Western Midstream Partners (NYSE:WES) Stock Rating Lowered by StockNews.com

Western Midstream Partners (NYSE:WES) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Friday.

WES has been the subject of several other reports. UBS Group lowered 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. Royal Bank of Canada reissued a “sector perform” rating and issued a $41.00 price target on shares of Western Midstream Partners in a research note on Monday, December 9th. Finally, US Capital Advisors raised Western Midstream Partners from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, November 26th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $38.43.

Western Midstream Partners Stock Up 1.5 %

Shares of WES stock opened at $40.54 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. Western Midstream Partners has a 1 year low of $33.25 and a 1 year high of $43.33. The firm’s fifty day moving average price is $40.52 and its two-hundred day moving average price is $39.21. The firm has a market capitalization of $15.43 billion, a P/E ratio of 10.34, a PEG ratio of 1.40 and a beta of 2.88.

Hedge Funds Weigh In On Western Midstream Partners

A number of large investors have recently modified their holdings of WES. Private Advisor Group LLC raised its position in Western Midstream Partners by 9.6% in the 3rd quarter. Private Advisor Group LLC now owns 6,066 shares of the pipeline company’s stock valued at $232,000 after buying an additional 531 shares during the last quarter. International Assets Investment Management LLC raised its position in Western Midstream Partners by 9,082.5% in the 3rd quarter. International Assets Investment Management LLC now owns 18,365 shares of the pipeline company’s stock valued at $703,000 after buying an additional 18,165 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Western Midstream Partners by 6.7% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 32,788 shares of the pipeline company’s stock valued at $1,254,000 after buying an additional 2,066 shares during the last quarter. Gladstone Institutional Advisory LLC purchased a new stake in Western Midstream Partners in the 3rd quarter valued at $518,000. Finally, Americana Partners LLC raised its position in Western Midstream Partners by 0.7% in the 3rd quarter. Americana Partners LLC now owns 142,882 shares of the pipeline company’s stock valued at $5,467,000 after buying an additional 973 shares during the last quarter. 84.82% of the stock is currently owned by institutional investors.

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.