Western Midstream Partners Receives 'Reduce' Rating from Analysts Amid Market Fluctuations

Western Midstream Partners, LP (NYSE:WES) has received an average rating of "Reduce" from six analyst firms covering the company, according to MarketBeat. Among these, two analysts recommend selling, three suggest holding, and one advocates buying the stock. The average price target over the next year is estimated at $39.83. In a recent update, investment firm Mizuho lowered their price target for WES from $45.00 to $44.00, maintaining an "outperform" rating as of May 20th. On Monday, WES opened at $39.39, with its 50-day moving average at $38.98 and the 200-day average at $39.34. The company's financial ratios include a current ratio of 1.18, a quick ratio of 1.18, and a debt-to-equity ratio of 2.08. Western Midstream Partners has a market capitalization of approximately $15 billion, a price-to-earnings ratio of 11.76, and a beta of 1.13. Its 52-week trading range spans from $33.60 to $43.33. In its latest quarterly earnings report on May 7th, the company posted earnings per share of $0.79, slightly below the consensus estimate of $0.83. Revenue for the quarter reached $917.12 million, compared to expected $926.55 million. The firm reported a return on equity of 38.52% and a ne...