Analysts Set Hess Midstream Partners LP (HESM) Price Target at $27.83

Hess Midstream Partners LP (NYSE:HESM) has been given an average recommendation of “Buy” by the seven research firms that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $28.80.

Several analysts have weighed in on the company. BidaskClub raised Hess Midstream Partners from a “sell” rating to a “hold” rating in a report on Thursday, October 5th. Zacks Investment Research lowered Hess Midstream Partners from a “hold” rating to a “sell” rating in a report on Wednesday, September 27th. Finally, Scotiabank set a $31.00 target price on Hess Midstream Partners and gave the company a “buy” rating in a report on Monday, December 4th.

Hess Midstream Partners (NYSE HESM) traded down $0.09 during trading hours on Monday, reaching $21.21. The company’s stock had a trading volume of 122,865 shares, compared to its average volume of 96,588. Hess Midstream Partners has a 1 year low of $18.32 and a 1 year high of $26.78.

Hess Midstream Partners (NYSE:HESM) last released its quarterly earnings data on Thursday, October 26th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.03. The firm had revenue of $146.70 million during the quarter, compared to analysts’ expectations of $116.27 million. Hess Midstream Partners had a return on equity of 6.64% and a net margin of 28.19%. equities analysts expect that Hess Midstream Partners will post 1.01 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of HESM. JPMorgan Chase & Co. boosted its stake in shares of Hess Midstream Partners by 98.7% during the third quarter. JPMorgan Chase & Co. now owns 9,618 shares of the company’s stock valued at $209,000 after acquiring an additional 4,778 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Hess Midstream Partners during the third quarter valued at $292,000. CNH Partners LLC acquired a new stake in shares of Hess Midstream Partners during the second quarter valued at $346,000. Sei Investments Co. acquired a new stake in shares of Hess Midstream Partners during the second quarter valued at $373,000. Finally, AMP Capital Investors Ltd boosted its stake in shares of Hess Midstream Partners by 33.8% during the third quarter. AMP Capital Investors Ltd now owns 27,465 shares of the company’s stock valued at $603,000 after acquiring an additional 6,932 shares during the last quarter. 57.16% of the stock is currently owned by institutional investors and hedge funds.

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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).

Analyst Recommendations for Hess Midstream Partners (NYSE:HESM)

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