Analysts at Credit Suisse Group assumed coverage on shares of Hess Midstream Partners (NYSE:HESM) in a research note issued to investors on Thursday, The Fly reports. The brokerage set an “outperform” rating and a $29.00 price target on the stock. Credit Suisse Group’s target price indicates a potential upside of 30.28% from the company’s current price.

HESM has been the topic of several other reports. Zacks Investment Research upgraded Hess Midstream Partners from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research report on Tuesday, July 31st. Morgan Stanley lifted their price target on Hess Midstream Partners from $24.00 to $25.00 and gave the company an “overweight” rating in a research report on Friday, August 17th. Finally, TheStreet upgraded Hess Midstream Partners from a “d+” rating to a “c” rating in a research report on Tuesday, September 11th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. Hess Midstream Partners currently has a consensus rating of “Buy” and an average price target of $27.20.

Shares of HESM stock opened at $22.26 on Thursday. The company has a market capitalization of $622.65 million, a PE ratio of 19.83, a price-to-earnings-growth ratio of 1.38 and a beta of 1.96. Hess Midstream Partners has a fifty-two week low of $18.32 and a fifty-two week high of $24.51.

Hess Midstream Partners (NYSE:HESM) last released its quarterly earnings results on Wednesday, July 25th. The company reported $0.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.02. Hess Midstream Partners had a return on equity of 2.48% and a net margin of 10.34%. The company had revenue of $164.70 million for the quarter, compared to analyst estimates of $159.10 million. On average, equities research analysts anticipate that Hess Midstream Partners will post 1.27 earnings per share for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Franklin Square Holdings L.P. boosted its position in shares of Hess Midstream Partners by 24.3% during the second quarter. Franklin Square Holdings L.P. now owns 35,675 shares of the company’s stock valued at $703,000 after purchasing an additional 6,985 shares in the last quarter. Raymond James Financial Services Advisors Inc. bought a new stake in shares of Hess Midstream Partners during the second quarter valued at approximately $745,000. Acadian Asset Management LLC boosted its position in shares of Hess Midstream Partners by 150.3% during the second quarter. Acadian Asset Management LLC now owns 88,903 shares of the company’s stock valued at $1,752,000 after purchasing an additional 53,387 shares in the last quarter. Penbrook Management LLC bought a new stake in shares of Hess Midstream Partners during the second quarter valued at approximately $404,000. Finally, GSA Capital Partners LLP boosted its position in shares of Hess Midstream Partners by 352.5% during the second quarter. GSA Capital Partners LLP now owns 117,392 shares of the company’s stock valued at $2,313,000 after purchasing an additional 91,449 shares in the last quarter. Institutional investors own 51.29% of the company’s stock.

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 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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