Hess Midstream LP (HESM) Stock AnalysisHESMStock AnalysisHess Midstream LP

Hess Midstream LP is a midstream company that owns, operates, develops and acquires a diverse set of midstream assets to provide services to the Company and third-party customers. It owns oil, gas and produces water handling assets that are located in the Bakken and Three Forks Shale plays in the Williston Basin area of North Dakota. Its gathering segment includes Hess North Dakota Pipeline Operations LP and Hess Water Services Holdings LLC, which owns natural gas gathering and compression, crude oil gathering, and produced water gathering and disposal. Its processing and storage segment includes Hess TGP Operations LP and Hess Mentor Storage Holdings LLC, which owns Tioga gas plant, an equity investment in LM4 Joint Venture, and mentor storage terminal. Its terminaling and export segment includes Hess North Dakota Export Logistics Operations LP, which owns Ramberg Terminal Facility, Tioga Rail Terminal, Crude Oil Rail Cars, Johnson's Corner Header System, and other DAPL connections. It operates in the Energy sector (CRUDE PETROLEUM & NATURAL GAS industry).

Hess Midstream LP (HESM) appears to be a good buy at the current price of $39.56, especially considering its strong dividend yield of 7.7% and consistent dividend growth over 37 quarters. The stock has shown a year-to-date increase of 14.17%, indicating positive momentum. However, the main risk is highlighted by Goldman Sachs' price target of $32, suggesting a potential downside of 19.1%.

7 analysts cover HESM: 6 rate it Buy, 1 Hold and 0 Sell. The average price target is 36.50.