Wells Fargo has downgraded Hess Midstream LP (HESM) to Equal-Weight from Overweight as of September 18, 2025. This move underscores a shift in the firm's outlook on the company, suggesting increased caution regarding its future performance.
Hess Midstream engages in the ownership, development, and acquisition of midstream assets, catering to third-party crude oil and natural gas producers. The company, headquartered in Houston, Texas, operates in the energy sector and currently employs 220 full-time staff. With a market capitalization of $6.7 billion, Hess Midstream has a P/E ratio of 20.17 and an impressive dividend yield of 942.3%.
The downgrade may reflect concerns about competitive pressures and market conditions that could impact Hess Midstream's operations. The company is strategically positioned in the Bakken and Three Forks Shale plays in North Dakota, managing a range of assets including gathering, processing, and terminaling services.
Upcoming earnings reports are anticipated on July 28, 2026, with an estimated EPS of $0.71 and revenue of $423.2 million. Analyst consensus remains positive, with 2 Strong Buy, 4 Buy, and 7 Hold ratings as of November 1, 2025.
Analyst ratings provide insights based on research and financial models, but they should be considered alongside various factors such as company fundamentals and market trends. As market conditions evolve, analyst opinions can change, reflecting new information and insights.