Hess Midstream (HESM) Set to Announce Earnings on Wednesday

Hess Midstream (NYSE:HESM) is scheduled to announce its earnings results before the market opens on Wednesday, July 31st. Analysts expect the company to announce earnings of $0.60 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Hess Midstream Trading Down 0.3 %

Shares of Hess Midstream stock opened at $37.22 on Tuesday. Hess Midstream has a 52-week low of $27.57 and a 52-week high of $39.11. The company’s 50-day simple moving average is $36.37 and its 200-day simple moving average is $35.19. The firm has a market cap of $8.32 billion, a price-to-earnings ratio of 16.84 and a beta of 1.52. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 8.67.

Insiders Place Their Bets

In other news, Director Infrastructure Investor Global sold 1,500,000 shares of Hess Midstream stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $34.02, for a total transaction of $51,030,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Wall Street Analyst Weigh In

HESM has been the topic of a number of analyst reports. Wells Fargo & Company lifted their price target on Hess Midstream from $36.00 to $37.00 and gave the company an “equal weight” rating in a research note on Monday, April 29th. UBS Group upped their price target on shares of Hess Midstream from $38.00 to $40.00 and gave the stock a “buy” rating in a research note on Wednesday, July 3rd. Finally, JPMorgan Chase & Co. raised their price objective on shares of Hess Midstream from $37.00 to $38.00 and gave the company a “neutral” rating in a research note on Tuesday, April 16th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $36.83.

About Hess Midstream

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.