Hess Midstream Partners LP stock hits 52-week low at 33.59 USD

Hess Midstream Partners LP stock reached a new 52-week low, hitting 33.59 USD. This marks a significant point for the company, as it reflects a decline in stock value over the past year. According to InvestingPro data, the stock’s RSI indicates oversold territory, while maintaining an attractive 8.57% dividend yield with 13.11% dividend growth over the past year. The stock’s 1-year change shows a decrease of 6.79%, indicating a challenging period for the company and its investors. Trading at a P/E ratio of 12.61, InvestingPro analysis suggests the stock is currently undervalued. This downturn is part of a broader trend affecting the energy sector, as market conditions and other external factors continue to exert pressure on stock prices. Investors will be closely monitoring Hess Midstream’s performance and strategic decisions in the coming months to gauge potential recovery or further declines. For comprehensive analysis, including 12 additional ProTips and detailed valuation metrics, check out the Pro Research Report available on InvestingPro.

In other recent news, Hess Midstream has adjusted its financial and operational outlook following Chevron’s decision to reduce its Bakken drilling activity from four to three rigs starting in the fourth quarter of 2025. The company now projects relatively flat Adjusted EBITDA in 2026 compared to 2025, with growth expected to resume in 2027 due to increased gas throughput volumes and inflation escalation provisions. Despite these changes, Hess Midstream anticipates oil throughput volumes will plateau in 2026. Wells Fargo responded to this revised outlook by downgrading Hess Midstream from Overweight to Equal Weight and lowering its price target from $48.00 to $39.00. Meanwhile, UBS maintained its Neutral rating with a $43.00 price target, reflecting Chevron’s planned rig reduction. Goldman Sachs also reinstated coverage on Hess Midstream with a Neutral rating, setting a $36.00 price target. These developments highlight the impact of Chevron’s rig reduction on Hess Midstream’s growth prospects and capital return potential.

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