Western Midstream Partners, LP (NYSE:WES) Receives Consensus Rating of “Reduce” from Analysts

Western Midstream Partners, LP (NYSE:WES) has received a consensus recommendation of “Reduce” from the nine brokerages that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $38.43.

WES has been the topic of a number of recent research reports. StockNews.com upgraded Western Midstream Partners from a “hold” rating to a “buy” rating in a research note on Saturday. UBS Group reduced their price objective on Western Midstream Partners from $40.00 to $37.00 and set a “neutral” rating on the stock in a research note on Friday, November 15th. Royal Bank of Canada restated a “sector perform” rating and set a $41.00 price objective on shares of Western Midstream Partners in a research note on Monday, December 9th. Finally, US Capital Advisors upgraded Western Midstream Partners from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, November 26th.

Western Midstream Partners Trading Up 0.4 %

Shares of WES opened at $40.65 on Friday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.05. The firm has a market capitalization of $15.50 billion, a P/E ratio of 10.37, a price-to-earnings-growth ratio of 1.40 and a beta of 2.88. The stock’s fifty day simple moving average is $40.49 and its 200 day simple moving average is $39.27. Western Midstream Partners has a twelve month low of $33.42 and a twelve month high of $43.33.

Western Midstream Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were paid a $0.875 dividend. This represents a $3.50 annualized dividend and a dividend yield of 8.61%. The ex-dividend date was Monday, February 3rd. Western Midstream Partners’s dividend payout ratio (DPR) is 86.85%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Cary Street Partners Financial LLC bought a new stake in Western Midstream Partners in the fourth quarter valued at about $39,000. Harbour Investments Inc. increased its holdings in Western Midstream Partners by 555.6% in the fourth quarter. Harbour Investments Inc. now owns 1,180 shares of the pipeline company’s stock valued at $45,000 after buying an additional 1,000 shares during the last quarter. Global Retirement Partners LLC bought a new stake in Western Midstream Partners in the fourth quarter valued at about $51,000. Empowered Funds LLC bought a new stake in Western Midstream Partners in the fourth quarter valued at about $53,000. Finally, Farther Finance Advisors LLC increased its holdings in Western Midstream Partners by 287.3% in the third quarter. Farther Finance Advisors LLC now owns 1,437 shares of the pipeline company’s stock valued at $55,000 after buying an additional 1,066 shares during the last quarter. Institutional investors and hedge funds own 84.82% of the company’s stock.

Western Midstream Partners Company Profile

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.