Hess Midstream Partners (HESM) Price Target Raised to $26.00 at Citigroup

Hess Midstream Partners (NYSE:HESM) had its target price lifted by Citigroup from $25.00 to $26.00 in a research note published on Tuesday. Citigroup currently has a buy rating on the stock.

Several other equities analysts have also commented on the stock. Credit Suisse Group assumed coverage on shares of Hess Midstream Partners in a research report on Thursday, October 11th. They issued an outperform rating and a $29.00 price objective for the company. TheStreet raised shares of Hess Midstream Partners from a d+ rating to a c rating in a research report on Tuesday, September 11th. Zacks Investment Research lowered shares of Hess Midstream Partners from a buy rating to a hold rating in a research report on Wednesday, August 29th. Finally, Morgan Stanley increased their price objective on shares of Hess Midstream Partners from $24.00 to $25.00 and gave the company an overweight rating in a research report on Friday, August 17th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. The company has a consensus rating of Buy and a consensus price target of $27.00.

Shares of Hess Midstream Partners stock opened at $23.05 on Tuesday. The company has a market capitalization of $634.11 million, a P/E ratio of 20.20, a P/E/G ratio of 1.41 and a beta of 1.97. Hess Midstream Partners has a 52 week low of $18.32 and a 52 week high of $24.51.

Hess Midstream Partners (NYSE:HESM) last announced its quarterly earnings data on Wednesday, July 25th. The company reported $0.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.02. The firm had revenue of $164.70 million during the quarter, compared to analyst estimates of $159.10 million. Hess Midstream Partners had a net margin of 10.34% and a return on equity of 2.48%. As a group, research analysts anticipate that Hess Midstream Partners will post 1.27 earnings per share for the current fiscal year.

A number of large investors have recently modified their holdings of the stock. Wells Fargo & Company MN grew its stake in shares of Hess Midstream Partners by 254.7% during the 1st quarter. Wells Fargo & Company MN now owns 273,972 shares of the company’s stock worth $5,217,000 after purchasing an additional 196,721 shares during the period. GSA Capital Partners LLP grew its stake in shares of Hess Midstream Partners by 83.9% during the 1st quarter. GSA Capital Partners LLP now owns 25,943 shares of the company’s stock worth $494,000 after purchasing an additional 11,836 shares during the period. Barclays PLC acquired a new stake in shares of Hess Midstream Partners during the 1st quarter worth approximately $1,999,000. Brookfield Asset Management Inc. grew its stake in shares of Hess Midstream Partners by 206.5% during the 1st quarter. Brookfield Asset Management Inc. now owns 104,503 shares of the company’s stock worth $1,989,000 after purchasing an additional 70,403 shares during the period. Finally, Avalon Advisors LLC acquired a new stake in shares of Hess Midstream Partners during the 1st quarter worth approximately $268,000. Institutional investors own 51.29% of the company’s stock.

Hess Midstream Partners Company Profile

Hess Midstream Partners LP owns, operates, develops, and acquires midstream assets to provide 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 include natural gas and crude oil gathering and compression systems located primarily in McKenzie, Williams and Mountrail Counties, and North Dakota.

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Analyst Recommendations for Hess Midstream Partners (NYSE:HESM)

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