Shares of Hess Midstream Partners LP (NYSE:HESM) have been given a consensus recommendation of “Buy” by the seven brokerages that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $28.80.

A number of brokerages have weighed in on HESM. BidaskClub upgraded shares of Hess Midstream Partners from a “strong sell” rating to a “sell” rating in a research note on Tuesday, November 7th. Zacks Investment Research lowered shares of Hess Midstream Partners from a “hold” rating to a “sell” rating in a research note on Wednesday, September 27th. Finally, Scotiabank set a $31.00 target price on shares of Hess Midstream Partners and gave the company a “buy” rating in a research note on Monday, December 4th.

A number of institutional investors and hedge funds have recently made changes to their positions in HESM. GSA Capital Partners LLP bought a new stake in shares of Hess Midstream Partners during the 3rd quarter valued at $292,000. Cohen & Steers Inc. grew its position in shares of Hess Midstream Partners by 29.0% during the 3rd quarter. Cohen & Steers Inc. now owns 1,727,200 shares of the company’s stock valued at $37,947,000 after acquiring an additional 388,552 shares during the period. AMP Capital Investors Ltd grew its position in shares of Hess Midstream Partners by 33.8% during the 3rd quarter. AMP Capital Investors Ltd now owns 27,465 shares of the company’s stock valued at $603,000 after acquiring an additional 6,932 shares during the period. HITE Hedge Asset Management LLC bought a new stake in shares of Hess Midstream Partners during the 3rd quarter valued at $2,211,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of Hess Midstream Partners by 2.7% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 291,164 shares of the company’s stock valued at $6,397,000 after acquiring an additional 7,548 shares during the period. Institutional investors and hedge funds own 57.16% of the company’s stock.

Shares of Hess Midstream Partners (HESM) traded down $0.09 during midday trading on Monday, reaching $21.21. 122,865 shares of the company were exchanged, compared to its average volume of 96,588. Hess Midstream Partners has a 52 week low of $18.32 and a 52 week high of $26.78.

Hess Midstream Partners (NYSE:HESM) last announced its quarterly earnings data on Thursday, October 26th. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03. Hess Midstream Partners had a net margin of 28.19% and a return on equity of 6.64%. The company had revenue of $146.70 million during the quarter, compared to analyst estimates of $116.27 million. analysts anticipate that Hess Midstream Partners will post 1.01 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: This piece was originally reported by Marea Informative and is the property of of Marea Informative. If you are reading this piece on another publication, it was stolen and republished in violation of U.S. & international trademark & copyright laws. The correct version of this piece can be viewed at https://www.mareainformativa.com/2018/01/29/hess-midstream-partners-lp-hesm-receives-consensus-rating-of-buy-from-brokerages-updated-updated-updated.html.

Hess Midstream Partners Company Profile

Hess Midstream Partners LP is a fee-based, traditional master limited partnership formed to own, operate, develop and acquire a set of midstream assets to provide services to Hess and third-party crude oil and natural gas producers. The Company’s assets are primarily located in the Bakken and Three Forks shale plays in the Williston Basin area of North Dakota (collectively referred as the Bakken).

Analyst Recommendations for Hess Midstream Partners (NYSE:HESM)

Receive News & Ratings for Hess Midstream Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hess Midstream Partners and related companies with MarketBeat.com's FREE daily email newsletter.