Hess Midstream Partners LP (HESM) Given Consensus Rating of “Buy” by Brokerages

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Shares of Hess Midstream Partners LP (NYSE:HESM) have been assigned a consensus recommendation of “Buy” from the six analysts that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $27.00.

Separately, Zacks Investment Research upgraded Hess Midstream Partners from a “sell” rating to a “hold” rating in a research report on Friday, March 2nd.

Shares of NYSE:HESM traded up $0.36 on Thursday, hitting $21.02. The company had a trading volume of 3,450 shares, compared to its average volume of 72,445. Hess Midstream Partners has a 52-week low of $18.32 and a 52-week high of $24.21. The company has a market capitalization of $561.69 million and a P/E ratio of 19.80.

Hess Midstream Partners (NYSE:HESM) last issued its quarterly earnings data on Wednesday, April 25th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.01. Hess Midstream Partners had a return on equity of 2.24% and a net margin of 9.69%. The business had revenue of $157.00 million for the quarter, compared to the consensus estimate of $163.20 million. sell-side analysts forecast that Hess Midstream Partners will post 1.24 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, May 14th. Investors of record on Friday, May 4th were given a dividend of $0.333 per share. The ex-dividend date of this dividend was Thursday, May 3rd. This is an increase from Hess Midstream Partners’s previous quarterly dividend of $0.32. This represents a $1.33 annualized dividend and a yield of 6.34%.

In other Hess Midstream Partners news, COO John A. Gatling bought 5,100 shares of Hess Midstream Partners stock in a transaction that occurred on Friday, March 16th. The shares were purchased at an average cost of $19.75 per share, for a total transaction of $100,725.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Brookfield Asset Management Inc. lifted its position in Hess Midstream Partners by 206.5% during the first quarter. Brookfield Asset Management Inc. now owns 104,503 shares of the company’s stock worth $1,989,000 after buying an additional 70,403 shares during the period. Barclays PLC acquired a new stake in Hess Midstream Partners during the first quarter worth about $1,999,000. Franklin Square Holdings L.P. increased its stake in Hess Midstream Partners by 16.6% during the first quarter. Franklin Square Holdings L.P. now owns 28,690 shares of the company’s stock worth $546,000 after acquiring an additional 4,080 shares during the last quarter. GoodHaven Capital Management LLC acquired a new stake in Hess Midstream Partners during the first quarter worth about $850,000. Finally, GSA Capital Partners LLP increased its stake in Hess Midstream Partners by 83.9% during the first quarter. GSA Capital Partners LLP now owns 25,943 shares of the company’s stock worth $494,000 after acquiring an additional 11,836 shares during the last quarter. Hedge funds and other institutional investors own 52.93% of the company’s stock.

About Hess Midstream Partners

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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