US Capital Advisors Brokers Lift Earnings Estimates for Western Midstream Partners, LP (NYSE:WES)

Western Midstream Partners, LP (NYSE:WES - Free Report) - Investment analysts at US Capital Advisors upped their Q3 2024 earnings per share estimates for Western Midstream Partners in a research report issued on Tuesday, May 21st. US Capital Advisors analyst J. Carreker now expects that the pipeline company will post earnings of $0.79 per share for the quarter, up from their previous estimate of $0.78. The consensus estimate for Western Midstream Partners' current full-year earnings is $3.64 per share. US Capital Advisors also issued estimates for Western Midstream Partners' Q4 2024 earnings at $0.85 EPS, Q1 2025 earnings at $0.84 EPS, Q2 2025 earnings at $0.83 EPS, Q3 2025 earnings at $0.88 EPS, Q4 2025 earnings at $0.95 EPS, FY2025 earnings at $3.49 EPS and FY2026 earnings at $3.71 EPS.

Several other analysts have also recently weighed in on WES. Citigroup cut shares of Western Midstream Partners from a "buy" rating to a "neutral" rating and boosted their price objective for the stock from $30.00 to $34.00 in a research note on Thursday, February 29th. Wells Fargo & Company increased their price target on Western Midstream Partners from $34.00 to $35.00 and gave the company an "equal weight" rating in a research note on Tuesday. StockNews.com lowered Western Midstream Partners from a "strong-buy" rating to a "buy" rating in a research note on Saturday. Stifel Nicolaus increased their target price on shares of Western Midstream Partners from $35.00 to $36.00 and gave the company a "buy" rating in a research report on Friday, February 23rd. Finally, Raymond James restated a "market perform" rating on shares of Western Midstream Partners in a research report on Tuesday, March 19th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, Western Midstream Partners has an average rating of "Hold" and a consensus price target of $31.55.

Western Midstream Partners Trading Down 2.0 %

Shares of WES stock traded down $0.76 during mid-day trading on Wednesday, reaching $37.78. 1,333,370 shares of the stock traded hands, compared to its average volume of 1,265,866. The company has a market cap of $14.37 billion, a price-to-earnings ratio of 10.64 and a beta of 2.82. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 2.15. The stock's fifty day simple moving average is $35.66 and its two-hundred day simple moving average is $31.56. Western Midstream Partners has a 1-year low of $25.04 and a 1-year high of $38.79.

Western Midstream Partners (NYSE:WES - Get Free Report) last announced its quarterly earnings results on Wednesday, May 8th. The pipeline company reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.62. The company had revenue of $887.73 million during the quarter, compared to the consensus estimate of $868.22 million. Western Midstream Partners had a net margin of 42.50% and a return on equity of 44.76%. The company's revenue for the quarter was up 20.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.52 earnings per share.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WES. Raymond James & Associates boosted its stake in shares of Western Midstream Partners by 29.5% in the 3rd quarter. Raymond James & Associates now owns 98,215 shares of the pipeline company's stock worth $2,674,000 after buying an additional 22,380 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in Western Midstream Partners in the third quarter worth $216,000. Larson Financial Group LLC bought a new position in Western Midstream Partners in the 3rd quarter valued at $27,000. American Financial Group Inc. increased its position in shares of Western Midstream Partners by 14.3% during the 3rd quarter. American Financial Group Inc. now owns 24,000 shares of the pipeline company's stock valued at $654,000 after purchasing an additional 3,000 shares during the last quarter. Finally, Ieq Capital LLC increased its position in shares of Western Midstream Partners by 2.0% during the 3rd quarter. Ieq Capital LLC now owns 30,078 shares of the pipeline company's stock valued at $819,000 after purchasing an additional 604 shares during the last quarter. 42.94% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Western Midstream Partners

In related news, Director Lisa A. Stewart acquired 2,500 shares of the stock in a transaction dated Wednesday, March 6th. The stock was purchased at an average cost of $34.87 per share, with a total value of $87,175.00. Following the completion of the purchase, the director now directly owns 30,730 shares in the company, valued at approximately $1,071,555.10. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Director Kenneth F. Owen acquired 7,000 shares of the company's stock in a transaction on Monday, February 26th. The shares were acquired at an average cost of $33.96 per share, for a total transaction of $237,720.00. Following the purchase, the director now owns 32,730 shares in the company, valued at $1,111,510.80. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Lisa A. Stewart bought 2,500 shares of Western Midstream Partners stock in a transaction dated Wednesday, March 6th. The stock was purchased at an average price of $34.87 per share, with a total value of $87,175.00. Following the purchase, the director now owns 30,730 shares in the company, valued at $1,071,555.10. The disclosure for this purchase can be found here. Company insiders own 0.04% of the company's stock.

Western Midstream Partners Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st were issued a $0.875 dividend. This represents a $3.50 dividend on an annualized basis and a dividend yield of 9.26%. The ex-dividend date of this dividend was Tuesday, April 30th. This is a positive change from Western Midstream Partners's previous quarterly dividend of $0.58. Western Midstream Partners's dividend payout ratio is currently 98.59%.

Western Midstream Partners Company Profile

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.