Equities research analysts at Credit Suisse Group assumed coverage on shares of Hess Midstream Partners (NYSE:HESM) in a research report issued on Thursday, Marketbeat reports. The firm set an “outperform” rating and a $29.00 price target on the stock. Credit Suisse Group’s price objective points to a potential upside of 28.04% from the stock’s previous close.
Other analysts have also issued reports about the company. Zacks Investment Research lowered Hess Midstream Partners from a “buy” rating to a “hold” rating in a research report on Wednesday, August 29th. TheStreet raised Hess Midstream Partners from a “d+” rating to a “c” rating in a research report on Tuesday, September 11th. Finally, Morgan Stanley lifted their target price 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. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. Hess Midstream Partners presently has an average rating of “Buy” and a consensus price target of $27.20.
Shares of NYSE HESM traded up $0.45 during midday trading on Thursday, reaching $22.65. 156,425 shares of the company’s stock were exchanged, compared to its average volume of 90,942. Hess Midstream Partners has a 52-week low of $18.32 and a 52-week high of $24.51. The firm has a market cap of $622.65 million, a price-to-earnings ratio of 19.83, a PEG ratio of 1.38 and a beta of 1.96.
Hess Midstream Partners (NYSE:HESM) last announced its 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. Hess Midstream Partners had a return on equity of 2.48% and a net margin of 10.34%. The business had revenue of $164.70 million for the quarter, compared to analyst estimates of $159.10 million. On average, research analysts expect that Hess Midstream Partners will post 1.27 EPS for the current fiscal year.
A number of institutional investors have recently made changes to their positions in HESM. Wells Fargo & Company MN increased its holdings in Hess Midstream Partners by 254.7% in the first quarter. Wells Fargo & Company MN now owns 273,972 shares of the company’s stock valued at $5,217,000 after buying an additional 196,721 shares during the last quarter. GSA Capital Partners LLP increased its holdings in Hess Midstream Partners by 83.9% in the first quarter. GSA Capital Partners LLP now owns 25,943 shares of the company’s stock valued at $494,000 after buying an additional 11,836 shares during the last quarter. Barclays PLC bought a new stake in Hess Midstream Partners in the first quarter valued at about $1,999,000. Brookfield Asset Management Inc. increased its holdings in Hess Midstream Partners by 206.5% in the first quarter. Brookfield Asset Management Inc. now owns 104,503 shares of the company’s stock valued at $1,989,000 after buying an additional 70,403 shares during the last quarter. Finally, Avalon Advisors LLC bought a new stake in Hess Midstream Partners in the first quarter valued at about $268,000. 51.29% of the stock is owned by hedge funds and other institutional investors.
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 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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