# Hess Midstream LP – Consensus ‘buy’ rating and 2.6% Upside Potential

- Link: https://www.directorstalkinterviews.com/hess-midstream-lp-consensus-buy-rating-and-2.6-upside-potential/4121166133
- Published: 2024-07-26T12:18:38+01:00
- Author: Charlotte Edwards

**Hess Midstream LP** which can be found using ticker (HESM) now have 4 market analysts
covering the stock. The analyst consensus now points to a rating of ‘buy’. The range
between the high target price and low target price is between $40.00 and $37.00 
calculating the mean target price we have $38.50. Given that the stocks previous
close was at $37.51 this would imply there is now a potential upside of 2.6%. The
50 day moving average now sits at $36.26 while the 200 day moving average is $33.76.
The total market capitalization for the company now stands at 8.75B. The stock price
for the company is currently $37.21 USD

 The potential market cap would be $8,976,896,300 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 16.91, revenue per share of $21.87
and a 14.28% 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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