Hess Midstream Partners (NYSE:HESM) Upgraded to Overweight at JPMorgan Chase & Co.

Hess Midstream Partners (NYSE:HESM) was upgraded by JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a note issued to investors on Tuesday, The Fly reports.

A number of other analysts have also recently commented on the company. TheStreet upgraded Hess Midstream Partners from a “c” rating to a “b-” rating in a research report on Wednesday, January 8th. Zacks Investment Research upgraded Hess Midstream Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. Finally, Wells Fargo & Co upgraded Hess Midstream Partners from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $23.00 to $25.00 in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $25.00.

Shares of Hess Midstream Partners stock traded up $0.19 on Tuesday, reaching $25.19. The company’s stock had a trading volume of 191,259 shares, compared to its average volume of 226,498. The company has a market capitalization of $1.35 billion, a P/E ratio of 19.83 and a beta of 1.48. Hess Midstream Partners has a 52-week low of $17.61 and a 52-week high of $25.39. The stock has a 50-day moving average price of $21.95 and a 200-day moving average price of $20.42.

Hess Midstream Partners (NYSE:HESM) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.33 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.33. The business had revenue of $195.40 million during the quarter. Hess Midstream Partners had a return on equity of 2.53% and a net margin of 9.91%. Research analysts expect that Hess Midstream Partners will post 1.34 earnings per share for the current year.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Kayne Anderson Capital Advisors LP increased its position in shares of Hess Midstream Partners by 44.4% during the third quarter. Kayne Anderson Capital Advisors LP now owns 1,893,539 shares of the company’s stock worth $36,466,000 after purchasing an additional 582,085 shares in the last quarter. First Trust Advisors LP increased its position in shares of Hess Midstream Partners by 6.6% during the third quarter. First Trust Advisors LP now owns 25,397 shares of the company’s stock worth $489,000 after purchasing an additional 1,580 shares in the last quarter. Wealthstreet Investment Advisors LLC purchased a new stake in shares of Hess Midstream Partners during the third quarter worth approximately $201,000. California Public Employees Retirement System increased its position in shares of Hess Midstream Partners by 10.2% during the third quarter. California Public Employees Retirement System now owns 68,208 shares of the company’s stock worth $1,314,000 after purchasing an additional 6,300 shares in the last quarter. Finally, Jane Street Group LLC increased its position in shares of Hess Midstream Partners by 2.1% during the second quarter. Jane Street Group LLC now owns 49,198 shares of the company’s stock worth $959,000 after purchasing an additional 1,031 shares in the last quarter. Hedge funds and other institutional investors own 22.72% of the company’s stock.

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 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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