Hess Midstream (NYSE:HESM) Given New $42.00 Price Target at Wells Fargo & Company

Hess Midstream (NYSE:HESMGet Free Report) had its price objective increased by equities research analysts at Wells Fargo & Company from $40.00 to $42.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target points to a potential upside of 1.68% from the stock’s current price.

Separately, Raymond James lifted their target price on shares of Hess Midstream from $42.00 to $45.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th.

Check Out Our Latest Stock Analysis on Hess Midstream

Hess Midstream Trading Down 0.2 %

Shares of HESM stock traded down $0.07 during trading hours on Tuesday, hitting $41.31. 279,915 shares of the company’s stock traded hands, compared to its average volume of 1,012,397. The stock’s 50 day simple moving average is $38.18 and its 200 day simple moving average is $36.81. The stock has a market cap of $9.00 billion, a PE ratio of 16.59 and a beta of 1.53. Hess Midstream has a 12 month low of $32.15 and a 12 month high of $42.15. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 7.85.

Hess Midstream (NYSE:HESMGet Free Report) last released its quarterly earnings results on Wednesday, January 29th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.03. Hess Midstream had a net margin of 14.92% and a return on equity of 54.59%. On average, sell-side analysts anticipate that Hess Midstream will post 2.5 EPS for the current year.

Insiders Place Their Bets

In other Hess Midstream news, CFO Jonathan C. Stein sold 7,923 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $35.32, for a total value of $279,840.36. Following the completion of the sale, the chief financial officer now directly owns 59,945 shares in the company, valued at approximately $2,117,257.40. This trade represents a 11.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Institutional Investors Weigh In On Hess Midstream

A number of large investors have recently bought and sold shares of the stock. IFP Advisors Inc grew its holdings in Hess Midstream by 33.3% in the fourth quarter. IFP Advisors Inc now owns 2,934 shares of the company’s stock worth $109,000 after purchasing an additional 733 shares during the period. Y Intercept Hong Kong Ltd grew its holdings in shares of Hess Midstream by 115.1% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 34,791 shares of the company’s stock valued at $1,288,000 after buying an additional 18,615 shares during the last quarter. Navellier & Associates Inc. acquired a new position in shares of Hess Midstream during the fourth quarter valued at about $251,000. ING Groep NV acquired a new position in shares of Hess Midstream during the fourth quarter valued at about $4,036,000. Finally, Hardy Reed LLC grew its holdings in shares of Hess Midstream by 5.3% during the fourth quarter. Hardy Reed LLC now owns 8,990 shares of the company’s stock valued at $333,000 after buying an additional 450 shares during the last quarter. 98.97% of the stock is currently owned by institutional investors and hedge funds.

About Hess Midstream

(Get Free Report)

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.

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