Hess Midstream Partners (NYSE:HESM) Stock Rating Upgraded by TheStreet

Hess Midstream Partners (NYSE:HESM) was upgraded by analysts at TheStreet from a “c” rating to a “b-” rating in a research note issued to investors on Thursday, TheStreetRatingsTable reports.

A number of other analysts have also recently weighed in on HESM. Scotiabank initiated coverage on shares of Hess Midstream Partners in a research note on Tuesday, September 3rd. They set a “sector outperform” rating and a $24.00 target price on the stock. Scotia Howard Weill initiated coverage on shares of Hess Midstream Partners in a research note on Tuesday, September 3rd. They set an “outperform” rating and a $24.00 target price on the stock. Finally, Zacks Investment Research raised shares of Hess Midstream Partners from a “sell” rating to a “hold” rating in a research note on Friday, August 2nd. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $25.00.

Shares of NYSE HESM traded up $1.10 during midday trading on Thursday, reaching $20.64. 320,867 shares of the company were exchanged, compared to its average volume of 108,982. The stock’s 50-day moving average price is $19.17 and its 200-day moving average price is $20.14. The stock has a market cap of $526.94 million, a P/E ratio of 16.25 and a beta of 1.46. Hess Midstream Partners has a one year low of $16.17 and a one year high of $23.59.

Hess Midstream Partners (NYSE:HESM) last posted its earnings results on Wednesday, July 31st. The company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.03). The company had revenue of $172.80 million for the quarter, compared to the consensus estimate of $178.55 million. Hess Midstream Partners had a return on equity of 2.54% and a net margin of 10.16%. Analysts forecast that Hess Midstream Partners will post 1.38 EPS for the current fiscal year.

Several large investors have recently modified their holdings of HESM. Marshall Wace LLP acquired a new position in shares of Hess Midstream Partners during the first quarter worth $128,000. BNP Paribas Arbitrage SA lifted its holdings in shares of Hess Midstream Partners by 124.2% during the second quarter. BNP Paribas Arbitrage SA now owns 8,342 shares of the company’s stock worth $163,000 after purchasing an additional 4,621 shares during the period. Bank of Montreal Can lifted its holdings in shares of Hess Midstream Partners by 1,854.7% during the second quarter. Bank of Montreal Can now owns 21,345 shares of the company’s stock worth $416,000 after purchasing an additional 20,253 shares during the period. Williams Jones & Associates LLC lifted its holdings in shares of Hess Midstream Partners by 41.1% during the first quarter. Williams Jones & Associates LLC now owns 19,900 shares of the company’s stock worth $422,000 after purchasing an additional 5,800 shares during the period. Finally, First Trust Advisors LP lifted its holdings in shares of Hess Midstream Partners by 64.7% during the second quarter. First Trust Advisors LP now owns 23,817 shares of the company’s stock worth $464,000 after purchasing an additional 9,356 shares during the period. Institutional investors own 46.32% of the company’s stock.

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 is involved in the natural gas and crude oil gathering and compression activities located primarily in McKenzie, Williams and Mountrail Counties, and North Dakota.

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Analyst Recommendations for Hess Midstream Partners (NYSE:HESM)

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