Hess Midstream (HESM) Scheduled to Post Earnings on Wednesday

Hess Midstream (NYSE:HESM) is scheduled to be issuing its quarterly earnings data before the market opens on Wednesday, July 31st. Analysts expect the company to announce earnings of $0.60 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Hess Midstream Trading Down 0.3 %

Shares of NYSE:HESM opened at $37.22 on Tuesday. The company has a debt-to-equity ratio of 8.67, a quick ratio of 0.89 and a current ratio of 0.89. The stock’s 50-day moving average is $36.37 and its 200-day moving average is $35.19. The company has a market cap of $8.32 billion, a P/E ratio of 16.84 and a beta of 1.52. Hess Midstream has a 52-week low of $27.57 and a 52-week high of $39.11.

Insiders Place Their Bets

In other news, Director Infrastructure Investor Global sold 1,500,000 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $34.02, for a total transaction of $51,030,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on HESM. JPMorgan Chase & Co. raised their target price on Hess Midstream from $37.00 to $38.00 and gave the company a “neutral” rating in a report on Tuesday, April 16th. Wells Fargo & Company raised their price objective on shares of Hess Midstream from $36.00 to $37.00 and gave the stock an “equal weight” rating in a research note on Monday, April 29th. Finally, UBS Group upped their target price on shares of Hess Midstream from $38.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, July 3rd. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $36.83.

Hess Midstream Company Profile

Hess Midstream LP owns, develops, operates, and acquires midstream assets and provide fee-based 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 owns natural gas gathering and compression systems; crude oil gathering systems; and produced water gathering and disposal facilities.