Hess Midstream Partners LP (HESM) to Issue Dividend of $0.36 on November 13th

Hess Midstream Partners LP (NYSE:HESM) declared a dividend on Thursday, October 25th, Fidelity reports. Stockholders of record on Monday, November 5th will be given a dividend of 0.3575 per share on Tuesday, November 13th. The ex-dividend date is Friday, November 2nd.

Hess Midstream Partners stock opened at $22.23 on Friday. Hess Midstream Partners has a 12 month low of $18.32 and a 12 month high of $24.51. The company has a market capitalization of $606.81 million, a PE ratio of 19.33, a PEG ratio of 1.35 and a beta of 1.97.

Hess Midstream Partners (NYSE:HESM) last issued 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 business had revenue of $164.70 million for the quarter, compared to the consensus estimate of $159.10 million. Hess Midstream Partners had a return on equity of 2.48% and a net margin of 10.34%. Sell-side analysts expect that Hess Midstream Partners will post 1.27 EPS for the current fiscal year.



A number of equities research analysts recently issued reports on HESM shares. Morgan Stanley increased their price target on Hess Midstream Partners from $24.00 to $25.00 and gave the stock an “overweight” rating in a research report on Friday, August 17th. Zacks Investment Research downgraded Hess Midstream Partners from a “buy” rating to a “hold” rating in a research report on Wednesday, August 29th. Citigroup increased their price target on Hess Midstream Partners from $25.00 to $26.00 and gave the stock a “buy” rating in a research report on Tuesday, October 16th. Credit Suisse Group started coverage on Hess Midstream Partners in a research report on Thursday, October 11th. They set an “outperform” rating and a $29.00 price target on the stock. Finally, TheStreet raised Hess Midstream Partners from a “d+” rating to a “c” rating in a research report on Tuesday, September 11th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company’s stock. Hess Midstream Partners has an average rating of “Buy” and a consensus price target of $27.00.

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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Dividend History for Hess Midstream Partners (NYSE:HESM)

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