Hess Midstream Partners LP (NASDAQ:HESM) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a report released on Monday. The brokerage currently has a $23.00 price objective on the stock. Zacks Investment Research‘s price objective indicates a potential upside of 14.43% from the stock’s current price.

According to Zacks, “Hess Midstream Partners LP is a master limited partnership company. It 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 operating segments consists of gathering; processing and storage and terminaling and export. Hess Midstream Partners LP is based in Houston, United States. “

HESM has been the topic of several other reports. Morgan Stanley upped their target price on Hess Midstream Partners from $25.00 to $26.00 and gave the company an “equal weight” rating in a research report on Friday, July 14th. Scotiabank set a $31.00 target price on Hess Midstream Partners and gave the company a “buy” rating in a research report on Saturday, July 22nd. Citigroup Inc. raised Hess Midstream Partners from a “neutral” rating to a “buy” rating and reduced their target price for the company from $28.00 to $25.00 in a research report on Friday, August 11th. Finally, BidaskClub raised Hess Midstream Partners from a “strong sell” rating to a “sell” rating in a research report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $27.83.

Hess Midstream Partners (NASDAQ:HESM) traded down 1.37% during midday trading on Monday, hitting $20.10. The stock had a trading volume of 194,569 shares. Hess Midstream Partners has a 52-week low of $18.33 and a 52-week high of $26.78. The company’s 50 day moving average price is $21.74 and its 200-day moving average price is $22.03. The stock has a market cap of $1.10 billion and a PE ratio of 8.40.

Hess Midstream Partners (NASDAQ:HESM) last released its quarterly earnings results on Thursday, October 26th. The company reported $0.27 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 analyst estimates of $116.27 million. Hess Midstream Partners had a return on equity of 3.23% and a net margin of 49.24%. Analysts forecast that Hess Midstream Partners will post $0.92 EPS for the current fiscal year.

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Institutional investors have recently bought and sold shares of the business. Acadian Asset Management LLC purchased a new stake in Hess Midstream Partners during the 2nd quarter valued at about $119,000. CNH Partners LLC purchased a new stake in Hess Midstream Partners during the 2nd quarter valued at about $346,000. Sei Investments Co. purchased a new stake in Hess Midstream Partners during the 2nd quarter valued at about $373,000. Lucas Capital Management purchased a new stake in Hess Midstream Partners during the 2nd quarter valued at about $624,000. Finally, Kornitzer Capital Management Inc. KS purchased a new stake in Hess Midstream Partners during the 2nd quarter valued at about $735,000.

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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Analyst Recommendations for Hess Midstream Partners (NASDAQ:HESM)

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