Analysts Set Hess Midstream Partners LP (HESM) PT at $27.33

Hess Midstream Partners LP (NYSE:HESM) has been assigned an average recommendation of “Hold” from the six ratings firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $27.33.

HESM has been the topic of a number of analyst reports. Morgan Stanley upped their price target on Hess Midstream Partners from $24.00 to $25.00 and gave the company an “overweight” rating in a research report on Friday, August 17th. Zacks Investment Research lowered Hess Midstream Partners from a “buy” rating to a “hold” rating in a research report on Wednesday, August 29th. Finally, TheStreet upgraded Hess Midstream Partners from a “d+” rating to a “c” rating in a research report on Tuesday, September 11th.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HESM. Tower Research Capital LLC TRC bought a new stake in shares of Hess Midstream Partners in the 2nd quarter valued at about $244,000. Avalon Advisors LLC bought a new stake in shares of Hess Midstream Partners in the 1st quarter valued at about $268,000. BlackRock Inc. grew its position in shares of Hess Midstream Partners by 116,337.5% in the 2nd quarter. BlackRock Inc. now owns 18,630 shares of the company’s stock valued at $367,000 after buying an additional 18,614 shares during the last quarter. Penbrook Management LLC bought a new stake in shares of Hess Midstream Partners in the 2nd quarter valued at about $404,000. Finally, ELCO Management Co. LLC bought a new stake in shares of Hess Midstream Partners in the 2nd quarter valued at about $422,000. Hedge funds and other institutional investors own 51.29% of the company’s stock.

HESM traded down $0.04 on Thursday, reaching $22.34. The stock had a trading volume of 15,429 shares, compared to its average volume of 50,675. Hess Midstream Partners has a fifty-two week low of $18.32 and a fifty-two week high of $24.51. The stock has a market cap of $614.73 million, a PE ratio of 19.58, a PEG ratio of 1.37 and a beta of 1.99.

Hess Midstream Partners (NYSE:HESM) last issued its earnings results on Wednesday, July 25th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.02. Hess Midstream Partners had a return on equity of 2.48% and a net margin of 10.34%. The business had revenue of $164.70 million during the quarter, compared to analysts’ expectations of $159.10 million. equities analysts forecast 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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