Hess Midstream Partners (NYSE:HESM) Upgraded to Hold at Zacks Research

Hess Midstream Partners (NYSE:HESM) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.

A number of other research analysts also recently weighed in on the company. UBS Group restated a “neutral” rating and issued a $43.00 price target (down from $45.00) on shares of Hess Midstream Partners in a research note on Wednesday, September 10th. Raymond James Financial reiterated an “outperform” rating and set a $35.00 target price (down previously from $48.00) on shares of Hess Midstream Partners in a research note on Friday, October 24th. JPMorgan Chase & Co. lifted their price target on Hess Midstream Partners from $44.00 to $46.00 and gave the stock a “neutral” rating in a report on Friday, August 22nd. Wells Fargo & Company cut Hess Midstream Partners from an “equal weight” rating to a “reduce” rating in a research report on Friday, September 19th. Finally, Wall Street Zen cut shares of Hess Midstream Partners from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th. Two analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Hess Midstream Partners has an average rating of “Hold” and an average price target of $40.57.

Hess Midstream Partners Trading Down 1.0%

Shares of NYSE HESM opened at $32.04 on Tuesday. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 8.83. Hess Midstream Partners has a twelve month low of $31.63 and a twelve month high of $44.14. The company’s fifty day moving average is $34.36 and its 200-day moving average is $37.69. The stock has a market cap of $6.65 billion, a price-to-earnings ratio of 11.36 and a beta of 0.62.

Hess Midstream Partners (NYSE:HESM) last announced its earnings results on Monday, November 3rd. The company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.73 by $0.02. Hess Midstream Partners had a net margin of 20.46% and a return on equity of 69.03%. The firm had revenue of $420.90 million for the quarter, compared to the consensus estimate of $424.36 million. During the same period last year, the company posted $0.63 EPS. The business’s quarterly revenue was up 11.2% on a year-over-year basis. Equities research analysts predict that Hess Midstream Partners will post 2.5 EPS for the current year.

Institutional Trading of Hess Midstream Partners

Large investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Hess Midstream Partners in the 3rd quarter valued at approximately $187,691,000. Invesco Ltd. increased its position in Hess Midstream Partners by 50.5% during the 2nd quarter. Invesco Ltd. now owns 6,022,208 shares of the company’s stock worth $231,915,000 after purchasing an additional 2,020,430 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Hess Midstream Partners by 179.3% in the third quarter. JPMorgan Chase & Co. now owns 2,269,146 shares of the company’s stock valued at $78,399,000 after buying an additional 1,456,627 shares in the last quarter. Westwood Holdings Group Inc. grew its stake in shares of Hess Midstream Partners by 92.4% during the second quarter. Westwood Holdings Group Inc. now owns 2,096,560 shares of the company’s stock worth $80,739,000 after buying an additional 1,006,998 shares during the last quarter. Finally, Fractal Investments LLC increased its holdings in shares of Hess Midstream Partners by 306.9% during the third quarter. Fractal Investments LLC now owns 1,185,220 shares of the company’s stock worth $40,949,000 after buying an additional 893,973 shares in the last quarter. 98.97% of the stock is owned by institutional investors and hedge funds.

About Hess Midstream Partners

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.