Hess Midstream (HESM) Expected to Announce Earnings on Wednesday

Hess Midstream (NYSE:HESM - Get Free Report) is projected to announce its Q1 2025 earnings results before the market opens on Wednesday, April 30th. Analysts expect the company to announce earnings of $0.53 per share and revenue of $384.28 million for the quarter.

Hess Midstream (NYSE:HESM - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.03. Hess Midstream had a net margin of 14.92% and a return on equity of 54.59%. On average, analysts expect Hess Midstream to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Hess Midstream Price Performance

HESM traded down $0.99 during trading on Monday, reaching $36.54. The stock had a trading volume of 735,963 shares, compared to its average volume of 999,186. Hess Midstream has a 1-year low of $32.75 and a 1-year high of $44.05. The firm has a market capitalization of $7.97 billion, a price-to-earnings ratio of 14.67 and a beta of 1.14. The stock has a 50 day moving average of $40.06 and a two-hundred day moving average of $38.28. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 7.85.

Hess Midstream Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Thursday, February 6th were paid a dividend of $0.7012 per share. The ex-dividend date was Thursday, February 6th. This represents a $2.80 annualized dividend and a yield of 7.68%. This is a boost from Hess Midstream's previous quarterly dividend of $0.68. Hess Midstream's dividend payout ratio (DPR) is currently 112.45%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Hess Midstream from $39.00 to $44.00 and gave the stock a "neutral" rating in a research note on Thursday, March 27th. Wells Fargo & Company increased their price objective on Hess Midstream from $40.00 to $42.00 and gave the company an "equal weight" rating in a research report on Tuesday, February 4th. Raymond James boosted their target price on Hess Midstream from $42.00 to $45.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 28th. Finally, Citigroup increased their price target on Hess Midstream from $41.00 to $44.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $43.00.

Insider Activity

In other news, major shareholder Blackrock Portfolio Management sold 11,000,000 shares of the stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $39.11, for a total value of $430,210,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

About Hess Midstream

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.