Analyst Raises Western Midstream Partners (WES) Price Target but Keeps Underweight Rating

With a net profit margin of 30.99%, Western Midstream Partners, LP (NYSE:WES) is included among the 10 Most Profitable Energy Stocks to Buy Now.

Western Midstream Partners, LP (NYSE:WES) operates as a midstream energy company primarily in the United States.

On May 27, Morgan Stanley raised its price target on Western Midstream Partners, LP (NYSE:WES) from $41 to $51, but kept its ‘Underweight’ rating on the shares. The target adjustment indicates an upside of over 17% from the current levels.

Western Midstream Partners, LP (NYSE:WES) exceeded expectations in its Q1 report last month, supported by the contribution from its Aris acquisition, per-day throughput growth across all 3 product lines, and the continued success of its cost-cutting efforts. Moreover, the company’s adjusted gross margin also received a boost from the significant rise in crude oil prices in March.

Western Midstream Partners, LP (NYSE:WES) also announced the acquisition of the privately held Brazos Delaware II in a $1.6 billion deal last month, ​further reinforcing its gathering and ​processing footprint in the core ⁠of the Permian Basin. The company will provide updated guidance for FY 2026 together with its Q2 results after the Brazos close.

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