Western Midstream Partners, LP which can be found using ticker (WES) have now 12 analysts in total covering the stock. The consensus rating is pointing to ‘Buy’. The target price High/Low ranges between 37 and 27 calculating the average target price we see $32.83. Given that the stocks previous close was at $27.02 this would imply there is now a potential upside of 21.5%. There is a 50 day moving average of $26.62 and the 200 moving average now moves to $26.82. The company has a market capitalization of $10,392m. Find out more information at: https://www.westernmidstream.com
The potential market cap would be $12,627m 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 7.41% with the ex dividend date set at 31-1-2023 (DMY).
Other points of data to note are a P/E ratio of 9, revenue per share of 8.23 and a 7.41% return on assets.
