Western Midstream Partners, LP with 8.16% dividend yield – Consensus Indicates Potential 30.3% Upside

Broker Ratings

Western Midstream Partners, LP which can be found using ticker (WES) have now 12 analysts in total covering the stock. The consensus rating is pointing to ‘Buy’. The range between the high target price and low target price is between 37 and 27 calculating the mean target price we have $32.83. Given that the stocks previous close was at $25.20 and the analysts are correct then there would likely be a percentage uptick in value of 30.3%. The day 50 moving average is $27.17 and the 200 day moving average is $26.80. The company has a market cap of $9,742m. You can visit the company’s website by visiting: https://www.westernmidstream.com

The potential market cap would be $12,691m based on the market consensus.

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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. 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.

The company has a dividend yield of 8.16% with the ex dividend date set at 31-1-2023 (DMY).

Other points of data to note are a P/E ratio of 8.16, revenue per share of 8.23 and a 7.41% return on assets.

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