Hess Midstream Partners LP (NYSE:HESM) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Hess Midstream Partners LP (NYSE:HESM) have been assigned an average rating of “Hold” from the nine analysts that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $40.5714.

Several analysts recently commented on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Hess Midstream Partners in a research note on Monday. JPMorgan Chase & Co. lifted their target price on Hess Midstream Partners from $44.00 to $46.00 and gave the stock a “neutral” rating in a report on Friday, August 22nd. UBS Group reaffirmed a “neutral” rating and set a $43.00 target price (down from $45.00) on shares of Hess Midstream Partners in a research report on Wednesday, September 10th. Wells Fargo & Company lowered Hess Midstream Partners from an “equal weight” rating to a “reduce” rating in a research report on Friday, September 19th. Finally, The Goldman Sachs Group assumed coverage on Hess Midstream Partners in a research note on Tuesday, September 30th. They issued a “neutral” rating and a $36.00 price target on the stock.

Hess Midstream Partners Price Performance

NYSE:HESM opened at $34.22 on Friday. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 8.83. The business’s 50-day moving average price is $33.42 and its 200 day moving average price is $37.32. Hess Midstream Partners has a 52-week low of $31.63 and a 52-week high of $44.14. The firm has a market cap of $7.11 billion, a P/E ratio of 12.13 and a beta of 0.62.

Hess Midstream Partners (NYSE:HESM) last issued its quarterly earnings results on Monday, November 3rd. The company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.02. Hess Midstream Partners had a net margin of 20.46% and a return on equity of 69.03%. The company had revenue of $420.90 million during the quarter, compared to the consensus estimate of $424.36 million. During the same period in the prior year, the company earned $0.63 EPS. Hess Midstream Partners’s revenue was up 11.2% on a year-over-year basis. As a group, sell-side analysts predict that Hess Midstream Partners will post 2.5 earnings per share for the current fiscal year.

Hess Midstream Partners Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Thursday, November 6th were issued a dividend of $0.7548 per share. This is an increase from Hess Midstream Partners’s previous quarterly dividend of $0.74. This represents a $3.02 dividend on an annualized basis and a dividend yield of 8.8%. The ex-dividend date was Thursday, November 6th. Hess Midstream Partners’s dividend payout ratio (DPR) is presently 107.09%.

Hedge Funds Weigh In On Hess Midstream Partners

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Hess Midstream Partners during the second quarter valued at $25,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Hess Midstream Partners during the 1st quarter worth about $31,000. Strategic Advocates LLC bought a new position in Hess Midstream Partners during the 3rd quarter valued at about $28,000. Marquette Asset Management LLC acquired a new position in Hess Midstream Partners in the third quarter valued at about $30,000. Finally, Ameritas Advisory Services LLC bought a new stake in Hess Midstream Partners during the second quarter worth about $50,000. Institutional investors and hedge funds own 98.97% of the company’s stock.

Hess Midstream Partners Company Profile

Hess Midstream LP owns, develops, operates, and acquires midstream assets and provide fee-based 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 owns natural gas gathering and compression systems; crude oil gathering systems; and produced water gathering and disposal facilities.