Stock Analysts Upgrades WES Stock To “Outperform”

SMTC
SMTC

Stock analysts upgraded WES from the rating of “neutral” to a rating of “outperform” at Suisse Group in the research report given to investors and clients on Thursday. The firm currently has a price objective of $20.00 on the company’s stock, which increased from the $14.00 price objective set previously. The price target of Suisse Group suggests a 35.87% potential upside from the current price of the stock.

Analysts’ Opinion On WES Stock

Other analysts also forecasted the company’s stock.UBS Group lifted the ratings of the company’s stock from “neutral” to “buy”, they also raised the stock’s price target from $10.00 – $18.00 in Friday’s report. Barclays lifted the price objective of the company’s shares from $10.00 – $16.00 and issued the company a rating of “equal weight” in Friday’s report. Morgan Stanley raised the price objective of the company’s shares from $5.00 – $15.00 and issued a rating of “underweight” on the company’s stocks in the report on December 11th, Friday.

Mizuho raised the price objective of the company’s shares from $12.00 – $15.00. and issued a rating of “buy” on the company’s shares in the report on November 11th, Wednesday. Wells Fargo raised the company’s stock ratings from “underweight” to “overweight” and set $17.00 as the price objective in the report on November 30th, Monday.

Three analysts issued a rating of “sell” to the company’s stocks, two analysts issued a rating of “hold” and eight analysts issued a rating of “buy” to the company’s stocks. The company has $14.98 as its average target and “hold” as its consensus rating.

The Western Midstream company and its subsidiaries engage in processing, compressing, gathering, transporting, treating, and stabilizing natural gas, NGLs, crude oil, and condensate across the U.S.It also gathers and disposes of produced water, sells and buys natural gas, condensate, and NGLs.