Shares of Hess Midstream Partners LP (NASDAQ:HESM) have earned a consensus rating of “Buy” from the five ratings firms that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $29.40.
HESM has been the subject of a number of research reports. Goldman Sachs Group, Inc. (The) initiated coverage on shares of Hess Midstream Partners in a report on Monday, May 1st. They set a “buy” rating and a $32.00 target price for the company. Scotiabank set a $31.00 target price on shares of Hess Midstream Partners and gave the stock a “buy” rating in a report on Friday, May 19th. Morgan Stanley upped their target price on shares of Hess Midstream Partners from $25.00 to $26.00 and gave the stock an “equal weight” rating in a report on Friday. Citigroup Inc. started coverage on shares of Hess Midstream Partners in a report on Tuesday, May 2nd. They set a “neutral” rating and a $28.00 target price for the company. Finally, J P Morgan Chase & Co started coverage on shares of Hess Midstream Partners in a research report on Monday, May 1st. They set an “overweight” rating and a $30.00 price target on the stock.
Hess Midstream Partners (HESM) opened at 20.50 on Tuesday. The company has a market cap of $1.12 billion and a price-to-earnings ratio of 5.03. Hess Midstream Partners has a 52-week low of $18.62 and a 52-week high of $26.78. The firm’s 50-day moving average is $22.72 and its 200 day moving average is $23.90.
About Hess Midstream Partners
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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