Western Midstream Partners, LP (NYSE:WES) Receives Consensus Recommendation of “Reduce” from Analysts

Shares of Western Midstream Partners, LP (NYSE:WES) have been assigned a consensus recommendation of “Reduce” from the nine ratings firms that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $38.43.

Several brokerages have commented on WES. US Capital Advisors raised shares of Western Midstream Partners from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, November 26th. StockNews.com upgraded shares of Western Midstream Partners from a “hold” rating to a “buy” rating in a research note on Saturday, March 8th. UBS Group lowered their price objective on shares of Western Midstream Partners from $40.00 to $37.00 and set a “neutral” rating on the stock in a research note on Friday, November 15th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $41.00 price objective on shares of Western Midstream Partners in a research note on Monday, December 9th.

Western Midstream Partners Trading Down 2.0 %

Shares of NYSE:WES opened at $39.57 on Friday. The company’s 50-day moving average price is $40.57 and its two-hundred day moving average price is $39.29. 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 $33.42 and a one year high of $43.33. The stock has a market capitalization of $15.09 billion, a PE ratio of 10.09, a price-to-earnings-growth ratio of 1.40 and a beta of 2.88.

Western Midstream Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were paid a $0.875 dividend. The ex-dividend date was Monday, February 3rd. This represents a $3.50 dividend on an annualized basis and a yield of 8.85%. Western Midstream Partners’s dividend payout ratio (DPR) is currently 86.85%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Cary Street Partners Financial LLC acquired a new position in Western Midstream Partners in the 4th quarter valued at about $39,000. Harbour Investments Inc. boosted its holdings in Western Midstream Partners by 555.6% in the 4th quarter. Harbour Investments Inc. now owns 1,180 shares of the pipeline company’s stock valued at $45,000 after purchasing an additional 1,000 shares during the period. Global Retirement Partners LLC bought a new stake in Western Midstream Partners in the 4th quarter valued at about $51,000. Empowered Funds LLC bought a new stake in Western Midstream Partners in the 4th quarter valued at about $53,000. Finally, Farther Finance Advisors LLC boosted its holdings in Western Midstream Partners by 287.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,437 shares of the pipeline company’s stock valued at $55,000 after purchasing an additional 1,066 shares during the period. Institutional investors and hedge funds own 84.82% of the company’s stock.

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.