Hess Midstream LP with ticker code (HESM) now have 5 analysts in total covering the stock. The consensus rating is pointing to ‘buy’. The range between the high target price and low target price is between $42.00 and $39.00 with the average share target price sitting at $40.20. (at the time of writing). Now with the previous closing price of $34.20 this indicates there is a potential upside of 17.5%. It’s also worth noting that there is a 50 day moving average of $35.59 while the 200 day moving average is $35.60. The company has a market cap of 7.67B. The stock price is currently at: $35.20 USD
The potential market cap would be $9,019,804,690 based on the market consensus.
The company is not paying dividends at this time.
Other points of data to note are a P/E ratio of 14.92, revenue per share of $18.19 and a 13.98% return on assets.
Hess Midstream LP is a fee-based midstream company, which owns, operates, develops and acquires a diverse set of midstream assets to provide services to Hess and third-party customers. The Company owns oil, gas and produced water handling assets that are primarily located in the Bakken and Three Forks Shale plays in the Williston Basin area of North Dakota. The Company operates through three segments: gathering, processing and storage, and terminaling and export. Gathering segment includes Hess North Dakota Pipeline Operations LP (Gathering Opco) and Hess Water Services Holdings LLC, which own the various assets, including natural gas gathering and compression, crude oil gathering, and produced water gathering and disposal. Processing and storage segment includes Hess TGP Operations LP (HTGP Opco) and Hess Mentor Storage Holdings LLC (Mentor Holdings). Terminaling and export segment includes Hess North Dakota Export Logistics Operations LP (Logistics Opco).
