TheStreet upgraded shares of Hess Midstream Partners (NYSE:HESM) from a d+ rating to a c rating in a report issued on Tuesday morning.

HESM has been the topic of several other research reports. Zacks Investment Research upgraded shares of Hess Midstream Partners from a hold rating to a buy rating and set a $23.00 price target on the stock in a research note on Wednesday, June 27th. Morgan Stanley boosted their price target on shares of Hess Midstream Partners from $24.00 to $25.00 and gave the stock an overweight rating in a research note on Friday, August 17th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of Hold and an average target price of $26.75.

Shares of HESM stock opened at $22.34 on Tuesday. The firm has a market capitalization of $614.73 million, a price-to-earnings ratio of 19.58, a P/E/G ratio of 1.37 and a beta of 1.99. Hess Midstream Partners has a 52 week low of $18.32 and a 52 week high of $24.51.

Hess Midstream Partners (NYSE:HESM) last announced its quarterly earnings results on Wednesday, July 25th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.30 by $0.02. The business had revenue of $164.70 million for the quarter, compared to analysts’ expectations of $159.10 million. Hess Midstream Partners had a net margin of 10.34% and a return on equity of 2.48%. equities analysts forecast that Hess Midstream Partners will post 1.27 earnings per share for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Franklin Square Holdings L.P. raised its position in shares of Hess Midstream Partners by 16.6% during the 1st quarter. Franklin Square Holdings L.P. now owns 28,690 shares of the company’s stock valued at $546,000 after buying an additional 4,080 shares in the last quarter. GSA Capital Partners LLP raised its position in shares of Hess Midstream Partners by 83.9% during the 1st quarter. GSA Capital Partners LLP now owns 25,943 shares of the company’s stock valued at $494,000 after buying an additional 11,836 shares in the last quarter. Spirit of America Management Corp NY raised its position in shares of Hess Midstream Partners by 4.9% during the 2nd quarter. Spirit of America Management Corp NY now owns 260,035 shares of the company’s stock valued at $5,123,000 after buying an additional 12,200 shares in the last quarter. Tower Research Capital LLC TRC purchased a new stake in shares of Hess Midstream Partners during the 2nd quarter valued at about $244,000. Finally, Advisors Asset Management Inc. raised its position in shares of Hess Midstream Partners by 83.5% during the 2nd quarter. Advisors Asset Management Inc. now owns 29,255 shares of the company’s stock valued at $576,000 after buying an additional 13,315 shares in the last quarter. Hedge funds and other institutional investors own 51.29% of the company’s stock.

Hess Midstream Partners Company Profile

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: Asset Allocation, Balancing Your Investments

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