Western Midstream Partners - WES Stock Forecast, Price & News

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.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on WES shares. Barclays raised their price target on Western Midstream Partners from $29.00 to $31.00 and gave the stock an "overweight" rating in a report on Wednesday, July 20th. Morgan Stanley lifted their target price on Western Midstream Partners from $31.00 to $35.00 and gave the company an "overweight" rating in a report on Wednesday, July 20th. Wolfe Research assumed coverage on shares of Western Midstream Partners in a report on Monday, August 1st. They issued a "peer perform" rating on the stock. Mizuho boosted their price objective on shares of Western Midstream Partners from $31.00 to $32.00 in a research note on Friday, May 13th. Finally, StockNews.com cut shares of Western Midstream Partners from a "strong-buy" rating to a "buy" rating in a research note on Friday, July 22nd. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $31.00.

Western Midstream Partners Stock Up 2.3 %

WES Stock opened at $28.30 on Wednesday. The company's 50 day moving average is $25.73 and its 200 day moving average is $25.62. The stock has a market cap of $10.94 billion, a price-to-earnings ratio of 10.56 and a beta of 3.09. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 2.01. Western Midstream Partners has a 1-year low of $18.09 and a 1-year high of $29.50.

Western Midstream Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 12th. Stockholders of record on Monday, August 1st were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 7.07%. The ex-dividend date of this dividend was Friday, July 29th. Western Midstream Partners's dividend payout ratio (DPR) is currently 74.63%.

Insider Transactions at Western Midstream Partners

In related news, major shareholder Petroleum Corp /De/ Occidental sold 10,000,000 shares of the stock in a transaction on Thursday, July 21st. The stock was sold at an average price of $25.25, for a total value of $252,500,000.00. Following the transaction, the insider now owns 190,281,578 shares of the company's stock, valued at $4,804,609,844.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Western Midstream Partners news, major shareholder Petroleum Corp /De/ Occidental sold 10,000,000 shares of the company's stock in a transaction that occurred on Thursday, July 21st. The stock was sold at an average price of $25.25, for a total value of $252,500,000.00. Following the completion of the sale, the insider now owns 190,281,578 shares of the company's stock, valued at $4,804,609,844.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Robert W. Bourne purchased 2,500 shares of the firm's stock in a transaction on Friday, June 17th. The shares were acquired at an average cost of $22.90 per share, for a total transaction of $57,250.00. Following the completion of the purchase, the senior vice president now directly owns 34,400 shares of the company's stock, valued at approximately $787,760. The disclosure for this purchase can be found here. 0.04% of the stock is currently owned by insiders.