Hess Midstream Partners LP (NYSE:HESM) is set to announce third quarter earning results on Wednesday 28th October 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, HESM to report 3Q20 income of $ 0.35 per share.
For the full year, analysts anticipate top line of $ 1090.34 million, while looking forward to income of $ 1.41 per share bottom line.
Previous Quarter Performance
Hess Midstream Partners LP came out with income for the second quarter of $ 0.29 per share, from the revenue of $ 269.80 million. The quarterly revenues grew 56.13 percent compared with the same quarter last year. Street analysts expected Hess Midstream Partners LP to report income of $ 0.38 per share on revenue of $ 266.86 million for the second quarter. The bottom line results missed street analysts by $ 0.09 or 23.68 percent, at the same time, top line results outshined analysts by $ 2.94 million or 1.10 percent.
Stock Performance
Shares of Hess Midstream Partners LP traded up $ 0.41 or 2.37 percent on Tuesday, reaching $ 17.72 with volume of 107.00 thousand shares. Hess Midstream Partners LP has traded high as $ 17.80 and has cracked $ 17.37 on the downward trend
According to the previous trading day, closing price of $ 17.72, representing a 203.68 % increase from the 52 week low of $ 5.70 and a 32.54 % decrease over the 52 week high of $ 25.66.
The company has a market capital of $ 319.46 million and is part of the Energy sector and Oil & Gas Midstream industry.
Recent Analyst recommendations
- On 16th October 2020, upgraded by Citigroup to Buy from Neutral rating, with $ 22.00 target price.
- On 5th October 2020, initiated by UBS Group at Buy rating, with $ 19.00 target price.
- On 29th September 2020, initiated by Morgan Stanley at Equal-Weight rating, with $ 18.00 target price.
- On 25th September 2020, initiated by Morgan Stanley at Equal-Weight rating, with $ 18.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.4363 per share on July 27, 2020. The dividend were payable on August 14, 2020 to holders of record as of the close of business on August 6, 2020 and ex-dividend date on August 5, 2020.
Conference Call
Hess Midstream Partners LP will be hosting a conference call at 12:00 PM eastern time on 28th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.hessmidstream.com
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.
