Hess Midstream Partners (NYSE:HESM) Releases Quarterly Earnings Results, Misses Estimates By $0.03 EPS

Hess Midstream Partners (NYSE:HESM) announced its quarterly earnings data on Wednesday. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.03), Morningstar.com reports. The firm had revenue of $172.80 million for the quarter, compared to analysts’ expectations of $178.55 million. Hess Midstream Partners had a net margin of 10.16% and a return on equity of 2.56%.

NYSE:HESM opened at $19.45 on Friday. The stock has a market capitalization of $551.28 million, a P/E ratio of 16.00, a P/E/G ratio of 1.31 and a beta of 1.46. Hess Midstream Partners has a fifty-two week low of $16.17 and a fifty-two week high of $24.51. The stock’s 50 day moving average is $19.90.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 13th. Shareholders of record on Monday, August 5th will be paid a dividend of $0.397 per share. This represents a $1.59 dividend on an annualized basis and a yield of 8.16%. The ex-dividend date of this dividend is Friday, August 2nd. Hess Midstream Partners’s dividend payout ratio is currently 120.47%.

HESM has been the topic of several recent analyst reports. 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 raised shares of Hess Midstream Partners from a “sell” rating to a “hold” rating in a research note on Friday. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Hess Midstream Partners presently has a consensus rating of “Buy” and a consensus target price of $25.33.

A number of large investors have recently bought and sold shares of the business. First Trust Advisors LP purchased a new position in shares of Hess Midstream Partners in the 4th quarter valued at $413,000. Williams Jones & Associates LLC raised its stake in shares of Hess Midstream Partners by 41.1% in the 1st quarter. Williams Jones & Associates LLC now owns 19,900 shares of the company’s stock valued at $422,000 after acquiring an additional 5,800 shares during the period. Virtu Financial LLC raised its stake in shares of Hess Midstream Partners by 29.7% in the 1st quarter. Virtu Financial LLC now owns 13,978 shares of the company’s stock valued at $296,000 after acquiring an additional 3,202 shares during the period. Duff & Phelps Investment Management Co. raised its stake in shares of Hess Midstream Partners by 1.1% in the 1st quarter. Duff & Phelps Investment Management Co. now owns 225,431 shares of the company’s stock valued at $4,779,000 after acquiring an additional 2,370 shares during the period. Finally, Heronetta Management L.P. raised its stake in shares of Hess Midstream Partners by 30.1% in the 1st quarter. Heronetta Management L.P. now owns 65,700 shares of the company’s stock valued at $1,393,000 after acquiring an additional 15,200 shares during the period. 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.

Featured Article: Using the New Google Finance Tool

Earnings History 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.