Hess Midstream (HESM) to Release Earnings on Wednesday

Hess Midstream (NYSE:HESM) will likely be issuing its quarterly earnings data before the market opens on Wednesday, January 29th. Analysts expect the company to announce earnings of $0.65 per share and revenue of $392,130.00 billion for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Hess Midstream (NYSE:HESM) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.58 by $0.05. Hess Midstream had a return on equity of 47.87% and a net margin of 13.06%. The business had revenue of $378.50 million during the quarter, compared to analysts’ expectations of $376.98 million. During the same period last year, the firm earned $0.57 EPS. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. On average, analysts expect Hess Midstream to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Hess Midstream Trading Down 2.6 %

Shares of HESM stock opened at $40.21 on Tuesday. The business’s fifty day moving average price is $37.71 and its 200 day moving average price is $36.71. The firm has a market capitalization of $8.77 billion, a PE ratio of 17.04 and a beta of 1.52. The company has a debt-to-equity ratio of 7.85, a current ratio of 0.70 and a quick ratio of 0.70. Hess Midstream has a 1-year low of $32.15 and a 1-year high of $41.61.

Insider Transactions at Hess Midstream

In other Hess Midstream news, CFO Jonathan C. Stein sold 7,923 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $35.32, for a total value of $279,840.36. Following the sale, the chief financial officer now owns 59,945 shares of the company’s stock, valued at approximately $2,117,257.40. This represents a 11.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Hess Midstream Company Profile

Hess Midstream LP owns, develops, operates, and acquires midstream assets and provide fee-based services to Hess and third-party customers in the United States. It operates through three segments: Gathering; Processing and Storage; and Terminaling and Export. The Gathering segment owns natural gas gathering and compression systems; crude oil gathering systems; and produced water gathering and disposal facilities.