Western Midstream Partners, LP which can be found using ticker (WES) have now 13 market analysts covering the stock. The analyst consensus now points to a rating of ‘Buy’. The target price High/Low ranges between 36 and 27 calculating the average target price we see $32.69. Now with the previous closing price of $26.47 this is indicating there is a potential upside of 23.5%. The 50 day moving average now sits at $26.36 and the 200 moving average now moves to $26.93. The market capitalization for the company is $9,980m. Find out more information at: https://www.westernmidstream.com
The potential market cap would be $12,325m based on the market consensus.
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. 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.
The company has a dividend yield of 13.2% with the ex dividend date set at 28-4-2023 (DMY).
Other points of data to note are a P/E ratio of 8.64, revenue per share of 8.23 and a 7.41% return on assets.
