Hess Midstream Partners LP (NYSE:HESM) Stock Has Consensus Price Target of $34.00 According to Analysts

Shares of Hess Midstream Partners LP (NYSE:HESM) have earned an average rating of “Reduce” from the nine brokerages that are currently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $34.00.

HESM has been the topic of several research analyst reports. Barclays set a $32.00 price objective on shares of Hess Midstream Partners in a research note on Friday, October 23rd. UBS Group dropped their price target on shares of Hess Midstream Partners from $37.00 to $34.00 and set a “neutral” rating for the company in a research note on Tuesday, October 13th. JPMorgan Chase & Co. lowered Hess Midstream Partners from a “neutral” rating to an “underweight” rating and set a $39.00 target price on the stock. in a report on Friday, October 2nd. Raymond James Financial raised Hess Midstream Partners from a “market perform” rating to an “outperform” rating and set a $32.00 target price on the stock in a research report on Friday, October 23rd. Finally, Morgan Stanley decreased their target price on shares of Hess Midstream Partners from $39.00 to $30.00 and set an “underweight” rating for the company in a research note on Tuesday, October 13th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Palo Duro Investment Partners LP lifted its position in shares of Hess Midstream Partners by 3.6% in the second quarter. Palo Duro Investment Partners LP now owns 10,309 shares of the company’s stock valued at $388,000 after acquiring an additional 363 shares in the last quarter. Sanctuary Advisors LLC raised its holdings in Hess Midstream Partners by 0.5% in the 2nd quarter. Sanctuary Advisors LLC now owns 82,818 shares of the company’s stock valued at $3,114,000 after buying an additional 408 shares during the period. Compass Financial Management LLC boosted its stake in Hess Midstream Partners by 149.4% during the third quarter. Compass Financial Management LLC now owns 868 shares of the company’s stock worth $32,000 after buying an additional 520 shares during the period. Westover Capital Advisors LLC lifted its stake in Hess Midstream Partners by 0.7% during the first quarter. Westover Capital Advisors LLC now owns 95,993 shares of the company’s stock worth $3,731,000 after purchasing an additional 638 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its position in shares of Hess Midstream Partners by 8.7% during the first quarter. Sequoia Financial Advisors LLC now owns 8,700 shares of the company’s stock worth $338,000 after purchasing an additional 699 shares in the last quarter. Institutional investors and hedge funds own 98.97% of the company’s stock.

Hess Midstream Partners Stock Up 1.4%

HESM opened at $32.70 on Monday. The company has a market capitalization of $6.74 billion, a P/E ratio of 11.28 and a beta of 0.58. The firm’s fifty day moving average price is $36.52 and its two-hundred day moving average price is $37.94. Hess Midstream Partners has a fifty-two week low of $29.52 and a fifty-two week high of $41.44. The company has a debt-to-equity ratio of 9.39, a current ratio of 0.77 and a quick ratio of 0.77.

Hess Midstream Partners (NYSE:HESM) last posted its quarterly earnings results on Friday, October 30th. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.05. Hess Midstream Partners had a net margin of 23.23% and a return on equity of 92.18%. The firm had revenue of $410.10 million during the quarter, compared to analyst estimates of $404.67 million. During the same quarter in the prior year, the business posted $0.75 earnings per share. The company’s quarterly revenue was down 2.6% compared to the same quarter last year. On average, analysts anticipate that Hess Midstream Partners will post 3.29 EPS for the current year.

Hess Midstream Partners Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Thursday, November 5th will be paid a $0.7985 dividend. This is a boost from Hess Midstream Partners’s previous quarterly dividend of $0.7888. The ex-dividend date is Thursday, November 5th. This represents a $3.19 annualized dividend and a yield of 9.8%. Hess Midstream Partners’s dividend payout ratio is presently 108.97%.

About Hess Midstream Partners

Hess Midstream Partners LP (NYSE:HESM) is a midstream energy company that owns and operates infrastructure supporting oil and gas production, primarily in the Bakken and Three Forks shale plays of North Dakota. The company provides essential services between the wellhead and downstream markets rather than exploring for or producing hydrocarbons itself.

Its operations include gathering, processing, storage and transportation services for crude oil, natural gas and natural gas liquids. Hess Midstream also provides produced-water gathering and disposal services, helping manage water generated during oil and gas production.