Analysts Anticipate Hess Midstream Partners LP (HESM) Will Post Earnings of $0.34 Per Share

Equities research analysts predict that Hess Midstream Partners LP (NYSE:HESM) will announce $0.34 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Hess Midstream Partners’ earnings. The lowest EPS estimate is $0.33 and the highest is $0.35. Hess Midstream Partners reported earnings per share of $0.32 during the same quarter last year, which indicates a positive year over year growth rate of 6.3%. The firm is scheduled to report its next quarterly earnings results on Wednesday, July 24th.

On average, analysts expect that Hess Midstream Partners will report full-year earnings of $1.41 per share for the current financial year, with EPS estimates ranging from $1.39 to $1.44. For the next financial year, analysts forecast that the business will post earnings of $1.66 per share, with EPS estimates ranging from $1.59 to $1.73. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that that provide coverage for Hess Midstream Partners.

Hess Midstream Partners (NYSE:HESM) last posted its earnings results on Thursday, April 25th. The company reported $0.32 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.01). Hess Midstream Partners had a return on equity of 2.62% and a net margin of 10.43%. The business had revenue of $174.20 million during the quarter, compared to analyst estimates of $172.85 million.

HESM has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Hess Midstream Partners from a “sell” rating to a “hold” rating in a report on Friday, January 25th. JPMorgan Chase & Co. lowered shares of Hess Midstream Partners from an “overweight” rating to a “neutral” rating and set a $27.00 price objective for the company. in a research note on Tuesday, March 12th. Wells Fargo & Co reiterated a “market perform” rating and issued a $24.00 price objective (down previously from $27.00) on shares of Hess Midstream Partners in a research note on Tuesday, March 19th. Finally, Mitsubishi UFJ Financial Group reiterated an “overweight” rating on shares of Hess Midstream Partners in a research note on Thursday, April 25th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. Hess Midstream Partners has an average rating of “Hold” and a consensus price target of $25.33.

In other Hess Midstream Partners news, CFO Jonathan C. Stein sold 1,381 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $22.63, for a total value of $31,252.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders sold 2,714 shares of company stock valued at $60,318.

A number of large investors have recently bought and sold shares of HESM. Virtu Financial LLC bought a new position in shares of Hess Midstream Partners during the 4th quarter valued at approximately $183,000. Bank of Montreal Can bought a new position in shares of Hess Midstream Partners during the 4th quarter valued at approximately $36,000. Duff & Phelps Investment Management Co. grew its position in shares of Hess Midstream Partners by 0.5% during the 4th quarter. Duff & Phelps Investment Management Co. now owns 223,061 shares of the company’s stock valued at $3,788,000 after acquiring an additional 1,200 shares during the period. First Trust Advisors LP bought a new position in shares of Hess Midstream Partners during the 4th quarter valued at approximately $413,000. Finally, Acadian Asset Management LLC grew its position in shares of Hess Midstream Partners by 6.7% during the 4th quarter. Acadian Asset Management LLC now owns 145,306 shares of the company’s stock valued at $2,468,000 after acquiring an additional 9,081 shares during the period. Hedge funds and other institutional investors own 48.78% of the company’s stock.

Shares of HESM traded down $0.12 on Tuesday, reaching $20.38. The company’s stock had a trading volume of 39,370 shares, compared to its average volume of 73,310. Hess Midstream Partners has a twelve month low of $16.17 and a twelve month high of $24.51. The firm has a market capitalization of $557.29 million, a PE ratio of 16.05, a P/E/G ratio of 1.31 and a beta of 1.60.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 14th. Shareholders of record on Friday, May 3rd were paid a $0.3833 dividend. This is a positive change from Hess Midstream Partners’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend was Thursday, May 2nd. This represents a $1.53 annualized dividend and a yield of 7.52%. Hess Midstream Partners’s dividend payout ratio (DPR) is 120.47%.

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 is involved in the natural gas and crude oil gathering and compression activities located primarily in McKenzie, Williams and Mountrail Counties, and North Dakota.

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Earnings History and Estimates for Hess Midstream Partners (NYSE:HESM)

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