Hess Midstream LP with ticker code (HESM) have now 5 market analysts covering the stock. The analyst consensus now points to a rating of ‘buy’. The target price High/Low ranges between $42.00 and $39.00 and has a mean share price target at $40.20. (at the time of writing). Now with the previous closing price of $37.13 and the analysts are correct then there would likely be a percentage uptick in value of 8.3%. It’s also worth noting that there is a 50 day moving average of $35.62 while the 200 day moving average is $35.74. The market capitalization for the company is 8.13B. The price for the stock stands currently at: $37.31 USD
The potential market cap would be $8,806,044,860 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 15.81, 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).
