Hess Midstream (HESM) to Release Earnings on Thursday

Hess Midstream (NYSE:HESM) is scheduled to release its earnings data before the market opens on Thursday, April 25th. Analysts expect Hess Midstream to post earnings of $0.59 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Hess Midstream (NYSE:HESM) last released its quarterly earnings data on Wednesday, January 31st. The company reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.05). The firm had revenue of $356.50 million for the quarter, compared to the consensus estimate of $358.86 million. Hess Midstream had a net margin of 8.79% and a return on equity of 28.21%. The firm’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.49 earnings per share. On average, analysts expect Hess Midstream to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Hess Midstream Stock Performance

Shares of NYSE HESM opened at $35.32 on Wednesday. The firm’s 50-day moving average price is $35.07 and its 200-day moving average price is $32.74. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 8.81. The company has a market cap of $7.99 billion, a PE ratio of 16.90 and a beta of 1.50. Hess Midstream has a 52-week low of $26.86 and a 52-week high of $36.84.

Hess Midstream Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 14th. Stockholders of record on Thursday, May 2nd will be given a dividend of $0.6516 per share. The ex-dividend date of this dividend is Wednesday, May 1st. This represents a $2.61 annualized dividend and a dividend yield of 7.38%. This is a boost from Hess Midstream’s previous quarterly dividend of $0.63. Hess Midstream’s dividend payout ratio (DPR) is presently 121.53%.

Insider Transactions at Hess Midstream

In other news, Director Infrastructure Investor Global sold 11,500,000 shares of the company’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $32.83, for a total value of $377,545,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Wall Street Analyst Weigh In

HESM has been the topic of several recent analyst reports. UBS Group increased their target price on shares of Hess Midstream from $35.00 to $38.00 and gave the company a “buy” rating in a research note on Friday, March 1st. JPMorgan Chase & Co. upped their price target on shares of Hess Midstream from $37.00 to $38.00 and gave the stock a “neutral” rating in a report on Tuesday, April 16th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $35.67.

Hess Midstream Company Profile

Hess Midstream LP owns, develops, operates, and acquires midstream assets and provide fee-based 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 owns natural gas gathering and compression systems; crude oil gathering systems; and produced water gathering and disposal facilities.