Hess Midstream Partners LP (HESM) Announces 6M Share Secondary Offering
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October 6, 2021 5:39 AM EDT
Hess Midstream LP (NYSE: HESM) today announced the upsizing and pricing of an underwritten public offering of an aggregate 7,500,000 Class A shares representing limited partner interests in HESM by a subsidiary of Hess Corporation and an affiliate of Global Infrastructure Partners (the Selling Shareholders), at a public offering price of $26.00 per Class A share. The offering was upsized from the previously announced 6,000,000 Class A shares. The Selling Shareholders have granted the underwriters a 30-day option to purchase up to 1,125,000 additional Class A shares at the public offering price less underwriting discounts... More
October 1, 2021 7:14 AM EDT
UBS analyst Shneur Gershuni downgraded Hess Midstream Partners LP (NYSE: HESM) from Buy to Neutral with a price target of $29.00.
The analyst comments "We are downgrading HESM to Neutral from Buy as we believe current fundamentals are priced in as we see 1) limited positive earnings revision potential in 22 (we sit above cons), and 2)... More
