Zacks Investment Research lowered shares of Hess Midstream Partners LP (NASDAQ:HESM) from a hold rating to a sell rating in a research report report published on Wednesday.

According to Zacks, “Hess Midstream Partners LP is a master limited partnership company. It own, operate, develop and acquire a set of midstream assets to provide services to Hess and third-party crude oil and natural gas producers. The company’s operating segments consists of gathering; processing and storage and terminaling and export. Hess Midstream Partners LP is based in Houston, United States. “

HESM has been the subject of several other research reports. BidaskClub raised shares of Hess Midstream Partners from a strong sell rating to a sell rating in a report on Friday, September 1st. Morgan Stanley raised shares of Hess Midstream Partners from an equal weight rating to an overweight rating and boosted their price target for the stock from $25.00 to $26.00 in a report on Wednesday, August 30th. Scotiabank set a $31.00 price target on shares of Hess Midstream Partners and gave the stock a buy rating in a report on Saturday, July 22nd. Finally, Citigroup Inc. raised shares of Hess Midstream Partners from a neutral rating to a buy rating and cut their price target for the stock from $28.00 to $25.00 in a report on Friday, August 11th. Two research analysts have rated the stock with a sell rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $27.83.

Shares of Hess Midstream Partners (HESM) traded down 0.91% during trading on Wednesday, hitting $21.88. 2,480 shares of the company were exchanged. The firm has a market capitalization of $1.19 billion and a PE ratio of 9.14. Hess Midstream Partners has a 12 month low of $18.33 and a 12 month high of $26.78. The firm’s 50-day moving average price is $20.66 and its 200 day moving average price is $22.08.

Hess Midstream Partners (NASDAQ:HESM) last posted its earnings results on Thursday, July 27th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.02). The firm had revenue of $138.30 million for the quarter, compared to analysts’ expectations of $111.37 million. Hess Midstream Partners had a net margin of 49.24% and a return on equity of 3.23%. On average, equities research analysts expect that Hess Midstream Partners will post $0.89 earnings per share for the current fiscal year.

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A number of hedge funds and other institutional investors have recently modified their holdings of the stock. NBW Capital LLC purchased a new stake in Hess Midstream Partners in the 2nd quarter worth $6,950,000. CNH Partners LLC purchased a new stake in Hess Midstream Partners in the 2nd quarter worth $346,000. Goldman Sachs Group Inc. purchased a new stake in Hess Midstream Partners in the 2nd quarter worth $6,156,000. OxFORD Asset Management LLP purchased a new stake in Hess Midstream Partners in the 2nd quarter worth $2,299,000. Finally, Cbre Clarion Securities LLC purchased a new stake in Hess Midstream Partners in the 2nd quarter worth $2,051,000.

About Hess Midstream Partners

Hess Midstream Partners LP is a fee-based, traditional master limited partnership formed to own, operate, develop and acquire a set of midstream assets to provide services to Hess and third-party crude oil and natural gas producers. The Company’s assets are primarily located in the Bakken and Three Forks shale plays in the Williston Basin area of North Dakota (collectively referred as the Bakken).

Analyst Recommendations for Hess Midstream Partners (NASDAQ:HESM)

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