Wall Street analysts expect Hess Midstream Partners LP (NYSE:HESM) to report sales of $180.00 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Hess Midstream Partners’ earnings. The highest sales estimate is $182.90 million and the lowest is $177.10 million. Hess Midstream Partners reported sales of $164.70 million in the same quarter last year, which indicates a positive year-over-year growth rate of 9.3%. The firm is expected to report its next earnings results on Wednesday, July 24th.

On average, analysts expect that Hess Midstream Partners will report full year sales of $759.95 million for the current fiscal year, with estimates ranging from $744.40 million to $775.50 million. For the next year, analysts anticipate that the firm will report sales of $874.65 million, with estimates ranging from $827.40 million to $921.90 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that cover Hess Midstream Partners.

Hess Midstream Partners (NYSE:HESM) last posted its earnings results on Thursday, April 25th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.01). Hess Midstream Partners had a net margin of 10.43% and a return on equity of 2.62%. The company had revenue of $174.20 million during the quarter, compared to analysts’ expectations of $172.85 million.

Several equities research analysts have weighed in on HESM shares. Zacks Investment Research raised Hess Midstream Partners from a “sell” rating to a “hold” rating in a report on Friday, June 7th. Mitsubishi UFJ Financial Group reissued an “overweight” rating on shares of Hess Midstream Partners in a report on Thursday, April 25th. Wells Fargo & Co reissued a “market perform” rating and issued a $24.00 price target (down previously from $27.00) on shares of Hess Midstream Partners in a report on Tuesday, March 19th. Finally, JPMorgan Chase & Co. downgraded Hess Midstream Partners from an “overweight” rating to a “neutral” rating and set a $27.00 price target for the company. in a report on Tuesday, March 12th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $25.33.

Hedge funds and other institutional investors have recently modified their holdings of the business. Kayne Anderson Capital Advisors LP boosted its holdings in Hess Midstream Partners by 38.5% in the fourth quarter. Kayne Anderson Capital Advisors LP now owns 988,404 shares of the company’s stock worth $16,772,000 after acquiring an additional 274,810 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in Hess Midstream Partners by 6.7% in the fourth quarter. Acadian Asset Management LLC now owns 145,306 shares of the company’s stock worth $2,468,000 after acquiring an additional 9,081 shares in the last quarter. First Trust Advisors LP acquired a new stake in Hess Midstream Partners in the fourth quarter worth about $413,000. Chiron Investment Management LLC lifted its holdings in shares of Hess Midstream Partners by 27.3% during the fourth quarter. Chiron Investment Management LLC now owns 11,177 shares of the company’s stock worth $190,000 after purchasing an additional 2,400 shares during the period. Finally, Duff & Phelps Investment Management Co. lifted its holdings in shares of Hess Midstream Partners by 0.5% during the fourth quarter. Duff & Phelps Investment Management Co. now owns 223,061 shares of the company’s stock worth $3,788,000 after purchasing an additional 1,200 shares during the period. 48.27% of the stock is owned by institutional investors and hedge funds.

HESM traded down $0.25 on Friday, hitting $19.10. The company had a trading volume of 1,134,800 shares, compared to its average volume of 91,340. Hess Midstream Partners has a 12-month low of $16.17 and a 12-month high of $24.51. The firm has a market capitalization of $522.19 million, a PE ratio of 15.04, a price-to-earnings-growth ratio of 1.25 and a beta of 1.58.

About Hess Midstream Partners

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 is involved in the natural gas and crude oil gathering and compression activities located primarily in McKenzie, Williams and Mountrail Counties, and North Dakota.

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Earnings History and Estimates for Hess Midstream Partners (NYSE:HESM)

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