Shares of Western Midstream Partners LP (NYSE:WES) have earned a consensus rating of “Hold” from the twelve research firms that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $43.78.
Several equities analysts have issued reports on the stock. Mitsubishi UFJ Financial Group dropped their price objective on shares of Western Midstream Partners from $55.00 to $42.00 and set an “overweight” rating on the stock in a research note on Monday, April 15th. ValuEngine raised shares of Zynerba Pharmaceuticals from a “hold” rating to a “buy” rating in a research note on Tuesday, April 30th. Citigroup upped their price target on shares of Walt Disney from $126.00 to $132.00 and gave the stock a “buy” rating in a research note on Tuesday, April 9th. Barclays reaffirmed a “buy” rating on shares of Bayerische Motoren Werke in a research note on Friday, March 22nd. Finally, Mizuho cut shares of Advantest from a “neutral” rating to an “underperform” rating in a research note on Friday, June 14th.
WES traded down $0.24 during trading on Friday, hitting $30.46. The stock had a trading volume of 2,381 shares, compared to its average volume of 720,562. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 1.45. The company has a market capitalization of $14.31 billion, a price-to-earnings ratio of 12.23, a P/E/G ratio of 2.29 and a beta of 1.42. The business has a 50-day moving average of $30.10. Western Midstream Partners has a twelve month low of $25.89 and a twelve month high of $37.69.
Western Midstream Partners (NYSE:WES) last announced its quarterly earnings data on Tuesday, April 30th. The pipeline company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.17). The firm had revenue of $671.88 million during the quarter, compared to analyst estimates of $622.45 million. Western Midstream Partners had a net margin of 16.47% and a return on equity of 11.61%. The business’s quarterly revenue was up 34.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.46 earnings per share. As a group, analysts predict that Western Midstream Partners will post 2.3 earnings per share for the current year.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Executive Wealth Management LLC acquired a new stake in Western Midstream Partners in the 4th quarter valued at about $25,000. Bessemer Group Inc. grew its stake in Western Midstream Partners by 61.0% in the 4th quarter. Bessemer Group Inc. now owns 800 shares of the pipeline company’s stock valued at $34,000 after acquiring an additional 303 shares during the last quarter. Winslow Evans & Crocker Inc. grew its stake in Western Midstream Partners by 52.6% in the 1st quarter. Winslow Evans & Crocker Inc. now owns 1,526 shares of the pipeline company’s stock valued at $48,000 after acquiring an additional 526 shares during the last quarter. Advisor Group Inc. grew its stake in Western Midstream Partners by 25.4% in the 4th quarter. Advisor Group Inc. now owns 1,234 shares of the pipeline company’s stock valued at $52,000 after acquiring an additional 250 shares during the last quarter. Finally, Hall Laurie J Trustee lifted its holdings in Western Midstream Partners by 52.4% in the 1st quarter. Hall Laurie J Trustee now owns 1,753 shares of the pipeline company’s stock valued at $55,000 after purchasing an additional 603 shares in the last quarter. 41.13% of the stock is currently owned by hedge funds and other institutional investors.
Western Midstream Partners Company Profile
Western Midstream Partners, LP, together with its subsidiaries, engages in gathering, processing, compressing, treating, stabilizing, and transporting natural gas, condensate, natural gas liquids, and crude oil primarily in the United States. It is also involved in the gathering and disposing of produced water; and buying and selling of natural gas.
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