Western Midstream Partners, LP with ticker code (WES) now have 12 analysts in total covering the stock. The consensus rating is ‘Buy’. The range between the high target price and low target price is between 37 and 27 with the average target price sitting at 33. With the stocks previous close at 28.42 this indicates there is a potential upside of 16.1%. The 50 day moving average now sits at 26.98 while the 200 day moving average is 26.58. The market capitalisation for the company is $10,859m. Company Website: https://www.westernmidstream.com
The potential market cap would be $12,609m based on the market concensus.
Western Midstream Partners, LP, a midstream energy company, together with its subsidiaries, acquires, owns, develops, and operates 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. It also buys and sells natural gas, NGLs, and condensate. The company operates assets located in Texas, New Mexico, the Rocky Mountains, and North-central Pennsylvania. 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. Western Midstream Partners, LP was incorporated in 2007 and is based in The Woodlands, Texas.
