Western Midstream Partners (WES) to Release Earnings on Wednesday

Western Midstream Partners (NYSE:WES - Get Free Report) is expected to issue its Q1 2025 quarterly earnings data 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 1.3 %

Shares of NYSE WES traded down $0.46 during mid-day trading on Monday, reaching $35.87. The company had a trading volume of 761,858 shares, compared to its average volume of 1,253,744. The stock has a market cap of $13.68 billion, a price-to-earnings ratio of 9.16, a price-to-earnings-growth ratio of 1.40 and a beta of 1.12. Western Midstream Partners has a 52 week low of $33.60 and a 52 week high of $43.33. The business's 50-day moving average is $39.02 and its 200-day moving average is $39.33. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.05.

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 paid a $0.91 dividend. The ex-dividend date is Friday, May 2nd. This represents a $3.64 annualized dividend and a yield of 10.15%. This is a boost from Western Midstream Partners's previous quarterly dividend of $0.88. Western Midstream Partners's dividend payout ratio is 90.32%.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Western Midstream Partners from a "hold" rating to a "buy" rating in a research report on Saturday, March 8th. Two investment 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, Western Midstream Partners currently has a consensus rating of "Hold" and an average price target 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.