WES Stock Gets Reduced EPS Estimate from US Capital Advisors

Key Points

• US Capital Advisors slightly lowered Western Midstream Partners’ FY2028 EPS estimate to $4.17 from $4.18, still above the broader full-year consensus estimate of $3.66.
• Western Midstream recently exceeded quarterly expectations, reporting $0.99 EPS versus $0.91 consensus and $1.22 billion in revenue, up 30% year over year.
• The stock carries a “Moderate Buy” consensus rating with a $49.89 average target price, while the company declared a $0.93 quarterly dividend, representing an 8.3% annualized yield.

Western Midstream Partners, LP (NYSE:WES - Free Report) - Analysts at US Capital Advisors reduced their FY2028 EPS estimates for shares of Western Midstream Partners in a research report issued to clients and investors on Tuesday, October 27th. US Capital Advisors analyst J. Carreker now forecasts that the pipeline company will post earnings of $4.17 per share for the year, down from their previous forecast of $4.18. The consensus estimate for Western Midstream Partners' current full-year earnings is $3.66 per share.

Western Midstream Partners (NYSE:WES - Get Free Report) last posted its earnings results on Wednesday, August 5th. The pipeline company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.08. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.13 billion. Western Midstream Partners had a net margin of 29.44% and a return on equity of 33.13%. The firm's revenue for the quarter was up 30.0% on a year-over-year basis. During the same period last year, the firm posted $0.87 EPS.

Other research analysts have also recently issued reports about the stock. Citigroup raised their price objective on shares of Western Midstream Partners from $42.00 to $45.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 11th. Stifel Nicolaus initiated coverage on Western Midstream Partners in a research report on Thursday, September 10th. They set a "buy" rating and a $55.00 price objective for the company. Zacks Research raised Western Midstream Partners from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 13th. Mizuho increased their target price on Western Midstream Partners from $48.00 to $51.00 and gave the company an "outperform" rating in a report on Tuesday, July 14th. Finally, Royal Bank Of Canada raised their price target on Western Midstream Partners from $41.00 to $47.00 and gave the stock a "sector perform" rating in a research report on Monday, August 24th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $49.89.

Western Midstream Partners Stock Down 0.7%

Shares of NYSE WES opened at $45.01 on Thursday. Western Midstream Partners has a 12-month low of $36.90 and a 12-month high of $50.07. The company has a market capitalization of $18.59 billion, a PE ratio of 14.15, a price-to-earnings-growth ratio of 1.22 and a beta of 0.74. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.91 and a quick ratio of 0.91. The firm's 50-day moving average is $46.59 and its two-hundred day moving average is $44.11.

Hedge Funds Weigh In On Western Midstream Partners

Several institutional investors and hedge funds have recently modified their holdings of the company. Militia Capital Management LLC acquired a new position in shares of Western Midstream Partners during the 1st quarter valued at about $8,244,000. Infrastructure Capital Advisors LLC boosted its position in shares of Western Midstream Partners by 6.7% in the first quarter. Infrastructure Capital Advisors LLC now owns 1,234,879 shares of the pipeline company's stock worth $50,840,000 after acquiring an additional 77,202 shares during the last quarter. Adams Asset Advisors LLC boosted its position in shares of Western Midstream Partners by 8.9% in the third quarter. Adams Asset Advisors LLC now owns 408,023 shares of the pipeline company's stock worth $18,104,000 after acquiring an additional 33,200 shares during the last quarter. Berkley W R Corp boosted its position in shares of Western Midstream Partners by 42.8% in the first quarter. Berkley W R Corp now owns 1,266,970 shares of the pipeline company's stock worth $52,161,000 after acquiring an additional 379,807 shares during the last quarter. Finally, CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT grew its holdings in Western Midstream Partners by 8.8% in the first quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 1,676,900 shares of the pipeline company's stock valued at $69,038,000 after purchasing an additional 136,000 shares during the period. Hedge funds and other institutional investors own 84.82% of the company's stock.

Insider Activity at Western Midstream Partners

In other news, Director Frederick Forthuber purchased 5,140 shares of the stock in a transaction dated Wednesday, August 12th. The stock was acquired at an average cost of $48.62 per share, for a total transaction of $249,906.80. Following the completion of the acquisition, the director directly owned 5,140 shares in the company, valued at $249,906.80. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.04% of the stock is currently owned by company insiders.

Western Midstream Partners Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Monday, November 2nd will be paid a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a dividend yield of 8.3%. The ex-dividend date of this dividend is Monday, November 2nd. Western Midstream Partners's dividend payout ratio (DPR) is currently 116.98%.

Western Midstream Partners Company Profile

Western Midstream Partners, L.P. NYSE: WES is a master limited partnership that owns and operates midstream energy infrastructure in the United States. The company provides gathering, processing, transportation, storage and treating services for natural gas, crude oil, natural gas liquids and produced water.

Western Midstream's assets include gathering systems, processing plants, pipelines, storage facilities and water-handling infrastructure. These facilities connect oil and gas producers with downstream markets and are generally supported by long-term commercial arrangements.

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