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S&P 500   4,191.98
DOW   33,426.63
QQQ   336.51
Mount Etna volcano erupts, raining ash on Catania, forcing flight suspension at local airport
66,000% upside on tiny biotech? (Ad)
China tells tech manufacturers to stop using Micron chips, stepping up feud with United States
Stock market today: Global shares mostly rise despite worries about US debt talks
The Easiest Way To Start Trading Options (Ad)
SpaceX launches two Saudi astronauts on private flight to space station
Civil rights groups warn tourists about Florida in wake of 'hostile' laws
Why Your IRA Could Crash on June 16th (Ad)
South Korean, German leaders agree to cooperate on supply chains, North Korea
Animal rights activists protest octopus farm plans in Spain
S&P 500   4,191.98
DOW   33,426.63
QQQ   336.51
Mount Etna volcano erupts, raining ash on Catania, forcing flight suspension at local airport
66,000% upside on tiny biotech? (Ad)
China tells tech manufacturers to stop using Micron chips, stepping up feud with United States
Stock market today: Global shares mostly rise despite worries about US debt talks
The Easiest Way To Start Trading Options (Ad)
SpaceX launches two Saudi astronauts on private flight to space station
Civil rights groups warn tourists about Florida in wake of 'hostile' laws
Why Your IRA Could Crash on June 16th (Ad)
South Korean, German leaders agree to cooperate on supply chains, North Korea
Animal rights activists protest octopus farm plans in Spain
S&P 500   4,191.98
DOW   33,426.63
QQQ   336.51
Mount Etna volcano erupts, raining ash on Catania, forcing flight suspension at local airport
66,000% upside on tiny biotech? (Ad)
China tells tech manufacturers to stop using Micron chips, stepping up feud with United States
Stock market today: Global shares mostly rise despite worries about US debt talks
The Easiest Way To Start Trading Options (Ad)
SpaceX launches two Saudi astronauts on private flight to space station
Civil rights groups warn tourists about Florida in wake of 'hostile' laws
Why Your IRA Could Crash on June 16th (Ad)
South Korean, German leaders agree to cooperate on supply chains, North Korea
Animal rights activists protest octopus farm plans in Spain
NYSE:HESM

Hess Midstream (HESM) Stock Forecast, Price & News

$27.81
+0.27 (+0.98%)
(As of 05/19/2023 08:48 PM ET)
Compare
Today's Range
$27.43
$27.82
50-Day Range
$25.99
$29.76
52-Week Range
$24.33
$34.99
Volume
1.01 million shs
Average Volume
457,254 shs
Market Capitalization
$1.23 billion
P/E Ratio
13.97
Dividend Yield
8.41%
Price Target
$35.25

Hess Midstream MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
26.8% Upside
$35.25 Price Target
Short Interest
Bearish
9.32% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
1.10mentions of Hess Midstream in the last 14 days
Based on 2 Articles This Week
Insider Trading
Selling Shares
$298,622 Sold Last Quarter
Proj. Earnings Growth
14.78%
From $2.03 to $2.33 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.90 out of 5 stars

Oils/Energy Sector

40th out of 238 stocks

Crude Petroleum & Natural Gas Industry

21st out of 75 stocks


HESM stock logo

About Hess Midstream (NYSE:HESM) Stock

Hess Midstream LP engages in the ownership, development, and acquisition of midstream assets to provide services to third-party crude oil and natural gas producers. It operates through the following segments: Gathering, Processing and Storage, and Terminaling and Export. The Gathering segment consists of natural gas gathering and compression, crude oil gathering, and produced water gathering and disposal. The Processing and Storage segment includes the Tioga gas plant, equity investment in the Little Missouri (LM4) joint venture, and mentor storage terminal. The Terminaling and Export segment focuses on the Ramberg terminal facility, Tioga rail terminal, crude oil rail cars, and Johnson's corner header system. The company was founded on January 1, 2014 and is headquartered in Houston, TX.

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HESM Stock News Headlines

Hess Midstream (NYSE:HESM) Shares Gap Down to $29.08
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MarketBeat All-Access is the all-in-one stock research solution that saves you time and helps you make more money. You get our top stock picks, best-in-class research tools, proprietary research reports and much more.
Earnings Preview For Hess Midstream
Hess Midstream (HESM) Set to Announce Earnings on Wednesday
Raymond James Begins Coverage on Hess Midstream (NYSE:HESM)
Hess Midstream Partners Declares $0.57 Dividend
See More Headlines
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HESM Company Calendar

Last Earnings
10/27/2021
Ex-Dividend for 5/12 Dividend
5/03/2023
Dividend Payable
5/12/2023
Today
5/22/2023
Next Earnings (Estimated)
7/26/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
N/A
Previous Symbol
NASDAQ:HESM
Fax
N/A
Employees
196
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$35.25
High Stock Price Forecast
$37.00
Low Stock Price Forecast
$34.00
Forecasted Upside/Downside
+26.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
4 Analysts

Profitability

Net Income
$83.90 million
Pretax Margin
49.79%

Debt

Sales & Book Value

Annual Sales
$1.28 billion
Cash Flow
$6.29 per share
Book Value
$9.94 per share

Miscellaneous

Free Float
N/A
Market Cap
$1.23 billion
Optionable
Optionable
Beta
1.60

Key Executives

  • John B. HessJohn B. Hess
    Chairman & Chief Executive Officer
  • John A. Gatling
    President & Chief Operating Officer
  • Jonathan C. SteinJonathan C. Stein
    Chief Financial Officer
  • Dan Farler
    Vice President-Engineering & Projects
  • John P. Rielly
    Director & Vice President













HESM Stock - Frequently Asked Questions

Should I buy or sell Hess Midstream stock right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Hess Midstream in the last year. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" HESM shares.
View HESM analyst ratings
or view top-rated stocks.

What is Hess Midstream's stock price forecast for 2023?

4 Wall Street research analysts have issued 12-month target prices for Hess Midstream's shares. Their HESM share price forecasts range from $34.00 to $37.00. On average, they predict the company's share price to reach $35.25 in the next twelve months. This suggests a possible upside of 26.8% from the stock's current price.
View analysts price targets for HESM
or view top-rated stocks among Wall Street analysts.

How have HESM shares performed in 2023?

Hess Midstream's stock was trading at $29.92 on January 1st, 2023. Since then, HESM stock has decreased by 7.1% and is now trading at $27.81.
View the best growth stocks for 2023 here
.

Are investors shorting Hess Midstream?

Hess Midstream saw a decrease in short interest in the month of April. As of April 30th, there was short interest totaling 4,110,000 shares, a decrease of 12.9% from the April 15th total of 4,720,000 shares. Based on an average daily trading volume, of 400,700 shares, the short-interest ratio is presently 10.3 days.
View Hess Midstream's Short Interest
.

When is Hess Midstream's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
View our HESM earnings forecast
.

How were Hess Midstream's earnings last quarter?

Hess Midstream LP (NYSE:HESM) posted its quarterly earnings data on Wednesday, October, 27th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.01. The firm had revenue of $303.90 million for the quarter. Hess Midstream had a net margin of 6.92% and a trailing twelve-month return on equity of 17.82%. During the same period in the previous year, the firm posted $0.31 EPS.

How often does Hess Midstream pay dividends? What is the dividend yield for Hess Midstream?

Hess Midstream declared a quarterly dividend on Monday, April 24th. Investors of record on Thursday, May 4th will be given a dividend of $0.5851 per share on Friday, May 12th. This represents a $2.34 annualized dividend and a dividend yield of 8.42%. The ex-dividend date is Wednesday, May 3rd. This is a boost from the stock's previous quarterly dividend of $0.57.
Read our dividend analysis for HESM
.

Is Hess Midstream a good dividend stock?

Hess Midstream (NYSE:HESM) pays an annual dividend of $2.34 per share and currently has a dividend yield of 8.50%. HESM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 6 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 117.59%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, HESM will have a dividend payout ratio of 100.43% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for HESM.

What guidance has Hess Midstream issued on next quarter's earnings?

Hess Midstream updated its first quarter earnings guidance on Wednesday, April, 26th. The company provided earnings per share (EPS) guidance of $0.47 for the period, compared to the consensus estimate of $0.52. The company issued revenue guidance of $305 million, compared to the consensus revenue estimate of $312.49 million.

What other stocks do shareholders of Hess Midstream own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Hess Midstream investors own include Enterprise Products Partners (EPD), AT&T (T), Pfizer (PFE), ONEOK (OKE), Energy Transfer (ET), Kinder Morgan (KMI), Omega Healthcare Investors (OHI), Apollo Global Management (APO), Bank of America (BAC) and General Electric (GE).

When did Hess Midstream IPO?

(HESM) raised $250 million in an initial public offering 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.

What is Hess Midstream's stock symbol?

Hess Midstream trades on the New York Stock Exchange (NYSE) under the ticker symbol "HESM."

Who are Hess Midstream's major shareholders?

Hess Midstream's stock is owned by many different institutional and retail investors. Top institutional investors include Clearbridge Investments LLC (4.79%), Mirae Asset Global Investments Co. Ltd. (4.60%), Tortoise Capital Advisors L.L.C. (4.33%), Bank of New York Mellon Corp (3.69%), First Trust Advisors LP (2.11%) and Duff & Phelps Investment Management Co. (1.48%). Insiders that own company stock include Corp Hess, Geurt G Schoonman, John A Gatling, John B Hess and Jonathan C Stein.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Hess Midstream's stock price today?

One share of HESM stock can currently be purchased for approximately $27.81.

How much money does Hess Midstream make?

Hess Midstream (NYSE:HESM) has a market capitalization of $1.23 billion and generates $1.28 billion in revenue each year. The company earns $83.90 million in net income (profit) each year or $1.99 on an earnings per share basis.

How many employees does Hess Midstream have?

The company employs 196 workers across the globe.

How can I contact Hess Midstream?

Hess Midstream's mailing address is 1501 MCKINNEY STREET, HOUSTON TX, 77010. The official website for the company is www.hessmidstream.com. The company can be reached via phone at (713) 496-4200 or via email at hessmidstreampartners@hess.com.

This page (NYSE:HESM) was last updated on 5/22/2023 by MarketBeat.com Staff

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