Western Gas Partners traded at $46.79 this Friday May 15th, increasing $0.92 or 2.01 percent since the previous trading session. Looking back, over the last four weeks, Western Gas Partners gained 14.54 percent. Over the last 12 months, its price rose by 18.04 percent. Looking ahead, we forecast Western Gas Partners to be priced at 42.59 by the end of this quarter and at 40.00 in one year, according to Trading Economics global macro models projections and analysts expectations.
Western Midstream Partners, LP (WES) owns, develops, and operates midstream assets. WES is engaged in the business of gathering, compressing, treating, processing, and transporting natural gas; gathering, stabilizing, and transporting condensate, natural-gas liquids, and crude oil; and gathering and disposing of produced water for its customers. The Company’s midstream assets are located in Texas, New Mexico, Colorado, Utah, Wyoming, and Pennsylvania. The Company owns and operates gathering systems, including five water disposal systems, treating facilities, and natural-gas processing plants/trains, two natural gas liquids (NGLs) pipelines, five natural-gas pipelines, and three crude oil pipelines. In addition, the Company holds interests in three non-operated gathering systems, two operated gathering systems, three operated treating facilities, three operated natural gas processing plants/trains and one crude oil pipeline.