Western Midstream Partners (WES) to Release Earnings on Wednesday

Western Midstream Partners (NYSE:WES - Get Free Report) will likely be posting its Q1 2025 quarterly earnings results after the market closes on Wednesday, May 7th. Analysts expect the company to announce earnings of $0.83 per share and revenue of $926.55 million for the quarter.

Western Midstream Partners Trading Down 2.7 %

Shares of WES traded down $1.01 during midday trading on Friday, reaching $36.28. The company had a trading volume of 1,717,558 shares, compared to its average volume of 1,253,271. Western Midstream Partners has a 1-year low of $33.60 and a 1-year high of $43.33. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.05. The firm has a 50 day simple moving average of $39.02 and a 200-day simple moving average of $39.32. The stock has a market cap of $13.83 billion, a PE ratio of 9.26, a price-to-earnings-growth ratio of 1.40 and a beta of 2.40.

Western Midstream Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Friday, May 2nd will be given a dividend of $0.91 per share. This is a boost from Western Midstream Partners's previous quarterly dividend of $0.88. This represents a $3.64 annualized dividend and a yield of 10.03%. The ex-dividend date is Friday, May 2nd. Western Midstream Partners's dividend payout ratio (DPR) is presently 90.32%.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Western Midstream Partners from a "hold" rating to a "buy" rating in a report on Saturday, March 8th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $38.43.

About Western Midstream Partners

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.