Hess Midstream (NYSE:HESM - Get Free Report) had its price objective increased by stock analysts at JPMorgan Chase & Co. from $39.00 to $44.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s target price would indicate a potential upside of 4.42% from the stock's current price.
HESM has been the topic of a number of other research reports. Citigroup upped their target price on Hess Midstream from $41.00 to $44.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Raymond James upped their price objective 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, Wells Fargo & Company lifted their target price on shares of Hess Midstream from $40.00 to $42.00 and gave the company an "equal weight" rating in a report on Tuesday, February 4th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $43.00.
Read Our Latest Stock Report on Hess Midstream
Hess Midstream Stock Performance
HESM traded down $0.36 during trading on Thursday, reaching $42.14. 259,640 shares of the company's stock were exchanged, compared to its average volume of 968,194. 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 1 year low of $32.75 and a 1 year high of $44.05. The company's fifty day simple moving average is $41.16 and its 200-day simple moving average is $38.07. The stock has a market capitalization of $9.19 billion, a P/E ratio of 16.91 and a beta of 1.48.
Hess Midstream (NYSE:HESM - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The company reported $0.68 earnings per share for the quarter, topping analysts' consensus estimates of $0.65 by $0.03. Hess Midstream had a net margin of 14.92% and a return on equity of 54.59%. As a group, research analysts predict that Hess Midstream will post 2.5 earnings per share for the current fiscal year.
Insider Activity
In related news, major shareholder Blackrock Portfolio Management sold 11,000,000 shares of the company's stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $39.11, for a total transaction of $430,210,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Institutional Investors Weigh In On Hess Midstream
Several large investors have recently bought and sold shares of the company. Steward Partners Investment Advisory LLC lifted its position in shares of Hess Midstream by 77.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,329 shares of the company's stock valued at $49,000 after acquiring an additional 579 shares in the last quarter. US Bancorp DE raised its stake in Hess Midstream by 34.0% in the 4th quarter. US Bancorp DE now owns 2,010 shares of the company's stock valued at $74,000 after purchasing an additional 510 shares during the last quarter. Millburn Ridgefield Corp purchased a new position in Hess Midstream in the 3rd quarter valued at $100,000. IFP Advisors Inc boosted its stake in Hess Midstream by 33.3% during the 4th quarter. IFP Advisors Inc now owns 2,934 shares of the company's stock worth $109,000 after purchasing an additional 733 shares during the last quarter. Finally, Icon Wealth Advisors LLC boosted its stake in Hess Midstream by 11.1% during the 3rd quarter. Icon Wealth Advisors LLC now owns 3,288 shares of the company's stock worth $116,000 after purchasing an additional 329 shares during the last quarter. 98.97% of the stock is currently owned by hedge funds and other institutional investors.
About Hess Midstream
(
Get Free Report)
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.
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