Western Midstream Partners (WES) Stock Price, News & Analysis

$37.27
+0.15 (+0.40%)
(As of 09:01 AM ET)
Today's Range
$37.27
$37.27
50-Day Range
$33.55
$37.12
52-Week Range
$25.04
$37.66
Volume
492 shs
Average Volume
1.26 million shs
Market Capitalization
$14.18 billion
P/E Ratio
10.50
Dividend Yield
9.39%
Price Target
$31.09

Western Midstream Partners MarketRank™ Stock Analysis

Analyst Rating
Hold
2.17 Rating Score
Upside/​Downside
16.2% Downside
$31.09 Price Target
Short Interest
Bearish
3.61% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.54mentions of Western Midstream Partners in the last 14 days
Based on 23 Articles This Week
Insider Trading
Acquiring Shares
$324,895 Bought Last Quarter
Proj. Earnings Growth
2.34%
From $3.42 to $3.50 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.49 out of 5 stars

Oils/Energy Sector

479th out of 730 stocks

Natural Gas Transmission Industry

34th out of 57 stocks

WES stock logo

About Western Midstream Partners Stock (NYSE:WES)

Western Midstream Partners, LP, together with its subsidiaries, operates as a midstream energy company primarily in the United States. It is involved in gathering, compressing, treating, processing, and transporting natural gas; gathering, stabilizing, and transporting condensate, natural gas liquids (NGLs), and crude oil; and gathering and disposing produced water. The company also buys and sells natural gas, NGLs, and condensate. It operates assets located in Texas, New Mexico, the Rocky Mountains, and North-central Pennsylvania. Western Midstream Holdings, LLC operates as the general partner of the company. The company was formerly known as Western Gas Equity Partners, LP and changed its name to Western Midstream Partners, LP in February 2019. Western Midstream Partners, LP was incorporated in 2007 and is based in The Woodlands, Texas.

WES Stock Price History

WES Stock News Headlines

Q1 2024 Western Midstream Partners LP Earnings Call
RBC Capital Remains a Hold on Western Midstream Partners (WES)
See More Headlines
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Company Calendar

Ex-Dividend for 5/15 Dividend
4/30/2024
Last Earnings
5/08/2024
Today
5/14/2024
Dividend Payable
5/15/2024
Next Earnings (Estimated)
8/13/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Natural gas transmission
Sub-Industry
N/A
Employees
1,377
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$31.09
High Stock Price Target
$39.00
Low Stock Price Target
$25.00
Potential Upside/Downside
-16.2%
Consensus Rating
Hold
Rating Score (0-4)
2.17
Research Coverage
12 Analysts

Profitability

Net Income
$1.02 billion
Pretax Margin
43.87%

Debt

Sales & Book Value

Annual Sales
$3.11 billion
Cash Flow
$4.40 per share
Book Value
$7.98 per share

Miscellaneous

Free Float
380,332,000
Market Cap
$14.12 billion
Optionable
Optionable
Beta
2.82
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Key Executives

  • Mr. Michael P. Ure (Age 46)
    President, CEO & Director - Western Midstream Holdings LLC
    Comp: $2.93M
  • Ms. Kristen S. Shults (Age 39)
    Senior VP & CFO - Western Midstream Holdings LLC
    Comp: $1.61M
  • Mr. Christopher B. Dial (Age 46)
    Senior VP, General Counsel & Corporate Secretary of Western Midstream Holdings, LLC
    Comp: $1.44M
  • Mr. Robert W. BourneMr. Robert W. Bourne (Age 68)
    Senior VP & Chief Commercial Officer of Western Midstream Holdings, LLC
    Comp: $1.48M
  • Mr. Alejandro O. Nebreda (Age 49)
    Senior Vice President of Business Services - Western Midstream Holdings LLC
    Comp: $1.41M
  • Ms. Catherine A. Green (Age 49)
    Senior VP & Chief Accounting Officer of Western Midstream Holdings, LLC
    Comp: $1.43M
  • Mr. Keith Herndon
    VP & Chief Information Officer
  • Mr. Daniel Edwards Jenkins IV
    Director of Investor Relations - Western Midstream Holdings LLC
  • Mr. Jonathan A. Greenberg
    Vice President of Corporate Development - Western Midstream Holdings LLC
  • Ms. Crystal J. Sled
    Senior VP of Human Capital Mgmt., Diversity, Equity, & Inclusion - Western Midstream Holdings LLC

WES Stock Analysis - Frequently Asked Questions

Should I buy or sell Western Midstream Partners stock right now?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Western Midstream Partners in the last year. There are currently 1 sell rating, 8 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" WES shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in WES, but not buy additional shares or sell existing shares.
View WES analyst ratings
or view top-rated stocks.

What is Western Midstream Partners' stock price target for 2024?

12 brokers have issued 12 month price targets for Western Midstream Partners' shares. Their WES share price targets range from $25.00 to $39.00. On average, they expect the company's stock price to reach $31.09 in the next year. This suggests that the stock has a possible downside of 16.2%.
View analysts price targets for WES
or view top-rated stocks among Wall Street analysts.

How have WES shares performed in 2024?

Western Midstream Partners' stock was trading at $29.26 on January 1st, 2024. Since then, WES stock has increased by 26.9% and is now trading at $37.12.
View the best growth stocks for 2024 here
.

When is Western Midstream Partners' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 13th 2024.
View our WES earnings forecast
.

How were Western Midstream Partners' earnings last quarter?

Western Midstream Partners, LP (NYSE:WES) released its earnings results on Wednesday, May, 8th. The pipeline company reported $1.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.85 by $0.62. The pipeline company earned $887.73 million during the quarter, compared to analyst estimates of $868.22 million. Western Midstream Partners had a trailing twelve-month return on equity of 44.76% and a net margin of 42.50%. The business's revenue for the quarter was up 20.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.52 EPS.

How often does Western Midstream Partners pay dividends? What is the dividend yield for Western Midstream Partners?

Western Midstream Partners announced a quarterly dividend on Thursday, April 18th. Investors of record on Wednesday, May 1st will be paid a dividend of $0.875 per share on Wednesday, May 15th. This represents a $3.50 dividend on an annualized basis and a yield of 9.43%. The ex-dividend date of this dividend is Tuesday, April 30th. This is an increase from the stock's previous quarterly dividend of $0.58.
Read our dividend analysis for WES
.

Is Western Midstream Partners a good dividend stock?

Western Midstream Partners (NYSE:WES) pays an annual dividend of $3.50 per share and currently has a dividend yield of 9.66%. WES has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 98.59%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, WES will have a dividend payout ratio of 100.00% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for WES.

What other stocks do shareholders of Western Midstream Partners own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Western Midstream Partners investors own include Energy Transfer (ET), Enterprise Products Partners (EPD), AT&T (T), Exxon Mobil (XOM), NGL Energy Partners (NGL), NVIDIA (NVDA), Pfizer (PFE), Johnson & Johnson (JNJ), AbbVie (ABBV) and Broadcom (AVGO).

Who are Western Midstream Partners' major shareholders?

Western Midstream Partners' stock is owned by a number of institutional and retail investors. Top institutional shareholders include Chickasaw Capital Management LLC (1.75%), Clearbridge Investments LLC (1.28%), Mirae Asset Global Investments Co. Ltd. (1.17%), Kayne Anderson Capital Advisors LP (1.09%), Jennison Associates LLC (0.51%) and CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT (0.39%). Insiders that own company stock include Kenneth F Owen, Lisa A Stewart, Petroleum Corp /De/ Occidental and Robert W Bourne.
View institutional ownership trends
.

How do I buy shares of Western Midstream Partners?

Shares of WES stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:WES) was last updated on 5/14/2024 by MarketBeat.com Staff

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