Hess Midstream (NYSE:HESM) PT Raised to $37.00 at Wells Fargo & Company

Hess Midstream (NYSE:HESM) had its target price lifted by equities researchers at Wells Fargo & Company from $36.00 to $37.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price suggests a potential upside of 8.57% from the company’s current price.

Other equities research analysts also recently issued research reports about the stock. JPMorgan Chase & Co. boosted their target price on shares of Hess Midstream from $37.00 to $38.00 and gave the company a “neutral” rating in a research note on Tuesday, April 16th. UBS Group boosted their target price on Hess Midstream from $35.00 to $38.00 and gave the stock a “buy” rating in a report on Friday, March 1st. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $36.50.

Hess Midstream Stock Down 2.3 %

NYSE HESM opened at $34.08 on Monday. The stock has a market cap of $7.71 billion, a PE ratio of 15.42 and a beta of 1.50. Hess Midstream has a twelve month low of $26.86 and a twelve month high of $36.84. The firm has a 50-day simple moving average of $35.22 and a 200 day simple moving average of $32.90. The company has a debt-to-equity ratio of 8.81, a quick ratio of 0.65 and a current ratio of 0.65.

Hess Midstream (NYSE:HESM) last posted its earnings results on Wednesday, January 31st. The company reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.05). The business had revenue of $356.50 million during the quarter, compared to the consensus estimate of $358.86 million. Hess Midstream had a net margin of 10.18% and a return on equity of 34.38%. The business’s revenue was up 13.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.49 EPS. On average, research analysts forecast that Hess Midstream will post 2.42 EPS for the current year.

Insider Buying and Selling at Hess Midstream

In other news, Director Infrastructure Investor Global sold 11,500,000 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $32.83, for a total transaction of $377,545,000.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Institutional Investors Weigh In On Hess Midstream

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Peapack Gladstone Financial Corp boosted its holdings in Hess Midstream by 5.7% in the fourth quarter. Peapack Gladstone Financial Corp now owns 8,957 shares of the company’s stock valued at $283,000 after acquiring an additional 484 shares during the last quarter. IFP Advisors Inc lifted its position in Hess Midstream by 23.7% during the 3rd quarter. IFP Advisors Inc now owns 2,935 shares of the company’s stock valued at $85,000 after purchasing an additional 562 shares during the period. Catalyst Capital Advisors LLC boosted its stake in shares of Hess Midstream by 0.3% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 182,058 shares of the company’s stock valued at $5,303,000 after purchasing an additional 631 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of Hess Midstream in the 1st quarter valued at about $30,000. Finally, WBI Investments LLC grew its position in shares of Hess Midstream by 3.3% during the 4th quarter. WBI Investments LLC now owns 29,694 shares of the company’s stock worth $939,000 after buying an additional 938 shares during the period. 92.41% of the stock is owned by institutional investors and hedge funds.

About Hess Midstream

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.