Hess Midstream Partners LP (HESM) Expected to Post Quarterly Sales of $171.85 Million
Equities research analysts predict that Hess Midstream Partners LP (NYSE:HESM) will report $171.85 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Hess Midstream Partners’ earnings, with the highest sales estimate coming in at $176.00 million and the lowest estimate coming in at $167.70 million. Hess Midstream Partners posted sales of $150.50 million in the same quarter last year, which would indicate a positive year over year growth rate of 14.2%. The company is scheduled to announce its next earnings results on Monday, February 4th.
On average, analysts expect that Hess Midstream Partners will report full-year sales of $660.39 million for the current fiscal year, with estimates ranging from $655.07 million to $667.20 million. For the next fiscal year, analysts anticipate that the business will post sales of $748.44 million, with estimates ranging from $681.10 million to $820.60 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Hess Midstream Partners.
Hess Midstream Partners (NYSE:HESM) last posted its quarterly earnings results on Wednesday, October 31st. The company reported $0.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.02. Hess Midstream Partners had a net margin of 10.53% and a return on equity of 2.58%. The business had revenue of $169.50 million for the quarter, compared to analysts’ expectations of $169.15 million.
Shares of NYSE:HESM traded down $0.73 on Tuesday, reaching $19.61. 45,700 shares of the company were exchanged, compared to its average volume of 86,507. Hess Midstream Partners has a 1-year low of $18.32 and a 1-year high of $24.51. The stock has a market cap of $562.32 million, a PE ratio of 16.89, a price-to-earnings-growth ratio of 1.47 and a beta of 1.17.
The business also recently declared a quarterly dividend, which was paid on Tuesday, November 13th. Stockholders of record on Monday, November 5th were paid a dividend of $0.3575 per share. The ex-dividend date of this dividend was Friday, November 2nd. This is a boost from Hess Midstream Partners’s previous quarterly dividend of $0.35. This represents a $1.43 dividend on an annualized basis and a dividend yield of 7.29%.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Hess Midstream Partners by 0.8% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 335,962 shares of the company’s stock valued at $7,663,000 after acquiring an additional 2,730 shares during the last quarter. Franklin Square Holdings L.P. grew its stake in Hess Midstream Partners by 7.9% in the 3rd quarter. Franklin Square Holdings L.P. now owns 38,490 shares of the company’s stock valued at $891,000 after acquiring an additional 2,815 shares during the last quarter. Wells Fargo & Company MN grew its stake in Hess Midstream Partners by 3.6% in the 3rd quarter. Wells Fargo & Company MN now owns 240,622 shares of the company’s stock valued at $5,489,000 after acquiring an additional 8,283 shares during the last quarter. BP Capital Fund Advisors LLC grew its stake in Hess Midstream Partners by 7.4% in the 3rd quarter. BP Capital Fund Advisors LLC now owns 126,693 shares of the company’s stock valued at $2,842,000 after acquiring an additional 8,700 shares during the last quarter. Finally, Tower Research Capital LLC TRC acquired a new stake in Hess Midstream Partners in the 2nd quarter valued at about $244,000. 52.22% of the stock is currently owned by hedge funds and other institutional investors.
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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