Hess Midstream Partners LP (NYSE:HESM) Stock Has Average Price Target of $36.50 According to Brokerages

Hess Midstream Partners LP (NYSE:HESM) has received a consensus rating of “Reduce” from the seven research firms that are presently covering the company, MarketBeat reports. Three analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $37.00.

Several brokerages recently commented on HESM. Morgan Stanley reaffirmed an “underweight” rating and issued a $39.00 target price on shares of Hess Midstream Partners in a research note on Tuesday, July 21st. JPMorgan Chase & Co. cut shares of Hess Midstream Partners from a “neutral” rating to an “underweight” rating and set a $39.00 price target for the company. in a research report on Friday, October 2nd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Hess Midstream Partners in a report on Monday, September 21st.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of HESM. Grove Bank & Trust purchased a new stake in Hess Midstream Partners in the 2nd quarter worth approximately $38,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Hess Midstream Partners in the 4th quarter worth approximately $44,000. Integrated Wealth Concepts LLC purchased a new position in shares of Hess Midstream Partners during the second quarter valued at approximately $77,000. CENTRAL TRUST Co increased its stake in shares of Hess Midstream Partners by 124.4% during the first quarter. CENTRAL TRUST Co now owns 2,165 shares of the company’s stock valued at $84,000 after buying an additional 1,200 shares during the period. Finally, Fifth Third Bancorp bought a new position in shares of Hess Midstream Partners during the first quarter valued at approximately $133,000. Hedge funds and other institutional investors own 98.97% of the company’s stock.

Hess Midstream Partners Stock Down 14.5%

HESM opened at $33.10 on Thursday. The company has a market cap of $6.82 billion, a P/E ratio of 11.41 and a beta of 0.58. The business’s 50-day moving average price is $39.49 and its 200-day moving average price is $39.03. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 9.39. Hess Midstream Partners has a 12 month low of $31.63 and a 12 month high of $41.44.

Hess Midstream Partners (NYSE:HESM) last announced its quarterly earnings data on Monday, August 3rd. The company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.08. The firm had revenue of $399.00 million during the quarter, compared to the consensus estimate of $395.96 million. Hess Midstream Partners had a return on equity of 92.18% and a net margin of 23.23%.The business’s revenue was down 3.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.74 earnings per share. On average, equities analysts expect that Hess Midstream Partners will post 2.94 EPS for the current year.

Hess Midstream Partners Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Thursday, August 6th were issued a dividend of $0.7888 per share. This is an increase from Hess Midstream Partners’s previous quarterly dividend of $0.7792. This represents a $3.16 dividend on an annualized basis and a dividend yield of 9.5%. The ex-dividend date was Thursday, August 6th. Hess Midstream Partners’s dividend payout ratio (DPR) is currently 108.97%.

Key Hess Midstream Partners News

Here are the key news stories impacting Hess Midstream Partners this week:

• Positive Sentiment: The agreement is expected to extend Chevron’s Bakken midstream contracts, providing Hess Midstream with longer-term contracted cash flows. It also reduces the number of units outstanding and expands the company into the DJ Basin, creating a multi-basin platform. Hess Midstream Stock Plunges, but the Chevron Deal Has a Silver Lining
• Positive Sentiment: Chevron’s revised agreements are expected to reduce its Bakken unit midstream costs by approximately 50%, potentially improving Chevron’s economics and supporting the competitiveness and returns of the restructured Hess Midstream business. Chevron to Divest its Ownership Interests in Hess Midstream and DJ Basin Crude Midstream Assets
• Neutral Sentiment: Hess Midstream is targeting 2027 adjusted EBITDA of approximately $850 million to $950 million as it transitions into an independent, multi-basin midstream company. Management also discussed the DJ Basin acquisition and broader business strategy, though investors are assessing execution and integration risks. Hess Midstream DJ Basin Acquisition and Business Strategy Transcript
• Negative Sentiment: The restructuring is expected to lower near-term earnings, while the 2027 outlook raised concerns that future profitability may be below previous expectations. This overshadowed the benefits of longer contracts and geographic expansion. Hess Midstream Stock Drops on Chevron Restructuring and Lower 2027 Outlook
• Negative Sentiment: Unusually heavy put-option activity—22,237 puts purchased versus typical daily volume of about 812—signaled substantial bearish positioning or hedging and likely amplified the market’s negative reaction.

Hess Midstream Partners Company Profile

Hess Midstream Partners LP (NYSE:HESM) is a fee-based midstream energy company that owns and operates infrastructure supporting crude oil, natural gas and produced-water production in the Bakken Shale of North Dakota. The partnership primarily serves Hess Corp. and other producers operating in the region.

Its assets include systems for gathering and processing natural gas, gathering and transporting crude oil, and handling and disposing of produced water. Hess Midstream also provides storage, terminal and transportation services, helping connect production sites with downstream pipelines, rail facilities and other market outlets.

The company was formed to own midstream assets previously developed or operated by Hess and began trading publicly in 2017.