Equities research analysts expect Hess Midstream Partners LP (NYSE:HESM) to post $0.32 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Hess Midstream Partners’ earnings, with the lowest EPS estimate coming in at $0.31 and the highest estimate coming in at $0.32. Hess Midstream Partners reported earnings per share of $0.27 during the same quarter last year, which would suggest a positive year over year growth rate of 18.5%. The business is scheduled to announce its next earnings report on Thursday, October 25th.
According to Zacks, analysts expect that Hess Midstream Partners will report full year earnings of $1.27 per share for the current year, with EPS estimates ranging from $1.24 to $1.28. For the next year, analysts anticipate that the company will report earnings of $1.47 per share, with EPS estimates ranging from $1.38 to $1.55. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side analysts that follow Hess Midstream Partners.
Hess Midstream Partners (NYSE:HESM) last announced its quarterly earnings results on Wednesday, July 25th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.02. The company had revenue of $164.70 million during the quarter, compared to analyst estimates of $159.10 million. Hess Midstream Partners had a return on equity of 2.48% and a net margin of 10.34%.
HESM has been the topic of a number of recent analyst reports. Zacks Investment Research raised Hess Midstream Partners from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research report on Tuesday, July 31st. Morgan Stanley boosted their target price on Hess Midstream Partners from $24.00 to $25.00 and gave the company an “overweight” rating in a research note on Friday, August 17th. Finally, TheStreet upgraded Hess Midstream Partners from a “d+” rating to a “c” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $26.75.
Shares of Hess Midstream Partners stock opened at $22.38 on Friday. The firm has a market capitalization of $603.26 million, a PE ratio of 19.22, a PEG ratio of 1.34 and a beta of 1.99. Hess Midstream Partners has a fifty-two week low of $18.32 and a fifty-two week high of $24.51.
Hedge funds have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC bought a new position in Hess Midstream Partners in the 2nd quarter valued at $244,000. Avalon Advisors LLC bought a new position in Hess Midstream Partners during the first quarter worth about $268,000. BlackRock Inc. raised its stake in shares of Hess Midstream Partners by 116,337.5% in the 2nd quarter. BlackRock Inc. now owns 18,630 shares of the company’s stock valued at $367,000 after purchasing an additional 18,614 shares during the period. Penbrook Management LLC acquired a new stake in shares of Hess Midstream Partners in the 2nd quarter valued at about $404,000. Finally, ELCO Management Co. LLC acquired a new stake in shares of Hess Midstream Partners in the 2nd quarter valued at about $422,000. 51.29% of the stock is owned by hedge funds and other institutional investors.
About Hess Midstream Partners
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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