Western Midstream PartnersWES
Market Cap: $14.4B
About: Western Midstream Partners LP is a US-based company which own, operate, acquire and develop midstream energy assets. The company through its subsidiary is engaged in the business of gathering, processing, compressing, treating and transporting natural gas, condensate, NGLs and crude oil. It owns or has investments in assets located in the Rocky Mountains (Colorado, Utah, and Wyoming), the Mid-Continent (Kansas and Oklahoma), North-central Pennsylvania and Texas.
Employees: 1,377
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
173% more call options, than puts
Call options by funds: $46.1M | Put options by funds: $16.9M
157% more first-time investments, than exits
New positions opened: 59 | Existing positions closed: 23
17% more funds holding
Funds holding: 214 [Q1] → 250 (+36) [Q2]
7% more capital invested
Capital invested by funds: $5.57B [Q1] → $5.96B (+$395M) [Q2]
3% more repeat investments, than reductions
Existing positions increased: 73 | Existing positions reduced: 71
0% more funds holding in top 10
Funds holding in top 10: 18 [Q1] → 18 (+0) [Q2]
2.05% less ownership
Funds ownership: 41.51% [Q1] → 39.46% (-2.05%) [Q2]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
RBC Capital Elvira Scotto 76% 1-year accuracy 13 / 17 met price target | 1%upside $38 | Sector Perform Maintained | 27 Aug 2024 |
Stifel Selman Akyol 65% 1-year accuracy 15 / 23 met price target | 6%upside $40 | Hold Maintained | 9 Aug 2024 |
Stifel Selman Akyol 65% 1-year accuracy 15 / 23 met price target | 3%upside $39 | Hold Downgraded | 10 Jul 2024 |
Financial journalist opinion
Based on 8 articles about WES published over the past 30 days