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Strength Seen in Western Midstream (WES): Stock Soars 12.2%

Zacks Equity Research
·2 min read

Western Midstream Partners, LP WES was a big mover last session, as the company saw its shares rise more than 12% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $3.07–$5.80 in the past one-month time frame, witnessed a sharp increase on Thursday.

The company has seen one negative estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Western Midstream currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.

Western Gas Equity Partners, LP Price

Western Gas Equity Partners, LP Price
Western Gas Equity Partners, LP Price

Western Gas Equity Partners, LP price | Western Gas Equity Partners, LP Quote

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A better-ranked stock in the Oil and Gas – Refining and Marketing – Master Limited Partnerships industry is Targa Resources, Inc. TRGP, which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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Western Gas Equity Partners, LP (WES) : Free Stock Analysis Report
 
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Zacks Investment Research