Zacks Investment Research lowered shares of Hess Midstream Partners (NYSE:HESM) from a buy rating to a hold rating in a research note issued to investors on Thursday.

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. “

A number of other brokerages have also weighed in on HESM. BidaskClub raised Hess Midstream Partners from a sell rating to a hold rating in a research report on Thursday, October 5th. Scotiabank set a $31.00 target price on Hess Midstream Partners and gave the stock a buy rating in a research report on Monday, December 4th. Finally, Wells Fargo & Co raised Hess Midstream Partners from a market perform rating to an outperform rating and upped their target price for the stock from $24.00 to $26.00 in a research report on Thursday, January 11th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of $27.71.

Shares of Hess Midstream Partners (NYSE HESM) traded up $0.13 during trading hours on Thursday, hitting $21.13. The stock had a trading volume of 265,080 shares, compared to its average volume of 137,399. Hess Midstream Partners has a one year low of $18.32 and a one year high of $26.78.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its position in Hess Midstream Partners by 98.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,618 shares of the company’s stock valued at $209,000 after buying an additional 4,778 shares during the last quarter. AMP Capital Investors Ltd raised its position in Hess Midstream Partners by 33.8% in the 3rd quarter. AMP Capital Investors Ltd now owns 27,465 shares of the company’s stock valued at $603,000 after buying an additional 6,932 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Hess Midstream Partners by 2.7% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 291,164 shares of the company’s stock valued at $6,397,000 after buying an additional 7,548 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in Hess Midstream Partners in the 3rd quarter valued at $292,000. Finally, CNH Partners LLC purchased a new stake in Hess Midstream Partners in the 2nd quarter valued at $346,000. 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).

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