Hess Midstream (HESM) Expected to Announce Quarterly Earnings on Wednesday

Hess Midstream (NYSE:HESMGet Free Report) is projected to announce its earnings results before the market opens on Wednesday, January 29th. Analysts expect the company to announce earnings of $0.65 per share and revenue of $392,130.00 billion for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Hess Midstream (NYSE:HESMGet Free Report) last posted its earnings results on Wednesday, October 30th. The company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.05. Hess Midstream had a return on equity of 47.87% and a net margin of 13.06%. The business had revenue of $378.50 million during the quarter, compared to analysts’ expectations of $376.98 million. During the same period in the prior year, the business earned $0.57 EPS. Hess Midstream’s revenue for the quarter was up 4.2% compared to the same quarter last year. On average, analysts expect Hess Midstream to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Hess Midstream Stock Performance

Shares of HESM opened at $41.38 on Monday. The firm’s 50 day moving average price is $37.63 and its two-hundred day moving average price is $36.69. The company has a debt-to-equity ratio of 7.85, a quick ratio of 0.70 and a current ratio of 0.70. Hess Midstream has a twelve month low of $32.15 and a twelve month high of $41.61. The firm has a market cap of $9.02 billion, a P/E ratio of 17.53 and a beta of 1.52.

Insider Buying and Selling

In other news, CFO Jonathan C. Stein sold 7,923 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $35.32, for a total transaction of $279,840.36. Following the completion of the transaction, the chief financial officer now directly owns 59,945 shares of the company’s stock, valued at $2,117,257.40. This trade represents a 11.67 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

About Hess Midstream

(Get Free Report)

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.

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Earnings History for Hess Midstream (NYSE:HESM)

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