Hess Midstream Partners LP (NYSE:HESM) Receives Consensus Recommendation of “Reduce” from Analysts

Shares of Hess Midstream Partners LP (NYSE:HESM) have been assigned a consensus rating of “Reduce” from the nine research firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and eight have issued a hold recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $40.5714.

HESM has been the topic of a number of research analyst reports. The Goldman Sachs Group started coverage on shares of Hess Midstream Partners in a research report on Tuesday, September 30th. They set a “neutral” rating and a $36.00 price objective on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Hess Midstream Partners in a research note on Monday, December 29th. Raymond James Financial cut Hess Midstream Partners from an “outperform” rating to a “market perform” rating in a report on Monday, January 5th. Zacks Research raised Hess Midstream Partners from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 18th. Finally, Wall Street Zen cut Hess Midstream Partners from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th.

Institutional Trading of Hess Midstream Partners

Several large investors have recently added to or reduced their stakes in the business. Strategic Advocates LLC acquired a new position in Hess Midstream Partners in the third quarter valued at approximately $28,000. Marquette Asset Management LLC purchased a new position in shares of Hess Midstream Partners during the 3rd quarter valued at approximately $30,000. Ameritas Advisory Services LLC purchased a new position in shares of Hess Midstream Partners during the 2nd quarter valued at approximately $50,000. CENTRAL TRUST Co lifted its stake in shares of Hess Midstream Partners by 34.9% in the 2nd quarter. CENTRAL TRUST Co now owns 1,545 shares of the company’s stock valued at $59,000 after purchasing an additional 400 shares during the period. Finally, Farther Finance Advisors LLC boosted its holdings in Hess Midstream Partners by 124.4% during the second quarter. Farther Finance Advisors LLC now owns 2,363 shares of the company’s stock worth $91,000 after buying an additional 1,310 shares in the last quarter. 98.97% of the stock is currently owned by institutional investors.

Hess Midstream Partners Price Performance

NYSE HESM opened at $35.34 on Friday. Hess Midstream Partners has a one year low of $31.63 and a one year high of $44.14. The stock has a 50-day moving average of $34.00 and a 200 day moving average of $36.33. The company has a debt-to-equity ratio of 8.83, a quick ratio of 0.75 and a current ratio of 0.75. The company has a market capitalization of $7.34 billion, a price-to-earnings ratio of 12.53 and a beta of 0.61.

Hess Midstream Partners (NYSE:HESM) last announced its quarterly earnings results on Monday, November 3rd. The company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.02. Hess Midstream Partners had a net margin of 20.46% and a return on equity of 69.03%. The firm had revenue of $420.90 million for the quarter, compared to the consensus estimate of $424.36 million. During the same quarter last year, the firm posted $0.63 EPS. The business’s quarterly revenue was up 11.2% compared to the same quarter last year. On average, sell-side analysts forecast that Hess Midstream Partners will post 2.5 EPS for the current year.

Hess Midstream Partners Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Thursday, November 6th were given a dividend of $0.7548 per share. This represents a $3.02 annualized dividend and a dividend yield of 8.5%. The ex-dividend date of this dividend was Thursday, November 6th. This is an increase from Hess Midstream Partners’s previous quarterly dividend of $0.74. Hess Midstream Partners’s payout ratio is currently 107.09%.

About Hess Midstream Partners

Hess Midstream Partners LP, formerly traded on the New York Stock Exchange under the ticker HESM, is a midstream energy partnership that owns, operates and develops crude oil, natural gas and produced water infrastructure in the Williston Basin. The company’s assets include crude oil gathering and transportation systems, saltwater disposal wells, natural gas processing and fractionation plants, and associated pipeline and storage facilities. Its integrated network is designed to support upstream production by providing gathering, processing, storage and marketing services for hydrocarbons and produced water.

Headquartered in Houston, Texas, Hess Midstream Partners primarily serves producers operating in North Dakota and Montana’s Bakken Shale region.