Hess Midstream (HESM) to Release Quarterly Earnings on Wednesday

Hess Midstream (NYSE:HESM) will release its earnings data before the market opens on Wednesday, October 30th. Analysts expect Hess Midstream to announce earnings of $0.59 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Hess Midstream (NYSE:HESM) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.54 by $0.05. Hess Midstream had a net margin of 11.59% and a return on equity of 41.91%. The firm had revenue of $365.50 million for the quarter, compared to the consensus estimate of $365.16 million. During the same period last year, the firm earned $0.50 EPS. The company’s revenue was up 12.8% on a year-over-year basis. On average, analysts expect Hess Midstream to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Hess Midstream Stock Down 0.4 %

HESM opened at $35.47 on Monday. Hess Midstream has a fifty-two week low of $29.20 and a fifty-two week high of $39.11. The company has a debt-to-equity ratio of 8.55, a quick ratio of 1.11 and a current ratio of 1.11. The stock has a market cap of $7.83 billion, a price-to-earnings ratio of 15.42 and a beta of 1.51. The firm’s fifty day moving average is $36.11 and its 200 day moving average is $35.97.

Insider Transactions at Hess Midstream

In related news, Director Infrastructure Investor Global sold 12,650,000 shares of the stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $35.12, for a total transaction of $444,268,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on HESM. JPMorgan Chase & Co. upped their price objective on Hess Midstream from $38.00 to $39.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 21st. UBS Group increased their price objective on shares of Hess Midstream from $38.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, July 3rd.

Hess Midstream Company Profile

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.