Hess Midstream stock gets JPMorgan downgrade to Underweight
Published on 10/05/2026 at 15:56 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Hess Midstream stock (ISIN US4281031058) was trading at USD 37.79 on the NYSE on October 5, 2026 at 9:55 a.m. ET, while JPMorgan cut its rating from Neutral to Underweight on October 2. The USD 39.00 target leaves the price target 3.2 percent above the current price.
JPMorgan flags contract risks
According to MarketBeat, JPMorgan cited structural uncertainty around Hess Midstream's contract structure and Chevron's development plans. The report also points to a consensus rating of Reduce from seven analysts, comprising one Buy, three Hold and three Sell ratings, with an average target of USD 37.00.
The consensus target is 2.1 percent below the October 5 price. That gap puts the market quotation above the average analyst target even though JPMorgan's individual target remains higher.
Q2 earnings beat estimates
Hess Midstream reported USD 399.0 million in Q2 2026 revenue, USD 173.7 million in net income and USD 0.75 in diluted EPS. Operating cash flow reached USD 278.6 million for the quarter.
MarketBeat reported that Q2 EPS exceeded the USD 0.67 consensus by USD 0.08, while revenue surpassed the USD 395.96 million estimate. Revenue nevertheless declined 3.7 percent from the comparable quarter.
Stock stays below yearly high
The stock's USD 37.79 price was 8.8 percent below its USD 41.44 52-week high and above its USD 31.63 low. Market capitalization stood at USD 7.8 billion, with 37,982 shares traded at the quoted time.
Fintel reported on October 2, 2026, that Hess Midstream's next earnings date is scheduled for October 28, 2026. The upcoming report will test whether the Q2 earnings beat can offset the contract concerns raised by JPMorgan.
Hess Midstream stock price
Hess Midstream stock was trading at USD 37.79 on the NYSE on October 5, 2026 at 9:55 a.m. ET, up 0.11 percent from the prior close of USD 37.75.
Hess Midstream stock facts
- Company: Hess Midstream LP
- ISIN: US4281031058
- Ticker: HESM
- Trading venue: NYSE
- Price (as of October 5, 2026, 9:55 a.m. ET): USD 37.79
- Market capitalization: USD 7.8 billion (as of October 5, 2026)
- 52-week range: USD 31.63-41.44 (as of October 5, 2026)
- Sector / Industry: Energy / Oil and Gas Midstream
Upcoming dates for Hess Midstream stock
- October 28, 2026: Q3 2026 earnings release
