Hess Midstream (NYSE:HESM) PT Raised to $38.00 at JPMorgan Chase & Co.

Hess Midstream (NYSE:HESM) had its target price hoisted by analysts at JPMorgan Chase & Co. from $37.00 to $38.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 9.38% from the company’s previous close.

Separately, UBS Group raised their target price on shares of Hess Midstream from $35.00 to $38.00 and gave the stock a “buy” rating in a research note on Friday, March 1st. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $35.67.

Hess Midstream Stock Up 1.2 %

Shares of NYSE:HESM opened at $34.74 on Tuesday. The stock has a market cap of $7.86 billion, a P/E ratio of 16.62 and a beta of 1.50. The firm has a fifty day moving average price of $34.85 and a 200 day moving average price of $32.51. The company has a debt-to-equity ratio of 8.81, a current ratio of 0.65 and a quick ratio of 0.65. Hess Midstream has a 1-year low of $26.86 and a 1-year high of $36.84.

Hess Midstream (NYSE:HESM) last released its earnings results on Wednesday, January 31st. The company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.05). Hess Midstream had a return on equity of 28.21% and a net margin of 8.79%. The firm had revenue of $356.50 million during the quarter, compared to analyst estimates of $358.86 million. During the same quarter last year, the business posted $0.49 EPS. The firm’s revenue was up 13.3% on a year-over-year basis. Sell-side analysts predict that Hess Midstream will post 2.55 EPS for the current year.

Insider Activity at Hess Midstream

In related news, Director Infrastructure Investor Global sold 11,500,000 shares of the firm’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $32.83, for a total value of $377,545,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Institutional Trading of Hess Midstream

Several hedge funds and other institutional investors have recently made changes to their positions in HESM. Advisor Group Holdings Inc. increased its holdings in Hess Midstream by 43.0% during the 1st quarter. Advisor Group Holdings Inc. now owns 8,053 shares of the company’s stock valued at $241,000 after acquiring an additional 2,423 shares in the last quarter. Cambridge Investment Research Advisors Inc. acquired a new position in Hess Midstream during the first quarter worth about $244,000. Cetera Advisor Networks LLC acquired a new position in Hess Midstream during the first quarter worth about $445,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Hess Midstream during the first quarter worth about $1,556,000. Finally, BlackRock Inc. raised its position in Hess Midstream by 220.0% during the first quarter. BlackRock Inc. now owns 391,128 shares of the company’s stock worth $11,733,000 after acquiring an additional 268,914 shares during the last quarter. Institutional investors and hedge funds own 92.41% of the company’s stock.

Hess Midstream Company Profile

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.