Western Midstream Partners LP (WES) Stock AnalysisWESWestern Midstream Partners LP

Western Midstream Partners, LP acquires, owns, develops and operates midstream assets. It is engaged in the business of gathering, compressing, treating, processing, and transporting natural gas, gathering, stabilizing, and transporting condensate, natural gas liquids (NGLs), and crude oil, and gathering and disposing of produced water. Its core assets provide services for customers in the Delaware Basin in West Texas and New Mexico, and the DJ Basin in northeastern Colorado, and the Powder River Basin in Northeast Wyoming. Additional assets and investments are in South Texas, Utah, and Southwest Wyoming. In its capacity as a natural gas processor, the Company also buys and sells natural gas, NGLs, and condensate on its behalf and its customers under certain gas processing contracts. Its subsidiaries include Western Midstream Operating GP, LLC, Western Midstream Services, LLC, Western Midstream Services Holdings, LLC, Western Midstream Operating, LP, and Aris Water Solutions, Inc. It operates in the Energy sector (NATURAL GAS TRANSMISSION industry).

Western Midstream Partners LP (WES) is a good buy right now, trading at $48.3 with a forward P/E of 13.12, which is relatively low compared to industry standards. The company has shown strong growth potential, with a 193% increase in distributions since 2020 and an expected distributable cash flow between $2.1 billion and $2.3 billion this year. However, a notable risk is the hedge funds selling trend, which has increased by 2124.68% over the last quarter, indicating potential market concerns.

17 analysts cover WES: 11 rate it Buy, 6 Hold and 0 Sell. The average price target is 40.50.