Western Midstream downgraded by Morgan Stanley with a new price target
$WES
Natural Gas Distribution
Utilities
Morgan Stanley downgraded Western Midstream from Equal-Weight to Underweight and set a new price target of $40.00 from $42.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/25/2024 | $42.00 → $40.00 | Equal-Weight → Underweight | Morgan Stanley |
| 10/17/2024 | $37.00 | Underperform | BofA Securities |
| 9/16/2024 | $42.00 | Overweight → Equal-Weight | Morgan Stanley |
| 7/10/2024 | $39.00 | Buy → Hold | Stifel |
| 4/18/2024 | Underperform → Peer Perform | Wolfe Research | |
| 3/19/2024 | Outperform → Mkt Perform | Raymond James | |
| 2/29/2024 | $30.00 → $34.00 | Buy → Neutral | Citigroup |
| 12/13/2023 | $30.00 → $27.00 | Buy → Underperform | BofA Securities |
Stifel analyst Selman Akyol downgrades Western Midstream (NYSE:WES) from Buy to Hold and maintains the price target from $39 to $39.
Western Midstream's (NYSE:WES) short percent of float has risen 18.56% since its last report. The company recently reported that it has 8.13 million shares sold short, which is 4.28% of all regular shares that are available for trading. Based on its trading volume, it would take traders 7.26 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short inter
Wells Fargo analyst Michael Blum maintains Western Midstream (NYSE:WES) with a Equal-Weight and raises the price target from $34 to $35.
SC 13G/A - Western Midstream Partners, LP (0001423902) (Subject)
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SC 13G - Western Midstream Partners, LP (0001423902) (Subject)
4 - Western Midstream Partners, LP (0001423902) (Issuer)
4 - Western Midstream Partners, LP (0001423902) (Issuer)
4 - Western Midstream Partners, LP (0001423902) (Issuer)
Reported third-quarter 2024 Net income attributable to limited partners of $281.8 million, generating third-quarter Adjusted EBITDA(1) of $566.9 million.Reported third-quarter 2024 Cash flows provided by operating activities of $551.3 million, generating third-quarter Free cash flow(1) of $365.1 million.Announced a third-quarter Base Distribution of $0.875 per unit, or $3.50 per unit on an annualized basis, which is in-line with the prior-quarter's Base Distribution.HOUSTON, Nov. 6, 2024 /PRNewswire/ -- Today Western Midstream Partners, LP (NYSE:WES) ("WES" or the "Partnership") announced third-quarter 2024 financial and operating results. Net income (loss) attributable to limited partners f
Michael Ure Steps Down Following Successful Transformation of Western Midstream into Leading Midstream Operator Partnership Reaffirms 2024 Adjusted EBITDA and Free Cash Flow Guidance HOUSTON, Oct. 28, 2024 /PRNewswire/ -- Today Western Midstream Partners, LP (NYSE:WES) ("WES" or the "Partnership") announced Oscar K. Brown, an independent director of Western Midstream Holdings, LLC, WES's general partner (the "General Partner"), has been appointed President and Chief Executive Officer of the General Partner, effective immediately. The Board of Directors of the General Partner (the "Board") and Michael Ure agreed that he will step down from his position, including as Director. To ensure a smoo
HOUSTON, Oct. 17, 2024 /PRNewswire/ -- Today Western Midstream Partners, LP (NYSE:WES) ("WES" or the "Partnership") announced that the board of directors of its general partner declared a quarterly cash distribution ("Base Distribution") of $0.8750 per unit for the third quarter of 2024, or $3.50 on an annualized basis, which is in-line with the prior quarter's Base Distribution. WES's third-quarter 2024 Base Distribution is payable on November 14, 2024, to unitholders of record at the close of business on November 1, 2024. The Partnership plans to report its third-quarter 2024 results after market close on Wednesday, November 6, 2024. Management will host a conference call on Thursday, Nove
AND PARTICIPATION IN UPCOMING INVESTOR CONFERENCES HOUSTON, Nov. 11, 2024 /PRNewswire/ -- Today Western Midstream Partners, LP (NYSE:WES) ("WES" or the "Partnership") announced that tomorrow before the market open it will make available on its website at www.westernmidstream.com a post-earnings interview with Oscar Brown, President & Chief Executive Officer, and Kristen Shults, Senior Vice President and Chief Financial Officer, that provides additional insights related to WES's third-quarter results. In addition, WES intends to participate in the following investor conferences
Reported third-quarter 2024 Net income attributable to limited partners of $281.8 million, generating third-quarter Adjusted EBITDA(1) of $566.9 million.Reported third-quarter 2024 Cash flows provided by operating activities of $551.3 million, generating third-quarter Free cash flow(1) of $365.1 million.Announced a third-quarter Base Distribution of $0.875 per unit, or $3.50 per unit on an annualized basis, which is in-line with the prior-quarter's Base Distribution.HOUSTON, Nov. 6, 2024 /PRNewswire/ -- Today Western Midstream Partners, LP (NYSE:WES) ("WES" or the "Partnership") announced third-quarter 2024 financial and operating results. Net income (loss) attributable to limited partners f
Michael Ure Steps Down Following Successful Transformation of Western Midstream into Leading Midstream Operator Partnership Reaffirms 2024 Adjusted EBITDA and Free Cash Flow Guidance HOUSTON, Oct. 28, 2024 /PRNewswire/ -- Today Western Midstream Partners, LP (NYSE:WES) ("WES" or the "Partnership") announced Oscar K. Brown, an independent director of Western Midstream Holdings, LLC, WES's general partner (the "General Partner"), has been appointed President and Chief Executive Officer of the General Partner, effective immediately. The Board of Directors of the General Partner (the "Board") and Michael Ure agreed that he will step down from his position, including as Director. To ensure a smoo
Morgan Stanley downgraded Western Midstream from Equal-Weight to Underweight and set a new price target of $40.00 from $42.00 previously
BofA Securities resumed coverage of Western Midstream with a rating of Underperform and set a new price target of $37.00
Morgan Stanley downgraded Western Midstream from Overweight to Equal-Weight and set a new price target of $42.00
Today Western Midstream Partners, LP (NYSE:WES) ("WES" or the "Partnership") announced the appointment of Kristen Shults to Senior Vice President and Chief Financial Officer, effective on May 2, 2022. In this role, Shults will continue to lead the organization's Finance, Investor Relations, Communications, and Sustainability teams, with additional oversight of the Accounting organization. "Since becoming a stand-alone midstream enterprise, our team has made tremendous progress in reducing our cost structure, increasing our operational efficiency, and returning value back to stakeholders through debt reduction, unit buybacks, and attractive distributions," said President and CEO Michael Ur
FREYR Battery (NYSE:FREY) ("FREYR"), a developer of clean, next-generation battery cell production capacity, today announced the appointment of Oscar Brown to the position of Group Chief Financial Officer ("CFO") at FREYR Battery. As CFO, Brown will report to FREYR's Chief Executive Officer, Tom Einar Jensen, and will be responsible for financial planning, performance, reporting, and capital markets engagement across the organization. He will assume his new position at FREYR effective immediately. "We are delighted to welcome Oscar to the FREYR executive leadership team. As we prepare to execute our strategic plan to establish clean battery production at giga scale in Norway, the U.S. and
4 - Western Midstream Partners, LP (0001423902) (Issuer)
4 - Western Midstream Partners, LP (0001423902) (Issuer)
4 - Western Midstream Partners, LP (0001423902) (Issuer)
10-Q - Western Midstream Partners, LP (0001423902) (Filer)
8-K - Western Midstream Partners, LP (0001423902) (Filer)
8-K - Western Midstream Partners, LP (0001423902) (Filer)