Western Midstream Partners (NYSE:WES) Upgraded at US Capital Advisors

Western Midstream Partners (NYSE:WES) was upgraded by analysts at US Capital Advisors from a “hold” rating to a “moderate buy” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Several other research analysts have also weighed in on WES. UBS Group lowered their target price on shares of Western Midstream Partners from $40.00 to $37.00 and set a “neutral” rating on the stock in a research report on Friday, November 15th. Morgan Stanley lowered shares of Western Midstream Partners from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $42.00 to $40.00 in a research report on Friday, October 25th. Stifel Nicolaus upped their target price on shares of Western Midstream Partners from $39.00 to $40.00 and gave the stock a “hold” rating in a research report on Friday, August 9th. StockNews.com downgraded shares of Western Midstream Partners from a “strong-buy” rating to a “buy” rating in a report on Monday, October 28th. Finally, Royal Bank of Canada upped their price target on shares of Western Midstream Partners from $38.00 to $41.00 and gave the company a “sector perform” rating in a report on Wednesday, October 16th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Western Midstream Partners currently has an average rating of “Hold” and a consensus target price of $37.88.

Western Midstream Partners Trading Up 2.3 %

Shares of Western Midstream Partners stock opened at $39.65 on Tuesday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.05. The company’s 50-day simple moving average is $38.27 and its 200-day simple moving average is $38.72. Western Midstream Partners has a 52-week low of $26.81 and a 52-week high of $42.80. The firm has a market cap of $15.09 billion, a price-to-earnings ratio of 9.88, a price-to-earnings-growth ratio of 1.03 and a beta of 2.88.

Western Midstream Partners (NYSE:WES) last issued its earnings results on Wednesday, November 6th. The pipeline company reported $0.74 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.09). Western Midstream Partners had a return on equity of 46.02% and a net margin of 42.99%. The company had revenue of $883.36 million for the quarter, compared to analyst estimates of $924.83 million. During the same quarter in the previous year, the company posted $0.70 earnings per share. The company’s quarterly revenue was up 13.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Western Midstream Partners will post 4.09 earnings per share for the current year.

Hedge Funds Weigh In On Western Midstream Partners

Several institutional investors and hedge funds have recently modified their holdings of the company. Tidal Investments LLC lifted its stake in shares of Western Midstream Partners by 26.4% during the third quarter. Tidal Investments LLC now owns 13,796 shares of the pipeline company’s stock valued at $528,000 after buying an additional 2,879 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Western Midstream Partners during the third quarter worth approximately $166,000. Virtu Financial LLC purchased a new position in Western Midstream Partners during the third quarter worth approximately $409,000. M&T Bank Corp purchased a new position in Western Midstream Partners during the third quarter worth approximately $765,000. Finally, Duff & Phelps Investment Management Co. raised its stake in Western Midstream Partners by 6,986.8% during the third quarter. Duff & Phelps Investment Management Co. now owns 708,683 shares of the pipeline company’s stock worth $27,114,000 after purchasing an additional 698,683 shares during the period. Hedge funds and other institutional investors own 42.94% of the company’s stock.

About Western Midstream Partners

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.