News coverage about Hess Midstream Partners (NYSE:HESM) has been trending somewhat positive recently, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Hess Midstream Partners earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave headlines about the company an impact score of 47.2136625070761 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
A number of research firms have issued reports on HESM. Zacks Investment Research raised shares of Hess Midstream Partners from a “sell” rating to a “hold” rating in a report on Friday, March 2nd. Wells Fargo & Co raised shares of Hess Midstream Partners from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $24.00 to $26.00 in a report on Thursday, January 11th. 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. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $27.71.
Hess Midstream Partners (NYSE:HESM) traded down $0.96 during midday trading on Wednesday, reaching $19.50. 278,931 shares of the company’s stock were exchanged, compared to its average volume of 116,706. The company has a market cap of $1,060.00 and a P/E ratio of 26.00. Hess Midstream Partners has a 52-week low of $18.32 and a 52-week high of $26.78.
Hess Midstream Partners (NYSE:HESM) last issued its quarterly earnings results on Monday, February 5th. The company reported $0.26 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.02). Hess Midstream Partners had a return on equity of 4.20% and a net margin of 18.29%. The firm had revenue of $150.50 million for the quarter, compared to the consensus estimate of $146.60 million. equities research analysts forecast that Hess Midstream Partners will post 1.19 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, February 13th. Stockholders of record on Friday, February 2nd were issued a dividend of $0.322 per share. This represents a $1.29 dividend on an annualized basis and a dividend yield of 6.61%. The ex-dividend date of this dividend was Thursday, February 1st. Hess Midstream Partners’s dividend payout ratio (DPR) is presently 172.00%.
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Hess Midstream Partners Company Profile
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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