Hess Midstream Partners LP (NYSE:HESM) Receives Average Rating of “Reduce” from Analysts

Hess Midstream Partners LP (NYSE:HESM) has been assigned a consensus rating of “Reduce” from the nine brokerages that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation and seven have issued a hold recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $40.5714.

HESM has been the topic of a number of recent analyst reports. Raymond James Financial cut Hess Midstream Partners from an “outperform” rating to a “market perform” rating in a report on Monday, January 5th. Weiss Ratings restated a “hold (c)” rating on shares of Hess Midstream Partners in a research report on Monday, December 29th. Zacks Research downgraded Hess Midstream Partners from a “hold” rating to a “strong sell” rating in a research note on Friday, January 30th. Finally, Wall Street Zen cut Hess Midstream Partners from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th.

Institutional Trading of Hess Midstream Partners

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Fractal Investments LLC boosted its holdings in shares of Hess Midstream Partners by 306.9% in the third quarter. Fractal Investments LLC now owns 1,185,220 shares of the company’s stock valued at $40,949,000 after acquiring an additional 893,973 shares in the last quarter. SG Americas Securities LLC raised its holdings in Hess Midstream Partners by 65.1% during the third quarter. SG Americas Securities LLC now owns 108,237 shares of the company’s stock worth $3,740,000 after purchasing an additional 42,682 shares in the last quarter. Dynamic Technology Lab Private Ltd lifted its position in Hess Midstream Partners by 116.2% in the second quarter. Dynamic Technology Lab Private Ltd now owns 15,044 shares of the company’s stock worth $579,000 after purchasing an additional 8,086 shares during the period. BI Asset Management Fondsmaeglerselskab A S boosted its stake in Hess Midstream Partners by 224.9% during the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 399,951 shares of the company’s stock valued at $13,818,000 after purchasing an additional 276,868 shares in the last quarter. Finally, Jump Financial LLC boosted its stake in Hess Midstream Partners by 33.5% during the 2nd quarter. Jump Financial LLC now owns 207,593 shares of the company’s stock valued at $7,994,000 after purchasing an additional 52,041 shares in the last quarter. 98.97% of the stock is currently owned by institutional investors.

Hess Midstream Partners Stock Performance

Shares of HESM opened at $36.80 on Wednesday. The firm has a fifty day moving average of $34.90 and a 200-day moving average of $35.82. The company has a market cap of $7.64 billion, a price-to-earnings ratio of 12.87 and a beta of 0.62. The company has a debt-to-equity ratio of 8.83, a quick ratio of 0.75 and a current ratio of 0.75. Hess Midstream Partners has a 1 year low of $31.63 and a 1 year high of $44.14.

Hess Midstream Partners (NYSE:HESM) last issued its quarterly earnings data on Monday, February 2nd. The company reported $0.72 earnings per share for the quarter, meeting the consensus estimate of $0.72. The firm had revenue of $374.50 million for the quarter, compared to the consensus estimate of $419.16 million. Hess Midstream Partners had a net margin of 21.77% and a return on equity of 73.17%. Hess Midstream Partners’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period last year, the firm posted $0.68 EPS. As a group, equities analysts anticipate that Hess Midstream Partners will post 2.5 earnings per share for the current year.

Hess Midstream Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Thursday, February 5th were issued a $0.7641 dividend. The ex-dividend date of this dividend was Thursday, February 5th. This is an increase from Hess Midstream Partners’s previous quarterly dividend of $0.75. This represents a $3.06 annualized dividend and a yield of 8.3%. Hess Midstream Partners’s dividend payout ratio is currently 106.99%.

Hess Midstream Partners Company Profile

Hess Midstream Partners LP, formerly traded on the New York Stock Exchange under the ticker HESM, is a midstream energy partnership that owns, operates and develops crude oil, natural gas and produced water infrastructure in the Williston Basin. The company’s assets include crude oil gathering and transportation systems, saltwater disposal wells, natural gas processing and fractionation plants, and associated pipeline and storage facilities. Its integrated network is designed to support upstream production by providing gathering, processing, storage and marketing services for hydrocarbons and produced water.

Headquartered in Houston, Texas, Hess Midstream Partners primarily serves producers operating in North Dakota and Montana’s Bakken Shale region.