Western Midstream Partners (NYSE:WES) Cut to Hold at StockNews.com

Western Midstream Partners (NYSE:WES) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

Several other equities research analysts have also issued reports on WES. UBS Group decreased their target price on Western Midstream Partners from $40.00 to $37.00 and set a “neutral” rating for the company in a research report on Friday, November 15th. US Capital Advisors raised Western Midstream Partners from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, November 26th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $41.00 target price on shares of Western Midstream Partners in a research report on Monday, December 9th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $38.43.

Western Midstream Partners Trading Up 1.5 %

Shares of Western Midstream Partners stock opened at $40.54 on Friday. Western Midstream Partners has a 1 year low of $33.25 and a 1 year high of $43.33. The firm has a market cap of $15.43 billion, a PE ratio of 10.34, a P/E/G ratio of 1.40 and a beta of 2.88. The stock has a fifty day moving average price of $40.52 and a 200-day moving average price of $39.21. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.11 and a quick ratio of 1.11.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Cary Street Partners Financial LLC bought a new position in Western Midstream Partners in the 4th quarter worth about $39,000. Harbour Investments Inc. boosted its stake in Western Midstream Partners by 555.6% in the 4th quarter. Harbour Investments Inc. now owns 1,180 shares of the pipeline company’s stock worth $45,000 after purchasing an additional 1,000 shares during the period. Global Retirement Partners LLC bought a new position in Western Midstream Partners in the 4th quarter worth about $51,000. Empowered Funds LLC bought a new position in Western Midstream Partners in the 4th quarter worth about $53,000. Finally, Farther Finance Advisors LLC boosted its stake in Western Midstream Partners by 287.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,437 shares of the pipeline company’s stock worth $55,000 after purchasing an additional 1,066 shares during the period. Institutional investors 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.