Equities analysts expect that Hess Midstream Partners LP (NYSE:HESM) will post sales of $196.00 million for the current quarter, according to Zacks. Two analysts have issued estimates for Hess Midstream Partners’ earnings. The highest sales estimate is $200.20 million and the lowest is $191.80 million. Hess Midstream Partners posted sales of $169.50 million in the same quarter last year, which would indicate a positive year over year growth rate of 15.6%. The firm is expected to report 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 fiscal year, analysts anticipate that the firm will post sales of $874.65 million, with estimates ranging from $827.40 million to $921.90 million. Zacks’ sales averages are an average based on a survey of analysts that cover Hess Midstream Partners.
Hess Midstream Partners (NYSE:HESM) last released its earnings results on Wednesday, July 31st. The company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.03). The business had revenue of $172.80 million for the quarter, compared to analyst estimates of $178.55 million. Hess Midstream Partners had a net margin of 10.16% and a return on equity of 2.54%.
HESM has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Hess Midstream Partners from a “sell” rating to a “hold” rating in a research report on Friday, August 2nd. Mitsubishi UFJ Financial Group reiterated 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. The stock presently has a consensus rating of “Buy” and an average price target of $25.33.
Several large investors have recently made changes to their positions in the stock. Jane Street Group LLC raised its position in shares of Hess Midstream Partners by 2.1% in the 2nd quarter. Jane Street Group LLC now owns 49,198 shares of the company’s stock valued at $959,000 after acquiring an additional 1,031 shares during the period. Duff & Phelps Investment Management Co. increased its stake in Hess Midstream Partners by 1.1% during the 1st quarter. Duff & Phelps Investment Management Co. now owns 225,431 shares of the company’s stock worth $4,779,000 after purchasing an additional 2,370 shares in the last quarter. GSA Capital Partners LLP increased its stake in Hess Midstream Partners by 7.7% during the 2nd quarter. GSA Capital Partners LLP now owns 40,677 shares of the company’s stock worth $793,000 after purchasing an additional 2,897 shares in the last quarter. Virtu Financial LLC increased its stake in Hess Midstream Partners by 29.7% during the 1st quarter. Virtu Financial LLC now owns 13,978 shares of the company’s stock worth $296,000 after purchasing an additional 3,202 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its stake in Hess Midstream Partners by 53,057.1% during the 1st quarter. BNP Paribas Arbitrage SA now owns 3,721 shares of the company’s stock worth $79,000 after purchasing an additional 3,714 shares in the last quarter. Institutional investors and hedge funds own 49.87% of the company’s stock.
Shares of NYSE:HESM opened at $17.97 on Friday. The company has a market capitalization of $491.57 million, a price-to-earnings ratio of 14.15, a P/E/G ratio of 1.20 and a beta of 1.46. The firm’s 50 day simple moving average is $19.73 and its 200 day simple moving average is $20.85. Hess Midstream Partners has a fifty-two week low of $16.17 and a fifty-two week high of $24.51.
The company also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Investors of record on Monday, August 5th were given a $0.397 dividend. The ex-dividend date was Friday, August 2nd. This represents a $1.59 dividend on an annualized basis and a dividend yield of 8.84%. Hess Midstream Partners’s dividend payout ratio is 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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