Hess Midstream (HESM) Scheduled to Post Quarterly Earnings on Thursday

Hess Midstream (NYSE:HESM) is scheduled to announce its earnings results before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $0.59 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Hess Midstream (NYSE:HESM) last released its quarterly earnings results on Wednesday, January 31st. The company reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.05). The business had revenue of $356.50 million for the quarter, compared to the consensus estimate of $358.86 million. Hess Midstream had a net margin of 8.79% and a return on equity of 28.21%. The company’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.49 EPS. On average, analysts expect Hess Midstream to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Hess Midstream Trading Up 0.8 %

HESM opened at $35.62 on Tuesday. The business has a 50 day simple moving average of $35.02 and a two-hundred day simple moving average of $32.69. The firm has a market capitalization of $8.06 billion, a price-to-earnings ratio of 17.04 and a beta of 1.50. The company has a debt-to-equity ratio of 8.81, a current ratio of 0.65 and a quick ratio of 0.65. Hess Midstream has a one year low of $26.86 and a one year high of $36.84.

Hess Midstream Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 14th. Shareholders of record on Thursday, February 8th were given a dividend of $0.6343 per share. This is a positive change from Hess Midstream’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend was Wednesday, February 7th. This represents a $2.54 dividend on an annualized basis and a yield of 7.12%. Hess Midstream’s dividend payout ratio is presently 121.53%.

Insider Transactions at Hess Midstream

In related news, Director Infrastructure Investor Global sold 11,500,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $32.83, for a total transaction of $377,545,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Analysts Set New Price Targets

Several brokerages have recently issued reports on HESM. JPMorgan Chase & Co. increased their target price on Hess Midstream from $37.00 to $38.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 16th. UBS Group increased their target price on Hess Midstream from $35.00 to $38.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.67.

Hess Midstream 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.