Western Midstream Partners, LP (NYSE:WES) Given Average Rating of "Reduce" by Brokerages

Western Midstream Partners, LP (NYSE:WES - Get Free Report) has been given a consensus rating of "Reduce" by the ten research firms that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $37.88.

A number of equities research analysts have recently commented on the company. Bank of America assumed coverage on Western Midstream Partners in a research report on Thursday, October 17th. They issued an "underperform" rating and a $37.00 price objective for the company. UBS Group lowered their price objective on Western Midstream Partners from $40.00 to $37.00 and set a "neutral" rating for the company in a research report on Friday, November 15th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $41.00 price objective on shares of Western Midstream Partners in a research report on Monday, December 9th. StockNews.com downgraded Western Midstream Partners from a "strong-buy" rating to a "buy" rating in a research report on Monday, October 28th. Finally, US Capital Advisors raised Western Midstream Partners from a "hold" rating to a "moderate buy" rating in a research report on Tuesday, November 26th.

Western Midstream Partners Price Performance

Western Midstream Partners stock traded up $0.49 during mid-day trading on Monday, hitting $40.36. 1,854,481 shares of the company were exchanged, compared to its average volume of 1,336,934. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.11 and a quick ratio of 1.11. The business's 50 day simple moving average is $40.17 and its two-hundred day simple moving average is $39.09. The company has a market capitalization of $15.36 billion, a P/E ratio of 10.30, a PEG ratio of 1.36 and a beta of 2.88. Western Midstream Partners has a 12-month low of $27.94 and a 12-month high of $43.33.

Western Midstream Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be paid a dividend of $0.875 per share. This represents a $3.50 dividend on an annualized basis and a dividend yield of 8.67%. The ex-dividend date is Monday, February 3rd. Western Midstream Partners's dividend payout ratio is presently 89.29%.

Institutional Trading of Western Midstream Partners

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Evergreen Capital Management LLC increased its position in shares of Western Midstream Partners by 1.5% during the fourth quarter. Evergreen Capital Management LLC now owns 193,603 shares of the pipeline company's stock worth $7,440,000 after acquiring an additional 2,840 shares during the last quarter. Guggenheim Capital LLC increased its position in shares of Western Midstream Partners by 6.6% during the fourth quarter. Guggenheim Capital LLC now owns 21,064 shares of the pipeline company's stock worth $809,000 after acquiring an additional 1,300 shares during the last quarter. XTX Topco Ltd purchased a new stake in shares of Western Midstream Partners during the fourth quarter worth about $527,000. Mariner LLC increased its position in shares of Western Midstream Partners by 3.5% during the fourth quarter. Mariner LLC now owns 98,488 shares of the pipeline company's stock worth $3,785,000 after acquiring an additional 3,375 shares during the last quarter. Finally, Barclays PLC increased its holdings in Western Midstream Partners by 83.1% in the fourth quarter. Barclays PLC now owns 1,404,381 shares of the pipeline company's stock valued at $53,971,000 after buying an additional 637,266 shares during the last quarter. 84.82% of the stock is owned by hedge funds and other institutional investors.

About Western Midstream Partners

Western Midstream Partners, LP, together with its subsidiaries, operates as a midstream energy company primarily in the United States. It is involved in gathering, compressing, treating, processing, and transporting natural gas; gathering, stabilizing, and transporting condensate, natural gas liquids (NGLs), and crude oil; and gathering and disposing produced water.