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

Shares of Hess Midstream Partners LP (NYSE:HESM) have received a consensus recommendation of “Reduce” from the nine ratings firms that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation and seven have assigned a hold recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $40.5714.

Several equities research analysts have issued reports on the company. Weiss Ratings restated a “hold (c)” rating on shares of Hess Midstream Partners in a report on Monday, December 29th. Raymond James Financial downgraded shares of Hess Midstream Partners from an “outperform” rating to a “market perform” rating in a research report on Monday, January 5th. Zacks Research lowered shares of Hess Midstream Partners from a “hold” rating to a “strong sell” rating in a research note on Friday, January 30th. Finally, Wall Street Zen cut shares of Hess Midstream Partners from a “buy” rating to a “hold” rating in a report on Saturday, November 15th.

Institutional Trading of Hess Midstream Partners

Several institutional investors and hedge funds have recently bought and sold shares of the company. Fractal Investments LLC lifted its holdings in Hess Midstream Partners by 306.9% in the third quarter. Fractal Investments LLC now owns 1,185,220 shares of the company’s stock worth $40,949,000 after acquiring an additional 893,973 shares during the last quarter. SG Americas Securities LLC raised its position in shares of Hess Midstream Partners by 65.1% during the 3rd quarter. SG Americas Securities LLC now owns 108,237 shares of the company’s stock worth $3,740,000 after purchasing an additional 42,682 shares during the period. Dynamic Technology Lab Private Ltd lifted its holdings in shares of Hess Midstream Partners by 116.2% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 15,044 shares of the company’s stock worth $579,000 after purchasing an additional 8,086 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its holdings in shares of Hess Midstream Partners by 224.9% in the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 399,951 shares of the company’s stock worth $13,818,000 after purchasing an additional 276,868 shares during the last quarter. Finally, Jump Financial LLC boosted its position in Hess Midstream Partners by 33.5% during the 2nd quarter. Jump Financial LLC now owns 207,593 shares of the company’s stock valued at $7,994,000 after purchasing an additional 52,041 shares during the period. Institutional investors and hedge funds own 98.97% of the company’s stock.

Hess Midstream Partners Stock Performance

Shares of HESM stock opened at $36.80 on Wednesday. The company has a debt-to-equity ratio of 8.83, a current ratio of 0.75 and a quick ratio of 0.75. The company’s fifty day moving average price is $34.90 and its two-hundred day moving average price is $35.82. The firm has a market capitalization of $7.64 billion, a P/E ratio of 12.87 and a beta of 0.62. Hess Midstream Partners has a 12 month low of $31.63 and a 12 month high of $44.14.

Hess Midstream Partners (NYSE:HESM) last announced its earnings results on Monday, February 2nd. The company reported $0.72 earnings per share for the quarter, meeting the consensus estimate of $0.72. Hess Midstream Partners had a return on equity of 73.17% and a net margin of 21.77%.The company had revenue of $374.50 million during the quarter, compared to the consensus estimate of $419.16 million. During the same period last year, the firm earned $0.68 earnings per share. The company’s revenue was up 2.1% on a year-over-year basis. On average, research analysts anticipate that Hess Midstream Partners will post 2.5 earnings per share for the current fiscal year.

Hess Midstream Partners Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Thursday, February 5th were given a dividend of $0.7641 per share. The ex-dividend date of this dividend was Thursday, February 5th. This is a positive change from Hess Midstream Partners’s previous quarterly dividend of $0.75. This represents a $3.06 annualized dividend and a dividend yield of 8.3%. Hess Midstream Partners’s dividend payout ratio is 106.99%.

Hess Midstream Partners Company Profile

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.