$172.85 Million in Sales Expected for Hess Midstream Partners LP (HESM) This Quarter

Brokerages expect Hess Midstream Partners LP (NYSE:HESM) to announce sales of $172.85 million for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Hess Midstream Partners’ earnings, with the lowest sales estimate coming in at $168.30 million and the highest estimate coming in at $177.40 million. Hess Midstream Partners posted sales of $157.00 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 10.1%. The firm is scheduled to announce its next earnings report on Wednesday, April 24th.

According to Zacks, analysts expect that Hess Midstream Partners will report full year sales of $756.10 million for the current financial year, with estimates ranging from $736.30 million to $775.90 million. For the next fiscal year, analysts anticipate that the business will post sales of $873.15 million, with estimates ranging from $827.90 million to $918.40 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Hess Midstream Partners.

Hess Midstream Partners (NYSE:HESM) last released its earnings results on Wednesday, January 30th. The company reported $0.31 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.01). Hess Midstream Partners had a return on equity of 2.65% and a net margin of 10.54%. The firm had revenue of $171.20 million during the quarter, compared to analyst estimates of $171.85 million.

A number of equities research analysts have commented on the company. Zacks Investment Research upgraded Hess Midstream Partners from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research report on Saturday, November 3rd. Morgan Stanley cut their price target on shares of Hess Midstream Partners from $25.00 to $24.00 and set an “overweight” rating for the company in a report on Friday, November 30th. Finally, Credit Suisse Group set a $27.00 price target on shares of Hess Midstream Partners and gave the company a “buy” rating in a report on Friday, December 14th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Hess Midstream Partners presently has an average rating of “Buy” and an average target price of $25.25.

In other Hess Midstream Partners news, COO John A. Gatling bought 12,000 shares of the stock in a transaction dated Wednesday, December 26th. The stock was bought at an average cost of $16.90 per share, for a total transaction of $202,800.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

A number of institutional investors have recently bought and sold shares of HESM. Jane Street Group LLC bought a new position in Hess Midstream Partners during the fourth quarter worth about $183,000. Barclays PLC bought a new position in shares of Hess Midstream Partners during the 4th quarter valued at about $178,000. Chiron Investment Management LLC lifted its holdings in shares of Hess Midstream Partners by 27.3% during the 4th quarter. Chiron Investment Management LLC now owns 11,177 shares of the company’s stock valued at $190,000 after purchasing an additional 2,400 shares in the last quarter. GoodHaven Capital Management LLC lifted its holdings in shares of Hess Midstream Partners by 32.5% during the 4th quarter. GoodHaven Capital Management LLC now owns 59,145 shares of the company’s stock valued at $1,004,000 after purchasing an additional 14,523 shares in the last quarter. Finally, Tortoise Index Solutions LLC lifted its holdings in shares of Hess Midstream Partners by 113.9% during the 4th quarter. Tortoise Index Solutions LLC now owns 5,417 shares of the company’s stock valued at $92,000 after purchasing an additional 2,885 shares in the last quarter. Institutional investors and hedge funds own 51.07% of the company’s stock.

Shares of NYSE:HESM traded up $0.37 during trading hours on Thursday, reaching $22.19. The stock had a trading volume of 71,126 shares, compared to its average volume of 85,795. Hess Midstream Partners has a 1 year low of $16.17 and a 1 year high of $24.51. The company has a market cap of $605.79 million, a PE ratio of 17.47, a P/E/G ratio of 1.37 and a beta of 1.62.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 13th. Shareholders of record on Monday, February 4th were paid a dividend of $0.3701 per share. This is a positive change from Hess Midstream Partners’s previous quarterly dividend of $0.36. This represents a $1.48 annualized dividend and a yield of 6.67%. The ex-dividend date of this dividend was Friday, February 1st. Hess Midstream Partners’s dividend payout ratio is currently 116.54%.

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

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