Analysts Give Hess Midstream LP “Moderate Buy” Consensus Rating

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Hess ($NYSE:HESM) Midstream LP (HESM) is a publicly traded company dedicated to the gathering, processing, and storage of crude oil and natural gas. The partnership has operations in the Bakken and Three Forks shale plays in North Dakota, the Utica Shale play in Ohio, and the Marcellus Shale play in Pennsylvania. Recently, analysts have assigned a “Moderate Buy” consensus rating to Hess Midstream LP. Many institutional investors have chosen to invest in the company due to its attractive dividend yield and potential for long term growth. Moreover, it has become one of the top 10 midstream companies in the US and has a diversified portfolio of oil and gas assets across the US.

They anticipate that continued development of the company’s midstream infrastructure will drive additional revenues and increase its margins. Furthermore, analysts believe the company’s focus on cost-effective operations and capital investments will further enhance its long-term growth prospects. Long-term investors who are looking for steady income should consider investing in the company as it offers an attractive opportunity for capital appreciation over time.

Market Price

The overall market sentiment on the stock remains positive, with several analysts predicting further growth and increased upside potential for the stock in the near future. Many investors see Hess Midstream as a safe bet with a relatively stable stock price, making it an attractive option for those interested in adding a midstream energy stock to their portfolios. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for HESM. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for HESM. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for HESM. More…

Key Ratios Snapshot

Some of the financial key ratios for HESM are shown below. More…

Analysis

GoodWhale recently conducted an analysis of HESS MIDSTREAM LP’s fundamentals. Our Star Chart assessment shows that HESS MIDSTREAM LP has a high health score of 8/10 with regard to its cashflows and debt, indicating that it is capable to sustain future operations in times of crisis. We also find that HESS MIDSTREAM LP is strong in dividend, growth, medium in profitability and weak in asset. Based on the results of our analysis, we classify HESS MIDSTREAM LP as a ‘rhino’, a type of company we conclude has achieved moderate revenue or earnings growth. Investors who are looking for dividend-generating stocks and are willing to accept moderate growth prospects may be interested in HESS MIDSTREAM LP. More…

Peers

The company’s assets include crude oil and natural gas gathering systems, pipelines, storage tanks, and terminals. Hess Midstream LP is headquartered in Houston, Texas. The company’s competitors include Rattler Midstream LP, EnLink Midstream LLC, Kinetik Holdings Inc.

– Rattler Midstream LP ($NYSE:ENLC)

EnLink Midstream LLC has a market cap of 5.96B as of 2022. The company’s return on equity is 32.09%. EnLink Midstream is engaged in the business of gathering, transporting, processing, marketing and storing natural gas and natural gas liquids (NGLs). The company operates in Oklahoma, Texas, Louisiana and New Mexico.

Summary

HESS Midstream LP (HESM) has been given a consensus rating of “Moderate Buy” by analysts. The company is a midstream energy infrastructure provider, offering services such as gathering, processing, terminalling and storage related to the production of oil, gas and natural gas liquids. Investment analysts have cited a number of strengths in the company including its revenue growth, solid stock price performance, largely solid financial position with reasonable debt levels by most measures, and reasonable valuation levels. Analysts have also noted the company’s impressive record of earnings per share growth and attractive yield.

However, analysts have cautioned that the company’s low profit margins could be a concern. Overall, analysts believe HESS Midstream is a strong investment opportunity and recommend it as a Moderate Buy.