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

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Western Midstream Partners in the last twelve months. There are currently 1 sell rating, 4 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" WES shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in WES, but not buy additional shares or sell existing shares.
View WES analyst ratings or view top-rated stocks.

11 equities research analysts have issued 12 month price targets for Western Midstream Partners' shares. Their WES share price forecasts range from $25.00 to $35.00. On average, they predict the company's stock price to reach $30.60 in the next year. This suggests a possible upside of 13.9% from the stock's current price.
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Western Midstream Partners' stock was trading at $26.85 at the start of the year. Since then, WES shares have increased by 0.1% and is now trading at $26.8650.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our WES earnings forecast.

Western Midstream Partners, LP (NYSE:WES) announced its earnings results on Tuesday, August, 8th. The pipeline company reported $0.64 earnings per share for the quarter, missing analysts' consensus estimates of $0.65 by $0.01. The pipeline company had revenue of $738.90 million for the quarter, compared to the consensus estimate of $795.73 million. Western Midstream Partners had a net margin of 34.08% and a trailing twelve-month return on equity of 34.41%. Western Midstream Partners's quarterly revenue was down 15.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.74 EPS.

Western Midstream Partners announced a quarterly dividend on Friday, July 21st. Investors of record on Monday, July 31st will be paid a dividend of $0.5625 per share on Monday, August 14th. This represents a $2.25 annualized dividend and a dividend yield of 8.38%. The ex-dividend date of this dividend is Friday, July 28th.
Read our dividend analysis for WES.

ETFs with the largest weight of Western Midstream Partners (NYSE:WES) stock in their portfolio include InfraCap MLP ETF (AMZA), Alerian MLP ETF (AMLP), Global X MLP ETF (MLPA), First Trust Natural Gas ETF (FCG), ASYMmetric Smart Alpha S&P 500 ETF (ZSPY), Global X MLP & Energy Infrastructure ETF (MLPX), VanEck Energy Income ETF (EINC) and Pacer American Energy Independence ETF (USAI).

Western Midstream Partners (NYSE:WES) pays an annual dividend of $2.25 per share and currently has a dividend yield of 8.61%. WES has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 84.27%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, WES will have a dividend payout ratio of 72.82% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WES.

Based on aggregate information from My MarketBeat watchlists, some companies that other Western Midstream Partners investors own include Energy Transfer (ET), Enterprise Products Partners (EPD), AT&T (T), Exxon Mobil (XOM), NGL Energy Partners (NGL), NVIDIA (NVDA), Pfizer (PFE), Johnson & Johnson (JNJ), AbbVie (ABBV) and Broadcom (AVGO).

Western Midstream Partners trades on the New York Stock Exchange (NYSE) under the ticker symbol "WES."

Western Midstream Partners' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Goldman Sachs Group Inc. (2.71%), Chickasaw Capital Management LLC (1.96%), Clearbridge Investments LLC (1.28%), Mirae Asset Global Investments Co. Ltd. (1.22%), JPMorgan Chase & Co. (1.03%) and Westwood Holdings Group Inc. (0.69%). Insiders that own company stock include Petroleum Corp /De/ Occidental and Robert W Bourne.
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Shares of WES stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of WES stock can currently be purchased for approximately $26.87.

Western Midstream Partners (NYSE:WES) has a market capitalization of $10.33 billion and generates $3.25 billion in revenue each year. The pipeline company earns $1.22 billion in net income (profit) each year or $2.67 on an earnings per share basis.

The company employs 1,217 workers across the globe.

Western Midstream Partners' mailing address is 9950 WOODLOCH FOREST DRIVE, THE WOODLANDS TX, 77380. The official website for the company is www.westernmidstream.com. The pipeline company can be reached via phone at (346) 786-5000, via email at investors@westernmidstream.com, or via fax at 832-636-6001.