Breaking Down Western Midstream: 4 Analysts Share Their Views
Portfolio Pulse from Benzinga Insights
Western Midstream (NYSE:WES) has received varied analyst ratings over the last three months, with a recent shift towards a more bullish outlook. Four analysts have updated their ratings, leading to an increase in the average 12-month price target to $35.75, up from $31.50. This reflects a 13.49% increase and is based on improved company performance and market conditions. Western Midstream, engaged in midstream energy assets, has shown notable revenue growth, a high net margin, and strong ROE and ROA, despite a high debt-to-equity ratio.
May 07, 2024 | 12:00 pm
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Western Midstream's stock has seen a positive shift in analyst sentiment, with an updated average 12-month price target of $35.75, indicating a bullish outlook based on the company's strong financial performance and market position.
The increase in Western Midstream's price target is a direct result of the company's notable revenue growth, high net margin, and strong returns on equity and assets, despite its high debt-to-equity ratio. These factors contribute to a bullish outlook among analysts, suggesting a positive short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100