Media stories about Hess Midstream Partners (NASDAQ:HESM) have trended somewhat positive on Sunday, according to Accern Sentiment Analysis. Accern identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Hess Midstream Partners earned a news sentiment score of 0.08 on Accern’s scale. Accern also gave media headlines about the company an impact score of 46.2519403477956 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
A number of research analysts have commented on the company. Citigroup Inc. upgraded Hess Midstream Partners from a “neutral” rating to a “buy” rating and lowered their target price for the company from $28.00 to $25.00 in a research note on Friday. Zacks Investment Research upgraded Hess Midstream Partners from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Scotiabank set a $31.00 target price on Hess Midstream Partners and gave the company a “buy” rating in a research note on Friday, May 19th. J P Morgan Chase & Co assumed coverage on Hess Midstream Partners in a research note on Monday, May 1st. They issued an “overweight” rating and a $30.00 target price on the stock. Finally, Goldman Sachs Group, Inc. (The) assumed coverage on Hess Midstream Partners in a research note on Monday, May 1st. They issued a “buy” rating and a $32.00 target price on the stock. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $27.83.
Shares of Hess Midstream Partners (HESM) opened at 19.21 on Friday. Hess Midstream Partners has a 12 month low of $1.42 and a 12 month high of $26.78. The firm has a market cap of $1.05 billion and a PE ratio of 7.68. The firm has a 50 day moving average price of $19.41 and a 200-day moving average price of $22.42.
Hess Midstream Partners (NASDAQ:HESM) last announced its quarterly earnings data on Thursday, July 27th. The company reported $0.21 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by $0.02. The firm had revenue of $138.30 million during the quarter, compared to the consensus estimate of $111.37 million. On average, analysts predict that Hess Midstream Partners will post $0.98 EPS for the current fiscal year.
The business also recently disclosed a special dividend, which will be paid on Monday, August 14th. Stockholders of record on Friday, August 4th will be issued a $0.2703 dividend. The ex-dividend date of this dividend is Wednesday, August 2nd.
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Hess Midstream Partners Company Profile
Hess Midstream Partners LP is a fee-based, traditional master limited partnership formed to own, operate, develop and acquire a set of midstream assets to provide services to Hess and third-party crude oil and natural gas producers. The Company’s assets are primarily located in the Bakken and Three Forks shale plays in the Williston Basin area of North Dakota (collectively referred as the Bakken).
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