Western Midstream Partners, LP found using ticker (WES) have now 13 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 29 and 25 with the average target price sitting at 27.31. With the stocks previous close at 23.76 this would imply there is a potential upside of 14.9%. The day 50 moving average is 21.62 while the 200 day moving average is 21.02. The company has a market capitalisation of $9,577m. Company Website: https://www.westernmidstream.com
The potential market cap would be $11,008m based on the market concensus.
Western Midstream Partners, LP, together with its subsidiaries, acquire, own, develop, and operate midstream assets primarily in the United States. It is involved in gathering, compressing, treating, processing, and transporting of natural gas; gathering, stabilizing, and transporting of condensate, natural gas liquids, and crude oil; and gathering and disposing of produced water. The company also buys and sells natural gas, NGLs, and condensate. Western Midstream Holdings, LLC operates as the general partner of the company. The company was formerly known as Western Gas Equity Partners, LP and changed its name to Western Midstream Partners, LP in February 2019. The company was founded in 2007 and is headquartered in The Woodlands, Texas.
