSA Capital Partners LLP acquired a new stake in Hess Midstream Partners during the 3rd quarter worth approximately $292,000. Cohen & Steers Inc. increased its position in Hess Midstream Partners by 29.0% during the 3rd quarter. Cohen & Steers Inc. now owns 1,727,200 shares of the company’s stock worth $37,947,000 after purchasing an additional 388,552 shares in the last quarter. AMP Capital Investors Ltd boosted its holdings in Hess Midstream Partners by 33.8% in the 3rd quarter. AMP Capital Investors Ltd now owns 27,465 shares of the company’s stock worth $603,000 after acquiring an additional 6,932 shares during the period. HITE Hedge Asset Management LLC purchased a new position in Hess Midstream Partners in the 3rd quarter worth approximately $2,211,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Hess Midstream Partners by 2.7% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 291,164 shares of the company’s stock worth $6,397,000 after acquiring an additional 7,548 shares during the period. 57.16% of the stock is owned by hedge funds and other institutional investors.
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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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