Hess Midstream Partners (HESM) to Release Earnings on Monday

Hess Midstream Partners (NYSE:HESM) is scheduled to release its earnings data after the market closes on Monday, February 5th. Analysts expect Hess Midstream Partners to post earnings of $0.28 per share for the quarter.

Hess Midstream Partners (NYSE:HESM) last announced its quarterly earnings data on Thursday, October 26th. The company reported $0.27 EPS for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.03. The business had revenue of $146.70 million during the quarter, compared to the consensus estimate of $116.27 million. Hess Midstream Partners had a return on equity of 11.60% and a net margin of 52.15%. On average, analysts expect Hess Midstream Partners to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of Hess Midstream Partners (NYSE:HESM) opened at $21.98 on Monday. Hess Midstream Partners has a 52 week low of $18.32 and a 52 week high of $26.78.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 13th. Investors of record on Friday, February 2nd will be paid a dividend of $0.322 per share. This represents a $1.29 annualized dividend and a yield of 5.86%. The ex-dividend date is Thursday, February 1st.

Several equities research analysts recently weighed in on HESM shares. Zacks Investment Research upgraded Hess Midstream Partners from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Tuesday, January 16th. Scotiabank set a $31.00 target price on Hess Midstream Partners and gave the stock a “buy” rating in a research note on Monday, December 4th. BidaskClub upgraded Hess Midstream Partners from a “sell” rating to a “hold” rating in a research note on Thursday, October 5th. Finally, Wells Fargo & Co upgraded Hess Midstream Partners from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $24.00 to $26.00 in a research note on Thursday, January 11th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $27.71.

WARNING: This article was first reported by American Banking News and is the property of of American Banking News. If you are viewing this article on another domain, it was copied illegally and reposted in violation of U.S. and international trademark & copyright laws. The legal version of this article can be accessed at https://www.americanbankingnews.com/2018/01/29/hess-midstream-partners-hesm-to-release-earnings-on-monday.html.

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).

Receive News & Ratings for Hess Midstream Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hess Midstream Partners and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply