|Bid||9.25 x 900|
|Ask||9.60 x 800|
|Day's range||8.95 - 9.55|
|52-week range||2.90 - 31.99|
|Beta (5Y monthly)||3.84|
|PE ratio (TTM)||13.14|
|Earnings date||28 Jul 2020 - 03 Aug 2020|
|Forward dividend & yield||1.24 (13.30%)|
|Ex-dividend date||30 Apr 2020|
|1y target est||11.00|
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.
Investors need to pay close attention to Western Midstream (WES) stock based on the movements in the options market lately.
NextEra Energy Partners' (NEP) decision to acquire Meade Pipeline will enable it to enjoy the benefits from rising demand for the transportation of natural gas in the Central Penn Line.
Owing to volume growth demanded by the shippers during a July open season, Magellan Midstream Partners (MMP) decides to expand the size of its Saddlehorn pipeline by 100,000 bpd.
Today, DCP Midstream, LP (DCP) announced that it has signed a long-term agreement with Western Midstream Partners, LP (WES) that will provide DCP with up to 225 million cubic feet per day of incremental processing capacity at Western’s DJ Basin gas processing complex, which includes the Latham II plant that is presently under construction. The facility will be well-integrated, with natural gas liquids takeaway via DCP’s DJ Southern Hills extension, as well as the Front Range pipeline, and residue gas takeaway via the Cheyenne Connector. This project will increase DCP’s total natural gas processing and bypass capacity in the DJ Basin to approximately 1.5 billion cubic feet per day.
Being one of the largest motor fuel distributors in the wholesale market in terms of volume, Sunoco (SUN) is likely to maintain share price momentum on the back of multiple tailwinds.