Summary:
- Hess Midstream (HESM, Financial) announces a strategic $200 million buyback plan.
- Wall Street analysts set an average target price of $44.00 for HESM.
- GuruFocus estimates suggest a significant downside for HESM based on GF Value.
Hess Midstream (HESM) has made headlines with a strategic buyback initiative valued at $200 million. This financial maneuver involves the acquisition of $10 million worth of Class A shares and $190 million in Class B units. The anticipated result is an increase in shareholder value, while preserving over $1.25 billion in financial flexibility extending through 2027.
Wall Street Analysts' Forecast
According to the projections of 4 analysts, the average price target for Hess Midstream LP (HESM, Financial) over the next year is $44.00. This target encompasses a high of $48.00 and a low of $41.00. With the current price standing at $38.06, this average target reflects a potential upside of 15.61%. For more in-depth forecast data, please visit the Hess Midstream LP (HESM) Forecast page.
The consensus recommendation from 5 brokerage firms places Hess Midstream LP's (HESM, Financial) average brokerage recommendation at 2.2, interpreting to an "Outperform" rating. The rating scale ranges from 1 to 5, with 1 representing a Strong Buy and 5 indicating a Sell.
Understanding the GF Value Estimation
According to GuruFocus estimates, the projected GF Value for Hess Midstream LP (HESM, Financial) one year from now is $17.52. This suggests a potential downside of 53.97% from the current price of $38.0599. GF Value represents GuruFocus' assessment of the stock's fair value, derived from historical trading multiples, past business growth, and future performance estimates. For more comprehensive data, explore the Hess Midstream LP (HESM) Summary page.
