Hess Midstream LP (NYSE:HESM) is a company that focuses on midstream assets, which are crucial for the transportation and storage of energy resources. The company operates in three main segments: Gathering, Processing and Storage, and Terminaling and Export. These operations include natural gas and crude oil gathering systems, gas processing plants, and terminal facilities. Founded in 2014, Hess Midstream is based in Houston, Texas.
The consensus price target for HESM has remained stable at $48 over the past year. This consistency suggests that analysts have a steady outlook on the company’s performance and potential growth. However, Morgan Stanley has set a lower price target of $35, indicating a more cautious perspective on the stock’s future performance. This divergence in price targets highlights the importance of considering different analyst opinions when evaluating investment opportunities.
Hess Midstream recently announced its Q1 2025 earnings, reporting a net income of $161.4 million, slightly down from $161.9 million in the same quarter of 2024. Despite this slight decrease, the company saw an increase in basic earnings per Class A share, rising to $0.65 from $0.60 in the previous year. This improvement in earnings per share suggests that the company is managing its resources effectively, even with a slight dip in net income.
The company’s earnings release conference call featured key executives and analysts from major financial institutions, including JPMorgan, UBS, Wells Fargo, Citi, and Goldman Sachs. This level of participation underscores the interest and scrutiny from the financial community regarding Hess Midstream’s performance and future prospects. Investors should pay attention to insights shared during these calls, as they can provide valuable information on the company’s strategic direction and market position.
While the consensus price target remains unchanged, investors should stay informed about any recent news or developments that could impact HESM’s stock performance. This includes updates on the company’s operations, financial results, or strategic initiatives. Additionally, broader market trends and industry-specific factors, such as changes in energy demand and regulatory developments, could also affect the midstream sector and, consequently, Hess Midstream’s stock price.
