Hess Midstream (HESM) Stock Price, News & Analysis

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Hess Midstream in the last twelve months. There are currently 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" HESM shares.
View HESM analyst ratings or view top-rated stocks.

6 brokers have issued twelve-month price objectives for Hess Midstream's shares. Their HESM share price targets range from $32.00 to $38.00. On average, they anticipate the company's share price to reach $35.67 in the next year. This suggests a possible upside of 2.7% from the stock's current price.
View analysts price targets for HESM or view top-rated stocks among Wall Street analysts.

Hess Midstream's stock was trading at $31.63 at the start of the year. Since then, HESM shares have increased by 9.8% and is now trading at $34.74.
View the best growth stocks for 2024 here.

Hess Midstream saw a increase in short interest in March. As of March 31st, there was short interest totaling 4,360,000 shares, an increase of 12.1% from the March 15th total of 3,890,000 shares. Based on an average daily trading volume, of 931,800 shares, the days-to-cover ratio is presently 4.7 days.
View Hess Midstream's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
View our HESM earnings forecast.

Hess Midstream will be holding an earnings conference call on Thursday, April 25th at 12:00 PM Eastern. Interested parties can register for or listen to the call using this link.

Hess Midstream LP (NYSE:HESM) issued its earnings results on Wednesday, January, 31st. The company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.60 by $0.05. The firm 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 trailing twelve-month return on equity of 28.21%. The business's revenue was up 13.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.49 EPS.

Hess Midstream declared a quarterly dividend on Monday, January 29th. Investors of record on Thursday, February 8th will be paid a dividend of $0.6343 per share on Wednesday, February 14th. This represents a $2.54 dividend on an annualized basis and a yield of 7.30%. The ex-dividend date is Wednesday, February 7th. This is a boost from the stock's previous quarterly dividend of $0.62.
Read our dividend analysis for HESM.

Hess Midstream (NYSE:HESM) pays an annual dividend of $2.54 per share and currently has a dividend yield of 7.32%. HESM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 7 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 121.53%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, HESM will have a dividend payout ratio of 86.10% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for HESM.

ETFs with the largest weight of Hess Midstream (NYSE:HESM) stock in their portfolio include Global X MLP ETF (MLPA), Alerian MLP ETF (AMLP), BNY Mellon Global Infrastructure Income ETF (BKGI), InfraCap MLP ETF (AMZA), First Trust Natural Gas ETF (FCG), Pacer American Energy Independence ETF (USAI), USCF Midstream Energy Income Fund (UMI) and Amplify Natural Resources Dividend Income ETF (NDIV).

Based on aggregate information from My MarketBeat watchlists, some companies that other Hess Midstream investors own include Enterprise Products Partners (EPD), AT&T (T), Pfizer (PFE), ONEOK (OKE), Energy Transfer (ET), Kinder Morgan (KMI), Omega Healthcare Investors (OHI), Apollo Global Management (APO), Bank of America (BAC) and General Electric (GE).

Hess Midstream (HESM) raised $250 million in an initial public offering (IPO) on Wednesday, April 5th 2017. The company issued 12,500,000 shares at a price of $19.00-$21.00 per share. Goldman Sachs, Morgan Stanley, Citigroup, J.P. Morgan, MUFG and Wells Fargo Securities acted as the underwriters for the IPO and ING, Scotia, Howard Weil, SMBC Nikko, Barclays, HSBC and TD Securities were co-managers.

Hess Midstream's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Miller Howard Investments Inc. NY (0.30%), Artemis Investment Management LLP (0.26%), Stokes Capital Advisors LLC (0.06%), CFM Wealth Partners LLC (0.02%), F&V Capital Management LLC (0.00%) and Chickasaw Capital Management LLC (0.00%). Insiders that own company stock include Corp Hess, Geurt G Schoonman, Infrastructure Investor Global, John A Gatling, John B Hess and Jonathan C Stein.
View institutional ownership trends.

Shares of HESM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.