Hess Midstream Partners LP (NASDAQ:HESM) was upgraded by investment analysts at Citigroup Inc. to a “buy” rating in a note issued to investors on Friday.

A number of other research analysts have also recently commented on the company. Goldman Sachs Group, Inc. (The) initiated coverage on Hess Midstream Partners in a report on Monday, May 1st. They issued a “buy” rating and a $32.00 price objective on the stock. Scotiabank set a $31.00 price target on Hess Midstream Partners and gave the stock a “buy” rating in a research note on Friday, May 19th. Morgan Stanley started coverage on Hess Midstream Partners in a research note on Monday, May 1st. They set a “weight” rating and a $27.00 price target on the stock. J P Morgan Chase & Co started coverage on Hess Midstream Partners in a research note on Monday, May 1st. They set an “overweight” rating and a $30.00 price target on the stock. Finally, Zacks Investment Research cut Hess Midstream Partners from a “buy” rating to a “hold” rating in a research note on Friday, July 21st. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $28.33.

Shares of Hess Midstream Partners (NASDAQ HESM) opened at 18.80 on Friday. The stock has a market capitalization of $1.03 billion and a P/E ratio of 7.51. Hess Midstream Partners has a one year low of $1.42 and a one year high of $26.78. The stock has a 50 day moving average price of $19.41 and a 200 day moving average price of $22.46.

Hess Midstream Partners (NASDAQ:HESM) last released its quarterly earnings data on Thursday, July 27th. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by $0.02. The company had revenue of $138.30 million during the quarter, compared to analysts’ expectations of $111.37 million. Equities analysts forecast that Hess Midstream Partners will post $0.98 earnings per share for the current year.

WARNING: “Hess Midstream Partners LP (NASDAQ:HESM) Upgraded at Citigroup Inc.” was posted by Daily Political and is the sole property of of Daily Political. If you are accessing this piece on another domain, it was illegally copied and reposted in violation of U.S. & international copyright legislation. The legal version of this piece can be viewed at https://www.dailypolitical.com/2017/08/11/hess-midstream-partners-lp-nasdaqhesm-upgraded-at-citigroup-inc.html.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Acadian Asset Management LLC purchased a new position in Hess Midstream Partners during the second quarter worth approximately $119,000. Sei Investments Co. purchased a new position in Hess Midstream Partners during the second quarter worth approximately $373,000. Lucas Capital Management purchased a new position in Hess Midstream Partners during the second quarter worth approximately $624,000. Kornitzer Capital Management Inc. KS purchased a new position in Hess Midstream Partners during the second quarter worth approximately $735,000. Finally, Center Coast Capital Advisors LP purchased a new position in Hess Midstream Partners during the second quarter worth approximately $1,037,000.

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)

Receive News & Ratings for Hess Midstream Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hess Midstream Partners LP and related companies with MarketBeat.com's FREE daily email newsletter.