Hess Midstream Partners LP (NYSE:HESM) has earned a consensus rating of “Buy” from the seven research firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $28.80.
HESM has been the subject of several research reports. BidaskClub downgraded shares of Hess Midstream Partners from a “sell” rating to a “strong sell” rating in a report on Saturday, October 21st. Zacks Investment Research raised shares of Hess Midstream Partners from a “hold” rating to a “strong-buy” rating and set a $23.00 price objective for the company in a report on Monday, October 30th. Finally, Scotiabank set a $31.00 price objective on shares of Hess Midstream Partners and gave the company a “buy” rating in a report on Monday, December 4th.
Shares of Hess Midstream Partners (NYSE HESM) traded down $0.09 during trading on Monday, reaching $21.21. 122,865 shares of the company traded hands, compared to its average volume of 96,588. Hess Midstream Partners has a one year low of $18.32 and a one year high of $26.78.
Hess Midstream Partners (NYSE:HESM) last issued its earnings results on Thursday, October 26th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.03. The company had revenue of $146.70 million during the quarter, compared to the consensus estimate of $116.27 million. Hess Midstream Partners had a net margin of 28.19% and a return on equity of 6.64%. analysts expect that Hess Midstream Partners will post 1.01 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Harvest Fund Advisors LLC boosted its holdings in shares of Hess Midstream Partners by 2.4% during the 3rd quarter. Harvest Fund Advisors LLC now owns 2,850,448 shares of the company’s stock valued at $62,624,000 after purchasing an additional 67,210 shares during the last quarter. FMR LLC purchased a new stake in shares of Hess Midstream Partners during the 2nd quarter valued at about $54,210,000. Cohen & Steers Inc. raised its position in shares of Hess Midstream Partners by 29.0% during the 3rd quarter. Cohen & Steers Inc. now owns 1,727,200 shares of the company’s stock valued at $37,947,000 after buying an additional 388,552 shares in the last quarter. NBW Capital LLC purchased a new stake in shares of Hess Midstream Partners during the 2nd quarter valued at about $6,950,000. Finally, Goldman Sachs Group Inc. purchased a new stake in shares of Hess Midstream Partners during the 2nd quarter valued at about $6,156,000. 57.16% of the stock is 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).
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