Wells Fargo Remains a Hold on Western Midstream Partners (WES)
In a report released today, Ned Baramov from Wells Fargo maintained a Hold rating on Western Midstream Partners, with a price target of $41.00.
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Baramov covers the Energy sector, focusing on stocks such as Antero Midstream, Sunoco, and Western Midstream Partners. According to TipRanks, Baramov has an average return of -6.7% and a 50.00% success rate on recommended stocks.
In a report released yesterday, J.P. Morgan also maintained a Hold rating on the stock with a $43.00 price target.
Based on Western Midstream Partners’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.03 billion and a net profit of $187.18 million. In comparison, last year the company earned a revenue of $928.5 million and had a net profit of $333.61 million
Based on the recent corporate insider activity of 13 insiders, corporate insider sentiment is neutral on the stock. Earlier this month, Robert G. Phillips, a Director at WES bought 1,250.00 shares for a total of $50,237.50.
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- Western Midstream price target lowered to $43 from $44 at JPMorgan
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