Wall Street analysts predict that Hess Midstream Partners LP (NYSE:HESM) will report $196.00 million in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Hess Midstream Partners’ earnings, with estimates ranging from $191.80 million to $200.20 million. Hess Midstream Partners reported sales of $169.50 million during the same quarter last year, which indicates a positive year-over-year growth rate of 15.6%. The company is expected to issue its next earnings report on Wednesday, October 30th.
According to Zacks, analysts expect that Hess Midstream Partners will report full-year sales of $754.90 million for the current year, with estimates ranging from $744.40 million to $765.40 million. For the next financial year, analysts expect that the firm will report sales of $874.65 million, with estimates ranging from $827.40 million to $921.90 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Hess Midstream Partners.
Hess Midstream Partners (NYSE:HESM) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.03). Hess Midstream Partners had a net margin of 10.16% and a return on equity of 2.54%. The company had revenue of $172.80 million during the quarter, compared to analysts’ expectations of $178.55 million.
Several equities research analysts have recently weighed in on the company. Zacks Investment Research raised Hess Midstream Partners from a “sell” rating to a “hold” rating in a research report on Friday, August 2nd. Mitsubishi UFJ Financial Group reissued an “overweight” rating on shares of Hess Midstream Partners in a research report on Thursday, April 25th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Hess Midstream Partners presently has a consensus rating of “Buy” and an average price target of $25.33.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in HESM. BNP Paribas Arbitrage SA increased its position in Hess Midstream Partners by 53,057.1% during the first quarter. BNP Paribas Arbitrage SA now owns 3,721 shares of the company’s stock worth $79,000 after buying an additional 3,714 shares during the period. Marshall Wace LLP purchased a new position in shares of Hess Midstream Partners in the 1st quarter valued at approximately $128,000. Jane Street Group LLC purchased a new position in shares of Hess Midstream Partners in the 4th quarter valued at approximately $183,000. American Century Companies Inc. purchased a new position in shares of Hess Midstream Partners in the 4th quarter valued at approximately $243,000. Finally, Virtu Financial LLC grew its stake in shares of Hess Midstream Partners by 29.7% in the 1st quarter. Virtu Financial LLC now owns 13,978 shares of the company’s stock valued at $296,000 after purchasing an additional 3,202 shares during the last quarter. 50.02% of the stock is currently owned by institutional investors.
Shares of NYSE HESM traded up $0.31 during midday trading on Friday, hitting $18.72. 88,854 shares of the company’s stock were exchanged, compared to its average volume of 108,422. Hess Midstream Partners has a twelve month low of $16.17 and a twelve month high of $24.34. The company has a market cap of $491.39 million, a PE ratio of 14.70, a P/E/G ratio of 1.17 and a beta of 1.46. The firm’s fifty day simple moving average is $19.70 and its 200-day simple moving average is $20.84.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 13th. Stockholders of record on Monday, August 5th were given a dividend of $0.397 per share. This represents a $1.59 annualized dividend and a dividend yield of 8.48%. The ex-dividend date of this dividend was Friday, August 2nd. Hess Midstream Partners’s dividend payout ratio (DPR) is presently 125.20%.
About Hess Midstream Partners
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 is involved in the natural gas and crude oil gathering and compression activities located primarily in McKenzie, Williams and Mountrail Counties, and North Dakota.
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