Equities analysts expect Hess Midstream Partners LP (NYSE:HESM) to post earnings per share (EPS) of $0.34 for the current quarter, Zacks reports. Two analysts have made estimates for Hess Midstream Partners’ earnings. The lowest EPS estimate is $0.33 and the highest is $0.35. Hess Midstream Partners posted earnings per share of $0.32 in the same quarter last year, which would indicate a positive year over year growth rate of 6.3%. The firm is scheduled to announce its next earnings report on Wednesday, July 24th.
On average, analysts expect that Hess Midstream Partners will report full-year earnings of $1.41 per share for the current year, with EPS estimates ranging from $1.39 to $1.44. For the next fiscal year, analysts forecast that the company will report earnings of $1.66 per share, with EPS estimates ranging from $1.59 to $1.73. Zacks’ earnings per share averages are an average based on a survey of research analysts that follow Hess Midstream Partners.
Hess Midstream Partners (NYSE:HESM) last announced its quarterly earnings results on Thursday, April 25th. The company reported $0.32 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.01). The company had revenue of $174.20 million during the quarter, compared to analyst estimates of $172.85 million. Hess Midstream Partners had a net margin of 10.43% and a return on equity of 2.62%.
Several analysts recently commented on HESM shares. Zacks Investment Research raised Hess Midstream Partners from a “sell” rating to a “hold” rating in a research note on Saturday, March 2nd. Wells Fargo & Co reaffirmed a “market perform” rating and issued a $24.00 price target (down previously from $27.00) on shares of Hess Midstream Partners in a research note on Tuesday, March 19th. JPMorgan Chase & Co. lowered Hess Midstream Partners from an “overweight” rating to a “neutral” rating and set a $27.00 price target on the stock. in a research note on Tuesday, March 12th. Finally, Mitsubishi UFJ Financial Group reaffirmed an “overweight” rating on shares of Hess Midstream Partners in a research note on Thursday, April 25th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $25.33.
In related news, CFO Jonathan C. Stein sold 1,381 shares of the business’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $22.63, for a total value of $31,252.03. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In the last ninety days, insiders sold 2,714 shares of company stock worth $60,318.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Virtu Financial LLC acquired a new stake in Hess Midstream Partners during the fourth quarter worth approximately $183,000. Bank of Montreal Can acquired a new stake in Hess Midstream Partners during the fourth quarter worth approximately $36,000. Duff & Phelps Investment Management Co. raised its holdings in Hess Midstream Partners by 0.5% during the fourth quarter. Duff & Phelps Investment Management Co. now owns 223,061 shares of the company’s stock worth $3,788,000 after purchasing an additional 1,200 shares in the last quarter. First Trust Advisors LP acquired a new stake in Hess Midstream Partners during the fourth quarter worth approximately $413,000. Finally, Acadian Asset Management LLC raised its holdings in Hess Midstream Partners by 6.7% during the fourth quarter. Acadian Asset Management LLC now owns 145,306 shares of the company’s stock worth $2,468,000 after purchasing an additional 9,081 shares in the last quarter. Hedge funds and other institutional investors own 48.78% of the company’s stock.
HESM stock traded up $0.23 during trading on Tuesday, hitting $20.46. The company had a trading volume of 67,400 shares, compared to its average volume of 81,972. The firm has a market cap of $556.47 million, a price-to-earnings ratio of 16.11, a P/E/G ratio of 1.31 and a beta of 1.60. Hess Midstream Partners has a fifty-two week low of $16.17 and a fifty-two week high of $24.51.
The business also recently declared a quarterly dividend, which was paid on Tuesday, May 14th. Investors of record on Friday, May 3rd were paid a $0.3833 dividend. This is a positive change from Hess Midstream Partners’s previous quarterly dividend of $0.37. The ex-dividend date was Thursday, May 2nd. This represents a $1.53 annualized dividend and a yield of 7.49%. Hess Midstream Partners’s payout ratio is currently 120.47%.
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 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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