# Hess Midstream LP – Consensus ‘buy’ rating and 16.0% Upside Potential

- Link: https://www.directorstalkinterviews.com/hess-midstream-lp-consensus-buy-rating-and-16.0-upside-potential/4121129743
- Published: 2023-10-13T14:55:30+01:00
- Author: Charlotte Edwards

**Hess Midstream LP** which can be found using ticker (HESM) now have 7 analysts
in total covering the stock. The consensus rating is pointing to ‘buy’. The target
price High/Low ranges between 36 and 32 calculating the average target price we 
see $34.29. Given that the stocks previous close was at $29.57 and the analysts 
are correct then we can expect a percentage increase in value of 16.0%. The 50 day
moving average now sits at $29.56 and the 200 day moving average is $29.36. The 
market cap for the company is 7.23B. The stock price for the company is currently
29.59 USD

 The potential market cap would be $8,388,614,983 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 14.87, revenue per share of 28.1
and a 13.56% 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).

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