Hess Midstream Partners (HESM) Receiving Somewhat Favorable Media Coverage, Report Finds

Media stories about Hess Midstream Partners (NYSE:HESM) have been trending somewhat positive on Thursday, according to Accern. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Hess Midstream Partners earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 46.5378913152848 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Here are some of the news stories that may have impacted Accern Sentiment’s rankings:

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NYSE:HESM traded up $0.47 during trading hours on Thursday, hitting $19.04. The company’s stock had a trading volume of 69,198 shares, compared to its average volume of 137,908. Hess Midstream Partners has a 12 month low of $18.32 and a 12 month high of $26.78.

Hess Midstream Partners (NYSE:HESM) last posted its quarterly earnings data 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 net margin of 18.29% and a return on equity of 4.16%. The firm had revenue of $150.50 million for the quarter, compared to the consensus estimate of $146.60 million. analysts anticipate that Hess Midstream Partners will post 1.2 EPS for the current year.

Several equities analysts have weighed in on the stock. 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 raised shares of Hess Midstream Partners from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $24.00 to $26.00 in a report on Thursday, January 11th. Finally, Scotiabank set a $31.00 target price on shares of Hess Midstream Partners and gave the stock a “buy” rating in a report on Monday, December 4th. One analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $27.71.

In related news, COO John A. Gatling bought 5,100 shares of the stock in a transaction dated Friday, March 16th. The stock was purchased at an average cost of $19.75 per share, with a total value of $100,725.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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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).

Insider Buying and Selling by Quarter for Hess Midstream Partners (NYSE:HESM)

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