Hess Midstream Partners LP Expected to Earn FY2018 Earnings of $1.29 Per Share (HESM)

Hess Midstream Partners LP (NYSE:HESM) – Mitsubishi UFJ Financial Group upped their FY2018 EPS estimates for Hess Midstream Partners in a research report issued on Wednesday, October 31st. Mitsubishi UFJ Financial Group analyst B. Blaschke now anticipates that the company will post earnings of $1.29 per share for the year, up from their prior estimate of $1.28. Mitsubishi UFJ Financial Group also issued estimates for Hess Midstream Partners’ Q1 2019 earnings at $0.38 EPS, Q2 2019 earnings at $0.39 EPS, Q4 2019 earnings at $0.42 EPS and FY2019 earnings at $1.59 EPS.

Hess Midstream Partners (NYSE:HESM) last announced its quarterly earnings data on Wednesday, October 31st. The company reported $0.34 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.02. Hess Midstream Partners had a return on equity of 2.48% and a net margin of 10.34%. The company had revenue of $169.50 million for the quarter, compared to analyst estimates of $169.15 million.

Other equities research analysts have also issued research reports about the company. Zacks Investment Research lowered Hess Midstream Partners from a “buy” rating to a “hold” rating in a report on Wednesday, August 29th. TheStreet raised Hess Midstream Partners from a “d+” rating to a “c” rating in a report on Tuesday, September 11th. Morgan Stanley lifted their price objective on Hess Midstream Partners from $24.00 to $25.00 and gave the company an “overweight” rating in a report on Friday, August 17th. Citigroup lifted their price objective on Hess Midstream Partners from $25.00 to $26.00 and gave the company a “buy” rating in a report on Tuesday, October 16th. Finally, Credit Suisse Group began coverage on Hess Midstream Partners in a report on Thursday, October 11th. They issued an “outperform” rating and a $29.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $27.00.

Shares of HESM opened at $21.07 on Friday. Hess Midstream Partners has a twelve month low of $18.32 and a twelve month high of $24.51. The company has a market capitalization of $589.07 million, a price-to-earnings ratio of 18.76, a price-to-earnings-growth ratio of 1.31 and a beta of 1.97.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 13th. Stockholders of record on Monday, November 5th will be paid a dividend of $0.3575 per share. This is a positive change from Hess Midstream Partners’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Friday, November 2nd. This represents a $1.43 annualized dividend and a dividend yield of 6.79%.

Several large investors have recently made changes to their positions in the company. Wells Fargo & Company MN boosted its stake in shares of Hess Midstream Partners by 3.6% during the 3rd quarter. Wells Fargo & Company MN now owns 240,622 shares of the company’s stock worth $5,489,000 after acquiring an additional 8,283 shares in the last quarter. Acadian Asset Management LLC boosted its stake in shares of Hess Midstream Partners by 53.2% during the 3rd quarter. Acadian Asset Management LLC now owns 136,225 shares of the company’s stock worth $3,106,000 after acquiring an additional 47,322 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Hess Midstream Partners by 66.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 164,559 shares of the company’s stock worth $3,754,000 after acquiring an additional 65,583 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in shares of Hess Midstream Partners by 83.5% during the 2nd quarter. Advisors Asset Management Inc. now owns 29,255 shares of the company’s stock worth $576,000 after acquiring an additional 13,315 shares in the last quarter. Finally, Tower Research Capital LLC TRC purchased a new stake in shares of Hess Midstream Partners during the 2nd quarter worth approximately $244,000. 51.31% of the stock is currently owned by institutional investors and hedge funds.

Hess Midstream Partners Company Profile

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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