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RBC Capital Sticks to Their Hold Rating for Western Midstream Partners

·1 min read

RBC Capital analyst Elvira Scotto maintained a Hold rating on Western Midstream Partners (NYSE:WES) on Friday, setting a price target of $8, which is approximately 9.29% above the present share price of $7.32.

Scotto expects Western Midstream Partners to post earnings per share (EPS) of -$0.57 for the second quarter of 2020.

The current consensus among 7 TipRanks analysts is for a Hold rating of shares in Western Midstream Partners, with an average price target of $10.8.
The analysts price targets range from a high of $26 to a low of $6.

In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $774.31 million and a net profit of $320.59 million. The company's market cap is $3.25 billion.

According to TipRanks.com, RBC Capital analyst Elvira Scotto is a 5-star analyst with an average return of 15.3% and a 59.8% success rate.

Western Midstream Partners LP owns, operates, acquires and develops midstream energy assets. It engages in the business of gathering, processing, compressing, treating, and transporting natural gas, condensate, natural gas liquids, and crude oil for Anadarko, as well as third-party producers and customers. The company was founded in 2007 and is headquartered in The Woodlands, TX.