Wall Street analysts forecast that Hess Midstream Partners LP (NYSE:HESM) will report $178.55 million in sales for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Hess Midstream Partners’ earnings. The highest sales estimate is $180.00 million and the lowest is $177.10 million. Hess Midstream Partners posted sales of $164.70 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 8.4%. The firm is expected to issue its next earnings results before the market opens on Wednesday, July 31st.

According to Zacks, analysts expect that Hess Midstream Partners will report full year sales of $758.55 million for the current year, with estimates ranging from $744.40 million to $772.70 million. For the next financial year, analysts forecast that the business will report sales of $874.65 million, with estimates ranging from $827.40 million to $921.90 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Hess Midstream Partners.

Hess Midstream Partners (NYSE:HESM) last announced its quarterly earnings data on Thursday, April 25th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.01). The firm had revenue of $174.20 million for the quarter, compared to analysts’ expectations of $172.85 million. Hess Midstream Partners had a net margin of 10.43% and a return on equity of 2.62%.

Several brokerages recently issued reports on HESM. Mitsubishi UFJ Financial Group reissued an “overweight” rating on shares of Hess Midstream Partners in a research note on Thursday, April 25th. Zacks Investment Research downgraded shares of Essential Properties Realty Trust from a “buy” rating to a “hold” rating in a research note on Thursday, June 13th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. Hess Midstream Partners currently has a consensus rating of “Hold” and a consensus target price of $25.33.

Shares of HESM traded up $0.16 on Wednesday, hitting $20.32. 71,361 shares of the stock traded hands, compared to its average volume of 120,838. The stock has a market cap of $555.55 million, a price-to-earnings ratio of 16.00, a P/E/G ratio of 1.30 and a beta of 1.45. The firm has a 50 day moving average price of $19.78. Hess Midstream Partners has a 1 year low of $16.17 and a 1 year high of $24.51.

A number of large investors have recently bought and sold shares of HESM. First Trust Advisors LP purchased a new stake in Hess Midstream Partners during the fourth quarter worth $413,000. Barclays PLC purchased a new stake in Hess Midstream Partners during the fourth quarter worth $178,000. Jane Street Group LLC purchased a new stake in Hess Midstream Partners during the fourth quarter worth $183,000. FMR LLC lifted its holdings in Hess Midstream Partners by 8.1% during the fourth quarter. FMR LLC now owns 1,691,016 shares of the company’s stock worth $28,714,000 after buying an additional 127,005 shares during the period. Finally, American Century Companies Inc. purchased a new stake in Hess Midstream Partners during the fourth quarter worth $243,000. 48.15% of the stock is currently owned by institutional investors.

Hess Midstream Partners Company Profile

Hess Midstream Partners LP owns, operates, develops, and acquires midstream assets to provide 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 is involved in the natural gas and crude oil gathering and compression activities located primarily in McKenzie, Williams and Mountrail Counties, and North Dakota.

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Earnings History and Estimates for Hess Midstream Partners (NYSE:HESM)

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