Hess Midstream Partners (NYSE:HESM) received a $31.00 price target from investment analysts at Scotiabank in a research note issued to investors on Monday. The brokerage presently has a “buy” rating on the stock. Scotiabank’s target price points to a potential upside of 51.15% from the company’s current price.

A number of other equities research analysts also recently commented on the stock. BidaskClub raised shares of Hess Midstream Partners from a “strong sell” rating to a “sell” rating in a research report on Tuesday, November 7th. Zacks Investment Research raised shares of Hess Midstream Partners from a “hold” rating to a “strong-buy” rating and set a $23.00 target price for the company in a research report on Monday, October 30th. Morgan Stanley raised shares of Hess Midstream Partners from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $25.00 to $26.00 in a research report on Wednesday, August 30th. Finally, Citigroup raised shares of Hess Midstream Partners from a “neutral” rating to a “buy” rating and cut their target price for the stock from $28.00 to $25.00 in a research report on Friday, August 11th. One investment analyst has rated the stock with a sell rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $27.83.

Hess Midstream Partners (NYSE HESM) opened at $20.51 on Monday. Hess Midstream Partners has a 1-year low of $18.32 and a 1-year high of $26.78.

Hess Midstream Partners (NYSE:HESM) last posted its earnings results on Thursday, October 26th. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03. Hess Midstream Partners had a net margin of 28.19% and a return on equity of 6.64%. The business had revenue of $146.70 million during the quarter, compared to the consensus estimate of $116.27 million. equities research analysts predict that Hess Midstream Partners will post 1.01 earnings per share for the current fiscal year.

A number of large investors have recently bought and sold shares of HESM. Acadian Asset Management LLC bought a new stake in shares of Hess Midstream Partners during the 2nd quarter valued at $119,000. JPMorgan Chase & Co. grew its position in shares of Hess Midstream Partners by 98.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 9,618 shares of the company’s stock valued at $209,000 after acquiring an additional 4,778 shares during the period. GSA Capital Partners LLP bought a new stake in shares of Hess Midstream Partners during the 3rd quarter valued at $292,000. CNH Partners LLC bought a new stake in shares of Hess Midstream Partners during the 2nd quarter valued at $346,000. Finally, Sei Investments Co. bought a new stake in shares of Hess Midstream Partners during the 2nd quarter valued at $373,000. 57.16% of the stock is owned by institutional investors and hedge funds.

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Hess Midstream Partners Company Profile

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 (NYSE:HESM)

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