Hess Midstream (HESM) Projected to Post Earnings on Wednesday

Hess Midstream (NYSE:HESM - Get Free Report) is projected to announce its earnings results before the market opens on Wednesday, January 29th. Analysts expect the company to announce earnings of $0.65 per share and revenue of $392,130.00 billion for the quarter. Parties that wish to register for the company's conference call can do so using this link.

Hess Midstream (NYSE:HESM - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.63 earnings per share for the quarter, beating analysts' consensus estimates of $0.58 by $0.05. The business had revenue of $378.50 million for the quarter, compared to the consensus estimate of $376.98 million. Hess Midstream had a return on equity of 47.87% and a net margin of 13.06%. Hess Midstream's revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.57 earnings per share. On average, analysts expect Hess Midstream to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Hess Midstream Stock Down 0.7 %

Hess Midstream stock traded down $0.31 during mid-day trading on Wednesday, hitting $40.78. The company's stock had a trading volume of 1,220,229 shares, compared to its average volume of 843,702. The company has a debt-to-equity ratio of 7.85, a current ratio of 0.70 and a quick ratio of 0.70. Hess Midstream has a 52-week low of $32.15 and a 52-week high of $41.61. The firm's 50 day moving average is $37.39 and its 200 day moving average is $36.64. The company has a market cap of $8.89 billion, a PE ratio of 17.28 and a beta of 1.52.

Hess Midstream Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Thursday, November 7th were given a dividend of $0.6846 per share. The ex-dividend date of this dividend was Thursday, November 7th. This is an increase from Hess Midstream's previous quarterly dividend of $0.67. This represents a $2.74 dividend on an annualized basis and a yield of 6.72%. Hess Midstream's payout ratio is presently 116.10%.

Insiders Place Their Bets

In related news, CFO Jonathan C. Stein sold 7,923 shares of the firm's stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $35.32, for a total transaction of $279,840.36. Following the transaction, the chief financial officer now owns 59,945 shares of the company's stock, valued at approximately $2,117,257.40. This trade represents a 11.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Hess Midstream Company Profile

Hess Midstream LP owns, develops, operates, and acquires midstream assets and provide fee-based 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 owns natural gas gathering and compression systems; crude oil gathering systems; and produced water gathering and disposal facilities.