Hess Midstream Partners (NYSE:HESM) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

According to Zacks, “Hess Midstream Partners LP is a master limited partnership company. It 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 operating segments consists of gathering; processing and storage and terminaling and export. Hess Midstream Partners LP is based in Houston, United States. “

A number of other research analysts have also recently issued reports on HESM. Credit Suisse Group set a $27.00 price target on shares of Hess Midstream Partners and gave the company a “buy” rating in a research report on Friday, December 14th. JPMorgan Chase & Co. cut shares of Hess Midstream Partners from an “overweight” rating to a “neutral” rating and set a $27.00 price target for the company. in a research report on Tuesday. Finally, Morgan Stanley lowered 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 research report on Friday, November 30th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $25.60.

Shares of NYSE:HESM traded up $0.15 on Thursday, hitting $22.65. The company had a trading volume of 68,192 shares, compared to its average volume of 94,212. Hess Midstream Partners has a 1 year low of $16.17 and a 1 year high of $24.51. The stock has a market cap of $614.46 million, a price-to-earnings ratio of 17.83, a P/E/G ratio of 1.44 and a beta of 1.63.

Hess Midstream Partners (NYSE:HESM) last posted 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 2.63% and a net margin of 10.54%. The company had revenue of $171.20 million during the quarter, compared to analysts’ expectations of $171.85 million. On average, equities research analysts expect that Hess Midstream Partners will post 1.42 earnings per share for the current fiscal year.

In other news, COO John A. Gatling bought 12,000 shares of the firm’s stock in a transaction on Wednesday, December 26th. The stock was acquired at an average cost of $16.90 per share, with a total value of $202,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jonathan C. Stein sold 1,381 shares of Hess Midstream Partners stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $22.63, for a total transaction of $31,252.03. The disclosure for this sale can be found here.

A number of institutional investors have recently modified their holdings of the business. Duff & Phelps Investment Management Co. raised its holdings in Hess Midstream Partners by 0.5% in the fourth quarter. Duff & Phelps Investment Management Co. now owns 223,061 shares of the company’s stock worth $3,788,000 after buying an additional 1,200 shares during the last quarter. Bank of Montreal Can purchased a new position in Hess Midstream Partners in the fourth quarter worth about $36,000. Chiron Investment Management LLC raised its holdings in Hess Midstream Partners by 27.3% in the fourth quarter. Chiron Investment Management LLC now owns 11,177 shares of the company’s stock worth $190,000 after buying an additional 2,400 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Hess Midstream Partners by 0.8% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 335,962 shares of the company’s stock worth $7,663,000 after buying an additional 2,730 shares during the last quarter. Finally, Franklin Square Holdings L.P. raised its holdings in Hess Midstream Partners by 7.9% in the third quarter. Franklin Square Holdings L.P. now owns 38,490 shares of the company’s stock worth $891,000 after buying an additional 2,815 shares during the last quarter. 49.55% of the stock is owned by institutional investors and hedge funds.

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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