Western Midstream Partners, LP (NYSE:WES - Get Free Report) has earned an average recommendation of "Reduce" from the ten analysts that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $37.88.
WES has been the topic of several recent analyst reports. Stifel Nicolaus boosted their target price on Western Midstream Partners from $39.00 to $40.00 and gave the stock a "hold" rating in a report on Friday, August 9th. Bank of America initiated coverage on Western Midstream Partners in a report on Thursday, October 17th. They set an "underperform" rating and a $37.00 price objective on the stock. StockNews.com downgraded Western Midstream Partners from a "strong-buy" rating to a "buy" rating in a report on Monday, October 28th. Royal Bank of Canada upped their price objective on Western Midstream Partners from $38.00 to $41.00 and gave the stock a "sector perform" rating in a report on Wednesday, October 16th. Finally, UBS Group reduced their price objective on Western Midstream Partners from $40.00 to $37.00 and set a "neutral" rating on the stock in a report on Friday, November 15th.
Get Our Latest Analysis on WES
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in the stock. Chickasaw Capital Management LLC increased its position in shares of Western Midstream Partners by 0.6% in the 2nd quarter. Chickasaw Capital Management LLC now owns 6,711,006 shares of the pipeline company's stock valued at $266,628,000 after buying an additional 37,259 shares in the last quarter. Kayne Anderson Capital Advisors LP increased its position in shares of Western Midstream Partners by 23.5% in the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 6,228,448 shares of the pipeline company's stock valued at $238,300,000 after buying an additional 1,184,597 shares in the last quarter. Fractal Investments LLC increased its position in shares of Western Midstream Partners by 5.4% in the 3rd quarter. Fractal Investments LLC now owns 1,465,706 shares of the pipeline company's stock valued at $56,078,000 after buying an additional 75,145 shares in the last quarter. Miller Howard Investments Inc. NY increased its position in shares of Western Midstream Partners by 2.8% in the 2nd quarter. Miller Howard Investments Inc. NY now owns 1,458,530 shares of the pipeline company's stock valued at $57,947,000 after buying an additional 39,827 shares in the last quarter. Finally, Recurrent Investment Advisors LLC increased its position in shares of Western Midstream Partners by 5.4% in the 3rd quarter. Recurrent Investment Advisors LLC now owns 1,397,140 shares of the pipeline company's stock valued at $53,455,000 after buying an additional 71,210 shares in the last quarter. Institutional investors and hedge funds own 42.94% of the company's stock.
Western Midstream Partners Stock Up 1.1 %
Shares of WES opened at $38.75 on Wednesday. The company has a market capitalization of $14.74 billion, a P/E ratio of 9.88, a PEG ratio of 1.03 and a beta of 2.88. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.11 and a quick ratio of 1.11. Western Midstream Partners has a one year low of $26.81 and a one year high of $42.80. The business's 50 day simple moving average is $38.30 and its 200-day simple moving average is $38.70.
Western Midstream Partners (NYSE:WES - Get Free Report) last announced its earnings results on Wednesday, November 6th. The pipeline company reported $0.74 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.09). The business had revenue of $883.36 million during the quarter, compared to analyst estimates of $924.83 million. Western Midstream Partners had a return on equity of 46.02% and a net margin of 42.99%. The firm's revenue was up 13.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.70 earnings per share. As a group, sell-side analysts predict that Western Midstream Partners will post 4.09 EPS for the current fiscal year.
Western Midstream Partners Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Friday, November 1st were paid a $0.875 dividend. This represents a $3.50 dividend on an annualized basis and a dividend yield of 9.03%. The ex-dividend date was Friday, November 1st. Western Midstream Partners's dividend payout ratio (DPR) is currently 89.29%.
About Western Midstream Partners
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Get Free ReportWestern 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.
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