Hess Midstream LP (HESM) Stock AnalysisHESMHess 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 is currently not a strong buy due to its recent price decline and analyst downgrades. The current price is $32.26, which is below the analyst price targets of $39 from JPMorgan and Morgan Stanley. The RSI is at a low 20.415, indicating oversold conditions, but this could also signal continued weakness. The company has a high dividend yield of 7.7%, which is attractive for income-focused investors, but the recent insider activity shows hedge funds are buying, which could indicate potential upside. However, the risk of a significant drop exists, as Goldman Sachs has a price target of $32, implying a potential downside from the current price.

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