J.P. Morgan Keeps a Buy Rating on Hess Midstream Partners (HESM)

In a report issued on June 3, Dan Walk from J.P. Morgan maintained a Buy rating on Hess Midstream Partners (HESMResearch Report), with a price target of $35.00. The company’s shares closed last Friday at $33.02.

According to TipRanks.com, Walk is a 1-star analyst with an average return of -6.6% and a 40.0% success rate. Walk covers the Industrial Goods sector, focusing on stocks such as Aris Water Solutions, Crestwood Equity, and EnLink Midstream.

Currently, the analyst consensus on Hess Midstream Partners is a Moderate Buy with an average price target of $34.67.

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Hess Midstream Partners’ market cap is currently $8.83B and has a P/E ratio of 17.91.

Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of HESM in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Hess Midstream LP engages in the ownership, development and acquisition of midstream assets to provide services to third-party crude oil and natural gas producers. It operates through the following segments: Gathering, Processing and Storage, and Terminaling and Export. The Gathering segment consists of natural gas and crude oil gathering and compression. The Processing and Storage segment includes Tioga gas plant, equity investment in Little Missouri (LM4) joint venture, and mentor storage terminal. The Terminaling and Export segment comprises of ramberg terminal facility, Tioga rail terminal, crude oil rail cars, and Johnson’s corner header system. The company was founded on January 17, 2014 and is headquartered in Houston, TX.

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