Analysts Offer Insights on Materials Companies: BP Midstream Partners LP (BPMP), Western Midstream Partners (WES) and Plains GP Holdings (PAGP)


Analysts fell to the sidelines weighing in on BP Midstream Partners LP (BPMP), Western Midstream Partners (WES) and Plains GP Holdings (PAGP) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

BP Midstream Partners LP (BPMP)

Barclays analyst Theresa Chen maintained a Hold rating on BP Midstream Partners LP yesterday and set a price target of $16. The company’s shares closed yesterday at $15.08, close to its 52-week low of $14.13.

According to TipRanks.com, Chen is a 2-star analyst with an average return of 0.3% and a 57.1% success rate. Chen covers the Basic Materials sector, focusing on stocks such as Holly Energy Partners LP, KNOT Offshore Partners, and Andeavor Logistics LP.

BP Midstream Partners LP has an analyst consensus of Hold.

See today’s analyst top recommended stocks >>

Western Midstream Partners (WES)

Barclays analyst Christopher Tillett maintained a Hold rating on Western Midstream Partners yesterday and set a price target of $36. The company’s shares closed yesterday at $34.16, close to its 52-week low of $30.59.

Tillett has an average return of 24.6% when recommending Western Midstream Partners.

According to TipRanks.com, Tillett is ranked #4421 out of 5191 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Western Midstream Partners with a $42 average price target.

Plains GP Holdings (PAGP)

In a report released yesterday, Christine Cho, CFA from Barclays maintained a Hold rating on Plains GP Holdings, with a price target of $27. The company’s shares closed yesterday at $24.54.

According to TipRanks.com, CFA is a 1-star analyst with an average return of -0.2% and a 45.5% success rate. CFA covers the Basic Materials sector, focusing on stocks such as Cheniere Energy Partners LP, CNX Midstream Partners LP, and Targa Resources Corp.

The the analyst consensus on Plains GP Holdings is currently a Hold rating.

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