Brokerages predict that Hess Midstream Partners LP (NYSE:HESM) will report $172.85 million in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Hess Midstream Partners’ earnings, with estimates ranging from $168.30 million to $177.40 million. Hess Midstream Partners reported sales of $157.00 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 10.1%. The company is scheduled to issue its next earnings results on Wednesday, April 24th.
On average, analysts expect that Hess Midstream Partners will report full-year sales of $756.10 million for the current fiscal year, with estimates ranging from $736.30 million to $775.90 million. For the next fiscal year, analysts forecast that the company will post sales of $873.15 million, with estimates ranging from $827.90 million to $918.40 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Hess Midstream Partners.
Hess Midstream Partners (NYSE:HESM) last released its quarterly earnings data on Wednesday, January 30th. The company reported $0.31 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.01). The company had revenue of $171.20 million during the quarter, compared to analysts’ expectations of $171.85 million. Hess Midstream Partners had a return on equity of 2.65% and a net margin of 10.54%.
Several equities analysts have issued reports on HESM shares. Zacks Investment Research upgraded shares of Hess Midstream Partners from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research note on Saturday, November 3rd. Morgan Stanley cut their price objective on shares of Hess Midstream Partners from $25.00 to $24.00 and set an “overweight” rating for the company in a research report on Friday, November 30th. Finally, Credit Suisse Group set a $27.00 target price on shares of Hess Midstream Partners and gave the company a “buy” rating in a research report on Friday, December 14th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company. Hess Midstream Partners presently has a consensus rating of “Buy” and an average target price of $25.25.
In other news, COO John A. Gatling acquired 12,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 26th. The stock was acquired at an average price of $16.90 per share, with a total value of $202,800.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Institutional investors have recently made changes to their positions in the business. Bank of Montreal Can acquired a new stake in shares of Hess Midstream Partners during the fourth quarter valued at about $36,000. Tortoise Index Solutions LLC lifted its position in shares of Hess Midstream Partners by 113.9% during the 4th quarter. Tortoise Index Solutions LLC now owns 5,417 shares of the company’s stock worth $92,000 after purchasing an additional 2,885 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of Hess Midstream Partners in the fourth quarter valued at approximately $183,000. BlackRock Inc. increased its holdings 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 worth $367,000 after acquiring an additional 18,614 shares during the period. Finally, First Trust Advisors LP acquired a new stake in Hess Midstream Partners during the fourth quarter worth $413,000. 51.07% of the stock is currently owned by hedge funds and other institutional investors.
NYSE:HESM opened at $21.47 on Thursday. The company has a market capitalization of $577.06 million, a PE ratio of 16.91, a PEG ratio of 1.35 and a beta of 1.62. Hess Midstream Partners has a 1 year low of $16.17 and a 1 year high of $24.51.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 13th. Shareholders of record on Monday, February 4th were paid a $0.3701 dividend. The ex-dividend date of this dividend was Friday, February 1st. This is a boost from Hess Midstream Partners’s previous quarterly dividend of $0.36. This represents a $1.48 dividend on an annualized basis and a yield of 6.90%. Hess Midstream Partners’s dividend payout ratio (DPR) is currently 116.54%.
Hess Midstream Partners Company Profile
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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