News stories about Hess Midstream Partners (NYSE:HESM) have been trending somewhat positive on Wednesday, according to Accern Sentiment. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources. 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 0.08 on Accern’s scale. Accern also gave media headlines about the company an impact score of 47.2136625070761 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Shares of Hess Midstream Partners (HESM) traded down $0.96 during trading on Wednesday, hitting $19.50. 278,931 shares of the stock were exchanged, compared to its average volume of 116,706. Hess Midstream Partners has a 12 month low of $18.32 and a 12 month high of $26.78. The company has a market cap of $1,060.00 and a P/E ratio of 26.00.
Hess Midstream Partners (NYSE:HESM) last issued its quarterly earnings results on Monday, February 5th. The company reported $0.26 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.02). Hess Midstream Partners had a return on equity of 4.20% and a net margin of 18.29%. The firm had revenue of $150.50 million for the quarter, compared to the consensus estimate of $146.60 million. equities research analysts forecast that Hess Midstream Partners will post 1.19 EPS for the current year.
A number of research firms have issued reports on HESM. Zacks Investment Research raised shares of Hess Midstream Partners from a “sell” rating to a “hold” rating in a report on Friday, March 2nd. Wells Fargo & Co raised shares of Hess Midstream Partners from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $24.00 to $26.00 in a report on Thursday, January 11th. Finally, Scotiabank set a $31.00 price objective on shares of Hess Midstream Partners and gave the company a “buy” rating in a report on Monday, December 4th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $27.71.
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About Hess Midstream Partners
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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