Western Midstream Partners, LP (NYSE:WES) Receives Average Recommendation of "Reduce" from Brokerages

Western Midstream Partners, LP (NYSE:WES - Get Free Report) has earned a consensus rating of "Reduce" from the eight analysts that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $38.43.

A number of research analysts have weighed in on the company. StockNews.com upgraded Western Midstream Partners from a "hold" rating to a "buy" rating in a report on Saturday, March 8th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $41.00 price target on shares of Western Midstream Partners in a research note on Monday, December 9th.

Hedge Funds Weigh In On Western Midstream Partners

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Apollon Wealth Management LLC raised its stake in shares of Western Midstream Partners by 1.2% in the fourth quarter. Apollon Wealth Management LLC now owns 25,691 shares of the pipeline company's stock worth $987,000 after purchasing an additional 295 shares during the last quarter. Integrated Wealth Concepts LLC raised its position in Western Midstream Partners by 4.7% in the 4th quarter. Integrated Wealth Concepts LLC now owns 6,833 shares of the pipeline company's stock worth $263,000 after buying an additional 306 shares during the last quarter. Virtus ETF Advisers LLC lifted its stake in Western Midstream Partners by 7.3% during the 4th quarter. Virtus ETF Advisers LLC now owns 4,564 shares of the pipeline company's stock valued at $175,000 after acquiring an additional 311 shares during the period. RE Dickinson Investment Advisors LLC boosted its holdings in shares of Western Midstream Partners by 21.8% during the 4th quarter. RE Dickinson Investment Advisors LLC now owns 2,168 shares of the pipeline company's stock valued at $83,000 after acquiring an additional 388 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its stake in shares of Western Midstream Partners by 34.7% in the fourth quarter. Farther Finance Advisors LLC now owns 1,935 shares of the pipeline company's stock worth $74,000 after acquiring an additional 498 shares during the period. 84.82% of the stock is owned by institutional investors.

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Western Midstream Partners Trading Down 8.5 %

Shares of WES stock traded down $3.43 during trading hours on Tuesday, reaching $36.77. The company's stock had a trading volume of 1,278,333 shares, compared to its average volume of 1,223,367. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.05. The stock has a market capitalization of $14.02 billion, a P/E ratio of 9.37, a P/E/G ratio of 1.40 and a beta of 2.40. The firm's fifty day simple moving average is $40.74 and its 200 day simple moving average is $39.61. Western Midstream Partners has a one year low of $33.64 and a one year high of $43.33.

Western Midstream Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were paid a dividend of $0.875 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $3.50 dividend on an annualized basis and a yield of 9.52%. Western Midstream Partners's dividend payout ratio is currently 86.85%.

Western Midstream Partners Company Profile

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.