Hess Midstream Partners LP (NASDAQ:HESM) has earned a consensus rating of “Buy” from the seven research firms that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $28.80.
Several equities research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Hess Midstream Partners from a “sell” rating to a “hold” rating in a research note on Tuesday. BidaskClub downgraded shares of Hess Midstream Partners from a “hold” rating to a “sell” rating in a research note on Thursday, October 12th. Morgan Stanley upgraded shares of Hess Midstream Partners from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $25.00 to $26.00 in a research note on Wednesday, August 30th. Citigroup Inc. upgraded shares of Hess Midstream Partners from a “neutral” rating to a “buy” rating and decreased their target price for the stock from $28.00 to $25.00 in a research note on Friday, August 11th. Finally, Scotiabank set a $31.00 target price on shares of Hess Midstream Partners and gave the stock a “buy” rating in a research note on Saturday, July 22nd.
Several institutional investors and hedge funds have recently made changes to their positions in HESM. Acadian Asset Management LLC acquired a new stake in Hess Midstream Partners in the second quarter valued at about $119,000. CNH Partners LLC acquired a new stake in Hess Midstream Partners in the second quarter valued at about $346,000. Sei Investments Co. acquired a new stake in Hess Midstream Partners in the second quarter valued at about $373,000. Lucas Capital Management acquired a new stake in Hess Midstream Partners in the second quarter valued at about $624,000. Finally, Kornitzer Capital Management Inc. KS acquired a new stake in Hess Midstream Partners in the second quarter valued at about $735,000.
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Hess Midstream Partners (HESM) traded down 0.94% during trading on Wednesday, hitting $21.18. The company’s stock had a trading volume of 44,014 shares. The company has a 50-day moving average of $21.80 and a 200 day moving average of $22.31. The firm has a market cap of $1.16 billion and a PE ratio of 8.85. Hess Midstream Partners has a one year low of $18.33 and a one year high of $26.78.
Hess Midstream Partners (NASDAQ:HESM) last announced its earnings results on Thursday, July 27th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.02). Hess Midstream Partners had a return on equity of 3.23% and a net margin of 49.24%. The business had revenue of $138.30 million for the quarter, compared to analyst estimates of $111.37 million. On average, equities analysts forecast that Hess Midstream Partners will post $0.89 earnings per share for the current year.
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).
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