# Hess Midstream LP – Consensus ‘buy’ rating and 9.8% Upside Potential

- Link: https://www.directorstalkinterviews.com/hess-midstream-lp-consensus-buy-rating-and-9.8-upside-potential/4121130231
- Published: 2023-10-20T13:33:51+01:00
- Author: Charlotte Edwards

**Hess Midstream LP** with ticker code (HESM) have now 7 analysts in total covering
the stock. The consensus rating is pointing to ‘buy’. The range between the high
target price and low target price is between 36 and 32 calculating the mean target
price we have $34.29. Given that the stocks previous close was at $31.22 this would
imply there is now a potential upside of 9.8%. The 50 day MA is $29.55 and the 200
moving average now moves to $29.38. The total market capitalization for the company
now stands at 7.52B. The stock price for the company is currently 30.76 USD

 The potential market cap would be $8,259,429,146 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 15.46, 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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