Shares of Hess Midstream Partners LP (NYSE:HESM) have received an average rating of “Buy” from the six research firms that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $26.00.

Several research firms have recently weighed in on HESM. Zacks Investment Research upgraded shares of Hess Midstream Partners from a “sell” rating to a “hold” rating in a research note on Saturday, March 2nd. Morgan Stanley lowered their price objective on shares of Hess Midstream Partners from $25.00 to $24.00 and set an “overweight” rating on the stock in a research note on Friday, November 30th. Credit Suisse Group set a $27.00 price objective on shares of Hess Midstream Partners and gave the stock a “buy” rating in a research note on Friday, December 14th. Finally, JPMorgan Chase & Co. lowered shares of Hess Midstream Partners from an “overweight” rating to a “neutral” rating and set a $27.00 price objective on the stock. in a research note on Tuesday.

In related news, COO John A. Gatling purchased 12,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 26th. The shares were acquired at an average price of $16.90 per share, for a total transaction of $202,800.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Jonathan C. Stein sold 1,381 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $22.63, for a total transaction of $31,252.03. The disclosure for this sale can be found here.

A number of institutional investors and hedge funds have recently made changes to their positions in HESM. Kayne Anderson Capital Advisors LP grew its stake in Hess Midstream Partners by 38.5% in the 4th quarter. Kayne Anderson Capital Advisors LP now owns 988,404 shares of the company’s stock valued at $16,772,000 after buying an additional 274,810 shares during the last quarter. Virtus Alternative Investment Advisers Inc. acquired a new position in Hess Midstream Partners in the 3rd quarter valued at about $5,038,000. FMR LLC grew its stake in Hess Midstream Partners by 8.1% in the 4th quarter. FMR LLC now owns 1,691,016 shares of the company’s stock valued at $28,714,000 after buying an additional 127,005 shares during the last quarter. Russell Investments Group Ltd. grew its stake in Hess Midstream Partners by 66.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 164,559 shares of the company’s stock valued at $3,754,000 after buying an additional 65,583 shares during the last quarter. Finally, MetLife Investment Advisors LLC acquired a new position in shares of Hess Midstream Partners during the 3rd quarter worth approximately $1,141,000. Institutional investors and hedge funds own 49.55% of the company’s stock.

Shares of NYSE:HESM opened at $22.65 on Tuesday. The stock has a market cap of $614.46 million, a price-to-earnings ratio of 17.83, a price-to-earnings-growth ratio of 1.44 and a beta of 1.63. Hess Midstream Partners has a one year low of $16.17 and a one year high of $24.51.

Hess Midstream Partners (NYSE:HESM) last released its quarterly earnings data on Wednesday, January 30th. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.01). The firm had revenue of $171.20 million for the quarter, compared to analyst estimates of $171.85 million. Hess Midstream Partners had a return on equity of 2.63% and a net margin of 10.54%. On average, sell-side analysts anticipate that Hess Midstream Partners will post 1.42 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 13th. Investors of record on Monday, February 4th were paid a $0.3701 dividend. The ex-dividend date was Friday, February 1st. This represents a $1.48 dividend on an annualized basis and a yield of 6.54%. This is a positive change from Hess Midstream Partners’s previous quarterly dividend of $0.36. Hess Midstream Partners’s dividend payout ratio is 116.54%.

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 include natural gas and crude oil gathering and compression systems located primarily in McKenzie, Williams and Mountrail Counties, and North Dakota.

Further Reading: P/E Growth (PEG)

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