Hess Midstream (HESM) to Release Earnings on Thursday

Hess Midstream (NYSE:HESM) will be posting its quarterly earnings results before the market opens on Thursday, April 25th. Analysts expect Hess Midstream to post earnings of $0.59 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Hess Midstream (NYSE:HESM) last issued its quarterly earnings results on Wednesday, January 31st. The company reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.05). Hess Midstream had a return on equity of 28.21% and a net margin of 8.79%. The business had revenue of $356.50 million for the quarter, compared to analyst estimates of $358.86 million. During the same quarter last year, the firm posted $0.49 EPS. Hess Midstream’s revenue for the quarter was up 13.3% on a year-over-year basis. On average, analysts expect Hess Midstream to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Hess Midstream Price Performance

Shares of NYSE HESM opened at $35.32 on Wednesday. Hess Midstream has a twelve month low of $26.86 and a twelve month high of $36.84. The firm has a fifty day simple moving average of $35.07 and a 200 day simple moving average of $32.74. The company has a market capitalization of $7.99 billion, a PE ratio of 16.90 and a beta of 1.50. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 8.81.

Hess Midstream Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 14th. Investors of record on Thursday, May 2nd will be paid a dividend of $0.6516 per share. This represents a $2.61 dividend on an annualized basis and a yield of 7.38%. The ex-dividend date is Wednesday, May 1st. This is an increase from Hess Midstream’s previous quarterly dividend of $0.63. Hess Midstream’s dividend payout ratio (DPR) is currently 121.53%.

Insider Transactions at Hess Midstream

In other news, Director Infrastructure Investor Global sold 11,500,000 shares of the business’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $32.83, for a total transaction of $377,545,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Analyst Ratings Changes

A number of equities analysts recently weighed in on HESM shares. JPMorgan Chase & Co. lifted their target price on shares of Hess Midstream from $37.00 to $38.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 16th. UBS Group lifted their price target on shares of Hess Midstream from $35.00 to $38.00 and gave the company a “buy” rating in a research note on Friday, March 1st. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Hess Midstream currently has an average rating of “Moderate Buy” and an average target price of $35.67.

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.