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

Company Overview

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. The partnership serves producing regions including the Permian Basin, the Rocky Mountain area, the Anadarko Basin and the Denver-Julesburg Basin.

The partnership was formed in 2007 as Western Gas Partners and adopted the Western Midstream Partners name in 2019. Its assets and operations have historically been closely associated with Occidental Petroleum’s U.S. oil and gas production activities, although Western Midstream also provides services to other producers. The company is headquartered in The Woodlands, Texas.

Key Stats

• Today's Range: $44.56 to $45.39
• 50-Day Range: $44.15 to $49.83
• 52-Week Range: $36.90 to $50.07
• Volume: 1.47 million shs
• Average Volume: 1.13 million shs
• Market Capitalization: $18.63 billion
• P/E Ratio: 14.18
• Dividend Yield: 8.25%
• Price Target: $49.89
• Consensus Rating: Moderate Buy

Western Midstream Partners Stock Analysis - MarketRank™

Western Midstream Partners scored higher than 94% of companies evaluated by MarketBeat, and ranked 14th out of 243 stocks in the energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.2 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Western Midstream Partners has received a consensus rating of Moderate Buy. The company's average rating score is 2.64, and is based on 2 strong buy ratings, 3 buy ratings, 6 hold ratings, and no sell ratings.

Upside Potential

Western Midstream Partners has a consensus price target of $49.89, representing about 10.6% upside from its current price of $45.09.

Amount of Analyst Coverage

Western Midstream Partners has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 8.47%

Earnings Growth

Earnings for Western Midstream Partners are expected to grow by 8.47% in the coming year, from $3.66 to $3.97 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Western Midstream Partners is 14.18, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 38.72.

Price to Earnings Ratio vs. Sector

The P/E ratio of Western Midstream Partners is 14.18, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 20.61.

Price to Earnings Growth Ratio

Western Midstream Partners has a PEG Ratio of 1.20. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Western Midstream Partners has a P/B Ratio of 4.42. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.46% of the float of Western Midstream Partners has been sold short.

Short Interest Ratio / Days to Cover

Western Midstream Partners has a short interest ratio ("days to cover") of 6.6.

Change versus previous month

Short interest in Western Midstream Partners has recently decreased by 7.07%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

Western Midstream Partners is a leading dividend payer. It pays a dividend yield of 8.34%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Western Midstream Partners has been increasing its dividend for 5 years.

Dividend Coverage

The dividend payout ratio of Western Midstream Partners is 116.98%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on EPS estimates, Western Midstream Partners will have a dividend payout ratio of 93.70% in the coming year. This indicates that Western Midstream Partners may not be able to sustain their current dividend.

News and Social Media

• Score: 3.3 / 5
• News Sentiment: 0.28

News Sentiment

Western Midstream Partners has a news sentiment score of 0.28. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.64 average news sentiment score of Energy companies.

News Coverage This Week

MarketBeat has tracked 11 news articles for Western Midstream Partners this week, compared to 5 articles on an average week.

Search Interest

8 people have searched for WES on MarketBeat in the last 30 days. This is an increase of 14% compared to the previous 30 days.

MarketBeat Follows

33 people have added Western Midstream Partners to their MarketBeat watchlist in the last 30 days. This is an increase of 1,000% compared to the previous 30 days.

Company Ownership

• Score: 2.9 / 5
• Insider Trading: Acquiring Shares

Net Insider Buying

Over the last three months, insiders have purchased a net $249,907.00 in company stock, which represents 0.0013% of the company's market cap.

Insider Buying vs. Insider Selling

In the past three months, Western Midstream Partners insiders have bought more of their company's stock than they have sold. Specifically, they have bought $249,907.00 in company stock and sold $0.00 in company stock.

Percentage Held by Insiders

0.04% of the stock of Western Midstream Partners is held by insiders.

Percentage Held by Institutions

84.82% of the stock of Western Midstream Partners is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Company Calendar

• Record date for 8/14 Dividend: 7/31/2026
• Ex-Dividend for 8/14 Dividend: 7/31/2026
• Last Earnings: 8/05/2026
• Dividend Payable: 8/14/2026
• Today: 10/24/2026
• Record date for 11/13 Dividend: 11/02/2026
• Ex-Dividend for 11/13 Dividend: 11/02/2026
• Next Earnings (Estimated): 11/04/2026
• Dividend Payable: 11/13/2026
• Fiscal Year End: 12/31/2026

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Energy
• Industry: Oil, Gas & Consumable Fuels
• Sub-Industry: Oil & Gas Storage & Transportation
• Current Symbol: NYSE:WES
• CIK: 1423902
• Web: www.westernmidstream.com
• Phone: (346) 786-5000
• Fax: 832-636-6001
• Employees: 1,704
• Year Founded: 2007

Price Target and Rating

• Average Price Target for Western Midstream Partners: $49.89
• High Price Target: $55.00
• Low Price Target: $45.00
• Potential Upside/Downside: +10.6%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.64
• Research Coverage: 11 Analysts

Profitability

• EPS (Trailing Twelve Months): $3.18
• Trailing P/E Ratio: 14.18
• Forward P/E Ratio: 12.32
• P/E Growth: 1.2
• Net Income: $1.18 billion
• Net Margins: 29.44%
• Pretax Margin: 30.87%
• Return on Equity: 33.13%
• Return on Assets: 8.74%

Debt

• Debt-to-Equity Ratio: 2.02
• Current Ratio: 0.91
• Quick Ratio: 0.91

Sales & Book Value

• Annual Sales: $4.33 billion
• Price / Sales: 4.30
• Cash Flow: $4.72 per share
• Price / Cash Flow: 9.55
• Book Value: $10.20 per share
• Price / Book: 4.42

Miscellaneous

• Outstanding Shares: 413,175,000
• Free Float: 413,010,000
• Market Cap: $18.63 billion
• Optionable: Optionable
• Beta: 0.74