Morgan Stanley Remains a Buy on Hess Midstream Partners Lp (HESM)
In a report released today, Tom Abrams from Morgan Stanley maintained a Buy rating on Hess Midstream Partners Lp (HESM), with a price target of $24. The company’s shares closed on Friday at $19.26, close to its 52-week low of $18.51.
According to TipRanks.com, Abrams is a 1-star analyst with an average return of -2.0% and a 46.3% success rate. Abrams covers the Basic Materials sector, focusing on stocks such as Oasis Midstream Partners Lp, EnLink Midstream Partners, and BP Midstream Partners LP.
Hess Midstream Partners Lp has an analyst consensus of Strong Buy, with a price target consensus of $26.33.
See today’s analyst top recommended stocks >>
Based on Hess Midstream Partners Lp’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $18.3 million. In comparison, last year the company had a net profit of $14.7 million.
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 Partners LP engages in owning, developing, ang aacquiring 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.