Wall Street analysts predict that Hess Midstream Partners LP (NYSE:HESM) will post earnings of $0.33 per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Hess Midstream Partners’ earnings. The lowest EPS estimate is $0.32 and the highest is $0.34. Hess Midstream Partners posted earnings of $0.26 per share during the same quarter last year, which suggests a positive year over year growth rate of 26.9%. The business is expected to report its next quarterly earnings results on Monday, February 4th.

According to Zacks, analysts expect that Hess Midstream Partners will report full year earnings of $1.29 per share for the current financial year, with EPS estimates ranging from $1.28 to $1.30. For the next fiscal year, analysts anticipate that the company will report earnings of $1.49 per share, with EPS estimates ranging from $1.39 to $1.59. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Hess Midstream Partners.

Hess Midstream Partners (NYSE:HESM) last released its quarterly earnings data on Wednesday, October 31st. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.02. The firm had revenue of $169.50 million during the quarter, compared to the consensus estimate of $169.15 million. Hess Midstream Partners had a return on equity of 2.58% and a net margin of 10.53%.

A number of equities analysts have commented on HESM shares. Credit Suisse Group started coverage on shares of Hess Midstream Partners in a report on Thursday, October 11th. They issued an “outperform” rating and a $29.00 target price for the company. Citigroup boosted their target price on shares of Hess Midstream Partners from $25.00 to $26.00 and gave the stock a “buy” rating in a report on Tuesday, October 16th. Zacks Investment Research downgraded shares of Hess Midstream Partners from a “buy” rating to a “hold” rating in a report on Wednesday, August 29th. Morgan Stanley reduced their target price 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, TheStreet upgraded shares of Hess Midstream Partners from a “d+” rating to a “c” rating in a report on Tuesday, September 11th. Five research analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and an average price target of $25.80.

A number of institutional investors have recently made changes to their positions in HESM. Tower Research Capital LLC TRC purchased a new stake in shares of Hess Midstream Partners during the second quarter worth about $244,000. BlackRock Inc. grew its stake in shares of Hess Midstream Partners by 116,337.5% during the second quarter. BlackRock Inc. now owns 18,630 shares of the company’s stock worth $367,000 after acquiring an additional 18,614 shares during the last quarter. Castleark Management LLC purchased a new stake in shares of Hess Midstream Partners during the third quarter worth about $592,000. Advisors Asset Management Inc. grew its stake in shares of Hess Midstream Partners by 83.5% during the second quarter. Advisors Asset Management Inc. now owns 29,255 shares of the company’s stock worth $576,000 after acquiring an additional 13,315 shares during the last quarter. Finally, Franklin Square Holdings L.P. grew its stake 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 worth $703,000 after acquiring an additional 6,985 shares during the last quarter. Institutional investors and hedge funds own 51.04% of the company’s stock.

HESM stock opened at $19.45 on Tuesday. The stock has a market capitalization of $543.48 million, a P/E ratio of 16.32, a PEG ratio of 1.40 and a beta of 1.06. Hess Midstream Partners has a 1-year low of $18.51 and a 1-year high of $24.51.

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 13th. Shareholders of record on Monday, November 5th were issued a $0.3575 dividend. The ex-dividend date was Friday, November 2nd. This is an increase from Hess Midstream Partners’s previous quarterly dividend of $0.35. This represents a $1.43 dividend on an annualized basis and a yield of 7.35%.

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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