Shares of Hess Midstream Partners LP (NYSE:HESM) have been assigned a consensus recommendation of “Buy” from the seven research firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $27.75.

Several research firms have commented on HESM. Zacks Investment Research upgraded shares of Hess Midstream Partners from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research note on Wednesday, June 27th. Credit Suisse Group started coverage on shares of Hess Midstream Partners in a research report on Thursday. They set an “outperform” rating and a $29.00 target price for the company. TheStreet raised shares of Hess Midstream Partners from a “d+” rating to a “c” rating in a report on Tuesday, September 11th. Finally, Morgan Stanley raised their price objective on shares of Hess Midstream Partners from $24.00 to $25.00 and gave the stock an “overweight” rating in a report on Friday, August 17th.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC bought a new position in Hess Midstream Partners in the 2nd quarter valued at $244,000. Avalon Advisors LLC bought a new position in Hess Midstream Partners in the 1st quarter valued at $268,000. BlackRock Inc. boosted its holdings in Hess Midstream Partners by 116,337.5% in the 2nd quarter. BlackRock Inc. now owns 18,630 shares of the company’s stock valued at $367,000 after purchasing an additional 18,614 shares during the period. Penbrook Management LLC bought a new position in Hess Midstream Partners in the 2nd quarter valued at $404,000. Finally, ELCO Management Co. LLC bought a new position in Hess Midstream Partners in the 2nd quarter valued at $422,000. 51.29% of the stock is owned by institutional investors.

HESM traded up $0.45 during trading on Monday, reaching $22.65. 156,425 shares of the stock traded hands, compared to its average volume of 90,942. The stock has a market capitalization of $622.65 million, a P/E ratio of 19.83, a price-to-earnings-growth ratio of 1.38 and a beta of 1.96. Hess Midstream Partners has a 12 month low of $18.32 and a 12 month high of $24.51.

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

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.

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