Hess Midstream (HESM) Stock Price, News & Analysis

Company Overview

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. Its gathering systems consists of approximately 1,410 miles of high and low pressure natural gas and natural gas liquids gathering pipelines with capacity of approximately 660 million cubic feet per day; crude oil gathering system comprises approximately 570 miles of crude oil gathering pipelines; and produced water gathering system that includes approximately 300 miles of pipelines in gathering systems. The Processing and Storage segment comprises Tioga Gas Plant, a natural gas processing and fractionation plant located in Tioga, North Dakota; a 50% interest in the Little Missouri 4 gas processing plant located in south of the Missouri River in McKenzie County, North Dakota; and Mentor Storage Terminal, a propane storage cavern and rail, and truck loading and unloading facility located in Mentor, Minnesota. The Terminaling and Export segment owns Ramberg terminal facility; Tioga rail terminal; crude oil rail cars; and other Dakota access pipeline connections, as well as Johnson's Corner Header System, a crude oil pipeline header system. Hess Midstream LP was founded in 2014 and is based in Houston, Texas.

Key Stats

• Today's Range: $36.58 to $37.09
• 50-Day Range: $34.19 to $37.18
• 52-Week Range: $30.08 to $39.11
• Volume: 781,912 shs
• Average Volume: 773,888 shs
• Market Capitalization: $8.02 billion
• P/E Ratio: 15.58
• Dividend Yield: 7.45%
• Price Target: $38.67
• Consensus Rating: Hold

Hess Midstream Stock Analysis - MarketRank™

Hess Midstream scored higher than 37% of companies evaluated by MarketBeat, and ranked 188th out of 264 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.2 / 5
• Analyst Rating: Hold

Consensus Rating

Hess Midstream has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Hess Midstream has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 12.24%

Earnings Growth

Earnings for Hess Midstream are expected to grow by 12.24% in the coming year, from $2.45 to $2.75 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Hess Midstream is 15.58, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.45.

Price to Earnings Ratio vs. Sector

The P/E ratio of Hess Midstream is 15.58, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 12.59.

Price to Book Value per Share Ratio

Hess Midstream has a P/B Ratio of 18.12. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

2.06% of the outstanding shares of Hess Midstream have been sold short.

Short Interest Ratio / Days to Cover

Hess Midstream has a short interest ratio ("days to cover") of 5.2.

Change versus previous month

Short interest in Hess Midstream has recently increased by 6.64%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Hess Midstream is a leading dividend payer. It pays a dividend yield of 7.44%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Hess Midstream does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Hess Midstream is 116.10%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on EPS estimates, Hess Midstream will have a dividend payout ratio of 99.64% in the coming year. This indicates that Hess Midstream may not be able to sustain their current dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

2.06% of the outstanding shares of Hess Midstream have been sold short.

Short Interest Ratio / Days to Cover

Hess Midstream has a short interest ratio ("days to cover") of 5.2.

Change versus previous month

Short interest in Hess Midstream has recently increased by 6.64%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.6 / 5
• News Sentiment: 1.69

News Sentiment

Hess Midstream has a news sentiment score of 1.69. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.80 average news sentiment score of Oils/Energy companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for Hess Midstream this week, compared to 4 articles on an average week.

Search Interest

Only 12 people have searched for HESM on MarketBeat in the last 30 days. This is a decrease of -8% compared to the previous 30 days.

MarketBeat Follows

Only 4 people have added Hess Midstream to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Hess Midstream insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $444,547,840.00 in company stock.

Percentage Held by Institutions

92.41% of the stock of Hess Midstream is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

HESM Stock Analysis - Frequently Asked Questions

How have HESM shares performed this year?

Hess Midstream's stock was trading at $31.63 at the start of the year. Since then, HESM shares have increased by 16.3% and is now trading at $36.78.
View the best growth stocks for 2024 here.

How were Hess Midstream's earnings last quarter?

Hess Midstream LP (NYSE:HESM) posted its quarterly earnings data on Wednesday, October, 30th. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.58 by $0.05. The company's revenue was up 4.2% on a year-over-year basis.

When did Hess Midstream IPO?

Hess Midstream (HESM) raised $250 million in an IPO on Wednesday, April 5th 2017. The company issued 12,500,000 shares at $19.00-$21.00 per share. Goldman Sachs, Morgan Stanley, Citigroup, J.P. Morgan, MUFG and Wells Fargo Securities served as the underwriters for the IPO and ING, Scotia, Howard Weil, SMBC Nikko, Barclays, HSBC and TD Securities were co-managers.

Who are Hess Midstream's major shareholders?

Hess Midstream's top institutional investors include Kayne Anderson Capital Advisors LP (1.20%), CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT (0.59%), Yaupon Capital Management LP (0.57%) and Brookfield Corp ON (0.50%). Insiders that own company stock include Jonathan C Stein, John A Gatling, Corp Hess and Infrastructure Investor Global.
View institutional ownership trends.

How do I buy shares of Hess Midstream?

Shares of HESM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Hess Midstream own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Hess Midstream investors own include NVIDIA (NVDA), Broadcom (AVGO), Meta Platforms (META), Arista Networks (ANET), Adobe (ADBE), Jabil (JBL) and e.l.f. Beauty (ELF).

Company Calendar

• Last Earnings: 10/30/2024
• Ex-Dividend for 11/14 Dividend: 11/07/2024
• Dividend Payable: 11/14/2024
• Today: 11/24/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 1/29/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Oils/Energy
• Industry: Crude petroleum & natural gas
• Sub-Industry: Petroleum And Natural Gas
• Current Symbol: NYSE:HESM
• Previous Symbol: NASDAQ:HESM
• CUSIP: N/A
• CIK: 1619739
• Web: www.hessmidstream.com
• Phone: (713) 496-4200
• Fax: N/A
• Employees: 200
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $38.67
• High Stock Price Target: $40.00
• Low Stock Price Target: $37.00
• Potential Upside/Downside: +5.1%
• Consensus Rating: Hold
• Rating Score (0-4): 2.33
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.36
• Trailing P/E Ratio: 15.58
• Forward P/E Ratio: 15.01
• P/E Growth: N/A
• Net Income: $118.60 million
• Net Margins: 13.06%
• Pretax Margin: 48.13%
• Return on Equity: 47.87%
• Return on Assets: 4.80%

Debt

• Debt-to-Equity Ratio: 7.85
• Current Ratio: 0.70
• Quick Ratio: 0.70

Sales & Book Value

• Annual Sales: $1.35 billion
• Price / Sales: 5.95
• Cash Flow: $1.41 per share
• Price / Cash Flow: 26.08
• Book Value: $2.03 per share
• Price / Book: 18.12

Miscellaneous

• Outstanding Shares: 218,000,000
• Free Float: N/A
• Market Cap: $8.02 billion
• Optionable: Optionable
• Beta: 1.51