Wall Street brokerages predict that Hess Midstream Partners LP (NYSE:HESM) will post sales of $180.00 million for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Hess Midstream Partners’ earnings, with the highest sales estimate coming in at $182.90 million and the lowest estimate coming in at $177.10 million. Hess Midstream Partners posted sales of $164.70 million during the same quarter last year, which would suggest a positive year over year growth rate of 9.3%. The business is scheduled to issue its next quarterly earnings results on Wednesday, July 24th.

On average, analysts expect that Hess Midstream Partners will report full year sales of $759.95 million for the current financial year, with estimates ranging from $744.40 million to $775.50 million. For the next fiscal year, analysts expect that the business will report sales of $874.65 million, with estimates ranging from $827.40 million to $921.90 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Hess Midstream Partners.

Hess Midstream Partners (NYSE:HESM) last released its quarterly earnings results on Thursday, April 25th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.01). The business had revenue of $174.20 million during the quarter, compared to analyst estimates of $172.85 million. Hess Midstream Partners had a net margin of 10.43% and a return on equity of 2.62%.

HESM has been the topic of several research reports. JPMorgan Chase & Co. lowered shares of Hess Midstream Partners from an “overweight” rating to a “neutral” rating and set a $27.00 price target on the stock. in a research report on Tuesday, March 12th. Wells Fargo & Co reiterated a “market perform” rating and issued a $24.00 price target (down from $27.00) on shares of Hess Midstream Partners in a research report on Tuesday, March 19th. Zacks Investment Research upgraded shares of Hess Midstream Partners from a “sell” rating to a “hold” rating in a research report on Saturday, March 2nd. Finally, Mitsubishi UFJ Financial Group reiterated an “overweight” rating on shares of Hess Midstream Partners in a research report on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $25.33.

Shares of HESM stock traded down $0.51 during trading hours on Thursday, hitting $20.10. The company’s stock had a trading volume of 61,237 shares, compared to its average volume of 73,084. The firm has a market capitalization of $563.48 million, a PE ratio of 15.83, a P/E/G ratio of 1.32 and a beta of 1.60. Hess Midstream Partners has a twelve month low of $16.17 and a twelve month high of $24.51.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 14th. Investors of record on Friday, May 3rd were paid a dividend of $0.3833 per share. This is an increase from Hess Midstream Partners’s previous quarterly dividend of $0.37. The ex-dividend date was Thursday, May 2nd. This represents a $1.53 annualized dividend and a dividend yield of 7.63%. Hess Midstream Partners’s dividend payout ratio is presently 120.47%.

In related news, CFO Jonathan C. Stein sold 1,381 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $22.63, for a total transaction of $31,252.03. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders have sold 2,714 shares of company stock worth $60,318 in the last three months.

Several institutional investors and hedge funds have recently made changes to their positions in HESM. Kayne Anderson Capital Advisors LP lifted its stake in shares of Hess Midstream Partners by 38.5% during the fourth quarter. Kayne Anderson Capital Advisors LP now owns 988,404 shares of the company’s stock valued at $16,772,000 after buying an additional 274,810 shares during the period. Morgan Stanley raised its stake in Hess Midstream Partners by 27.1% during the first quarter. Morgan Stanley now owns 914,371 shares of the company’s stock worth $19,385,000 after purchasing an additional 194,876 shares during the period. FMR LLC raised its stake in Hess Midstream Partners by 7.7% during the first quarter. FMR LLC now owns 1,820,423 shares of the company’s stock worth $38,593,000 after purchasing an additional 129,407 shares during the period. Natixis purchased a new position in Hess Midstream Partners during the first quarter worth approximately $922,000. Finally, Citigroup Inc. raised its stake in Hess Midstream Partners by 77.4% during the fourth quarter. Citigroup Inc. now owns 88,462 shares of the company’s stock worth $1,502,000 after purchasing an additional 38,597 shares during the period. 49.23% of the stock is currently 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 is involved in the natural gas and crude oil gathering and compression activities 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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