Hess Midstream Partners LP (HESM) To Go Ex-Dividend on November 2nd
Hess Midstream Partners LP (NASDAQ:HESM) declared a quarterly dividend on Wednesday, October 25th, Wall Street Journal reports. Investors of record on Friday, November 3rd will be given a dividend of 0.3107 per share on Monday, November 13th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 6.26%. The ex-dividend date of this dividend is Thursday, November 2nd.
Hess Midstream Partners (NASDAQ HESM) opened at 19.86 on Wednesday. The stock has a market cap of $1.08 billion and a PE ratio of 8.30. Hess Midstream Partners has a 52-week low of $18.33 and a 52-week high of $26.78. The company’s 50 day moving average is $21.67 and its 200-day moving average is $22.01.
Hess Midstream Partners (NASDAQ:HESM) last released its quarterly earnings data on Thursday, October 26th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.03. Hess Midstream Partners had a net margin of 49.24% and a return on equity of 3.23%. The company had revenue of $146.70 million during the quarter, compared to analyst estimates of $116.27 million. On average, equities analysts anticipate that Hess Midstream Partners will post $0.89 earnings per share for the current year.
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HESM has been the subject of several recent research reports. Morgan Stanley increased their price objective on shares of Hess Midstream Partners from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Friday, July 14th. Zacks Investment Research raised 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 report on Tuesday, July 18th. Scotiabank set a $31.00 price objective on shares of Hess Midstream Partners and gave the stock a “buy” rating in a research report on Saturday, July 22nd. Citigroup Inc. raised shares of Hess Midstream Partners from a “neutral” rating to a “buy” rating and dropped their price objective for the stock from $28.00 to $25.00 in a research report on Friday, August 11th. Finally, BidaskClub raised shares of Hess Midstream Partners from a “strong sell” rating to a “sell” rating in a research report on Friday, September 1st. One analyst has rated the stock with a sell rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $27.83.
Hess Midstream Partners Company Profile
Hess Midstream Partners LP is a fee-based, traditional master limited partnership formed to own, operate, develop and acquire a set of midstream assets to provide services to Hess and third-party crude oil and natural gas producers. The Company’s assets are primarily located in the Bakken and Three Forks shale plays in the Williston Basin area of North Dakota (collectively referred as the Bakken).
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