Hess Midstream Partners (NYSE:HESM) Stock Rating Lowered by Wall Street Zen

Hess Midstream Partners (NYSE:HESM) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

HESM has been the subject of a number of other reports. Raymond James Financial reissued an “outperform” rating and issued a $35.00 price target (down from $48.00) on shares of Hess Midstream Partners in a report on Friday, October 24th. Citigroup dropped their target price on shares of Hess Midstream Partners from $41.00 to $37.00 and set a “neutral” rating on the stock in a report on Tuesday, September 23rd. Zacks Research lowered shares of Hess Midstream Partners from a “strong-buy” rating to a “strong sell” rating in a research note on Monday, October 20th. The Goldman Sachs Group initiated coverage on shares of Hess Midstream Partners in a research report on Tuesday, September 30th. They issued a “neutral” rating and a $36.00 price target on the stock. Finally, JPMorgan Chase & Co. upped their price target on Hess Midstream Partners from $44.00 to $46.00 and gave the company a “neutral” rating in a report on Friday, August 22nd. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Hess Midstream Partners currently has an average rating of “Hold” and a consensus price target of $40.57.

Hess Midstream Partners Stock Performance

HESM opened at $33.34 on Friday. The business has a 50 day moving average price of $34.82 and a two-hundred day moving average price of $37.79. 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 has a market capitalization of $6.92 billion, a price-to-earnings ratio of 11.82 and a beta of 0.62. Hess Midstream Partners has a 1-year low of $31.63 and a 1-year high of $44.14.

Hess Midstream Partners (NYSE:HESM) last posted its quarterly earnings data on Monday, November 3rd. The company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.02. Hess Midstream Partners had a return on equity of 69.03% and a net margin of 20.46%.The company had revenue of $420.90 million for the quarter, compared to the consensus estimate of $424.36 million. During the same quarter in the previous year, the business earned $0.63 EPS. The company’s quarterly revenue was up 11.2% compared to the same quarter last year. Research analysts predict that Hess Midstream Partners will post 2.5 EPS for the current fiscal year.

Hedge Funds Weigh In On Hess Midstream Partners

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HESM. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Hess Midstream Partners during the 2nd quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Hess Midstream Partners in the first quarter worth $31,000. Marquette Asset Management LLC acquired a new stake in shares of Hess Midstream Partners in the third quarter worth $30,000. Ameritas Advisory Services LLC purchased a new position in shares of Hess Midstream Partners during the second quarter valued at $50,000. Finally, CENTRAL TRUST Co raised its position in Hess Midstream Partners by 34.9% during the second quarter. CENTRAL TRUST Co now owns 1,545 shares of the company’s stock valued at $59,000 after buying an additional 400 shares during the period. Institutional investors and hedge funds own 98.97% of the company’s stock.

Hess Midstream Partners 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.