NYSE:WES Western Midstream Partners (WES) Stock Forecast, Price & News $27.23 -0.04 (-0.15%) (As of 09/29/2023 ET) Add Compare Share Share Today's Range$27.01▼$27.5650-Day Range$25.86▼$28.4752-Week Range$23.79▼$29.18Volume1.46 million shsAverage Volume2.02 million shsMarket Capitalization$10.47 billionP/E Ratio10.20Dividend Yield8.26%Price Target$30.60 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Western Midstream Partners MarketRank™ ForecastAnalyst RatingHold2.45 Rating ScoreUpside/Downside12.4% Upside$30.60 Price TargetShort InterestHealthy2.52% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment0.68Based on 5 Articles This WeekInsider TradingSelling Shares$127.50 M Sold Last QuarterProj. Earnings Growth22.13%From $2.53 to $3.09 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.83 out of 5 starsOils/Energy Sector24th out of 248 stocksNatural Gas Transmission Industry1st out of 18 stocks 3.2 Analyst's Opinion Consensus RatingWestern Midstream Partners has received a consensus rating of Hold. The company's average rating score is 2.45, and is based on 6 buy ratings, 4 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $30.60, Western Midstream Partners has a forecasted upside of 12.4% from its current price of $27.23.Amount of Analyst CoverageWestern Midstream Partners has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 4.0 Short Interest Percentage of Shares Shorted2.52% of the float of Western Midstream Partners has been sold short.Short Interest Ratio / Days to CoverWestern Midstream Partners has a short interest ratio ("days to cover") of 4.Change versus previous monthShort interest in Western Midstream Partners has recently decreased by 8.13%, indicating that investor sentiment is improving significantly. Previous Next 2.5 Dividend Strength Dividend LeadershipWestern Midstream Partners is a leading dividend payer. It pays a dividend yield of 8.26%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthWestern Midstream Partners does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Western Midstream Partners is 84.27%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on earnings estimates, Western Midstream Partners will have a dividend payout ratio of 72.82% next year. This indicates that Western Midstream Partners will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for WES. Previous Next 2.6 News and Social Media Coverage News SentimentWestern Midstream Partners has a news sentiment score of 0.68. 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 news sentiment score is similar to the average news sentiment of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 5 news articles for Western Midstream Partners this week, compared to 2 articles on an average week.Search InterestOnly 7 people have searched for WES on MarketBeat in the last 30 days. This is a decrease of -22% compared to the previous 30 days.MarketBeat Follows8 people have added Western Midstream Partners to their MarketBeat watchlist in the last 30 days. This is an increase of 60% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Western Midstream Partners insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $127,500,000.00 in company stock.Percentage Held by InsidersOnly 0.04% of the stock of Western Midstream Partners is held by insiders.Percentage Held by Institutions42.02% 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. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Western Midstream Partners are expected to grow by 22.13% in the coming year, from $2.53 to $3.09 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Western Midstream Partners is 10.20, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 108.74.Price to Earnings Ratio vs. SectorThe P/E ratio of Western Midstream Partners is 10.20, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 9.43.Price to Book Value per Share RatioWestern Midstream Partners has a P/B Ratio of 3.37. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Western Midstream Partners (NYSE:WES) StockWestern 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. It also buys and sells natural gas, NGLs, and condensate. The company operates assets located in Texas, New Mexico, the Rocky Mountains, and North-central Pennsylvania. Western Midstream Holdings, LLC operates as the general partner of the company. The company was formerly known as Western Gas Equity Partners, LP and changed its name to Western Midstream Partners, LP in February 2019. Western Midstream Partners, LP was incorporated in 2007 and is based in The Woodlands, Texas.Read More WES Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart WES Stock News HeadlinesSeptember 29, 2023 | americanbankingnews.comWestern Midstream Partners, LP (NYSE:WES) Given Average Rating of "Hold" by BrokeragesSeptember 28, 2023 | finance.yahoo.comWestern Midstream Offering Senior Notes for Meritage AcquisitionOctober 1, 2023 | Oxford Club (Ad)Better Than Oil StocksThe best way to profit from energy is NOT a stock...Rather, it's this little-known alternative investment. September 25, 2023 | msn.comWestern Midstream Partners LP: Strong And Reliable Yield For The Dividend-Oriented InvestorSeptember 24, 2023 | americanbankingnews.comWestern Midstream Partners (NYSE:WES) Trading Up 3.5%September 7, 2023 | msn.comThis 8.3%-Yielding Dividend Stock's $885 Million Acquisition Will Give It the Fuel to Push Its Payout Even HigherSeptember 6, 2023 | msn.comWestern Midstream signs $885m deal to acquire Meritage MidstreamSeptember 6, 2023 | markets.businessinsider.comWestern Midstream Partners (WES) Receives a Buy from Bank of America SecuritiesOctober 1, 2023 | Oxford Club (Ad)Better Than Oil StocksThe best way to profit from energy is NOT a stock...Rather, it's this little-known alternative investment. September 6, 2023 | money.usnews.comWestern Midstream Expands Powder River Basin Footprint With $885 Million DealSeptember 5, 2023 | reuters.comWestern Midstream expands Powder River Basin footprint with $885 mln dealSeptember 5, 2023 | finance.yahoo.comWestern Midstream Announces Expansion of Powder River Basin Footprint With the Acquisition of Meritage MidstreamAugust 14, 2023 | finance.yahoo.comWestern Midstream Announces Second-Quarter Post-Earnings Interview With Chief Financial Officer, Kristen Shults and SVP, Southern Operations, Danny Holderman and Participation in Upcoming Investor ConferencesAugust 13, 2023 | msn.comWestern Midstream Partners: Guidance Doesn't Reflect Long-Term OpportunityAugust 12, 2023 | msn.comWells Fargo Downgrades Western Midstream Partners LP - Unit (WES)August 10, 2023 | finance.yahoo.comQ2 2023 Western Midstream Partners LP Earnings CallAugust 10, 2023 | msn.comJP Morgan Downgrades Western Midstream Partners LP - Unit (WES)August 9, 2023 | seekingalpha.comWestern Midstream Partners, LP 2023 Q2 - Results - Earnings Call PresentationAugust 9, 2023 | msn.comMidstream Q2 2023 Dividend Recap: MLPs Drive GrowthAugust 9, 2023 | markets.businessinsider.comPlains GP Holdings (PAGP) Receives a Buy from Stifel NicolausAugust 8, 2023 | finance.yahoo.comWestern Midstream Announces Second-Quarter 2023 ResultsJuly 28, 2023 | msn.comWestern Midstream Partners LP - Unit (WES) Declares $0.56 DividendJuly 24, 2023 | msn.comWestern Midstream Partners LP: Occidental BenefitsJuly 21, 2023 | finance.yahoo.comWestern Midstream Announces Second-Quarter 2023 Distribution Increase and Earnings Conference CallJuly 21, 2023 | msn.comRaymond James Maintains Western Midstream Partners LP - Unit (WES) Outperform RecommendationJuly 20, 2023 | msn.comMorgan Stanley Reiterates Western Midstream Partners LP - Unit (WES) Overweight RecommendationJuly 18, 2023 | markets.businessinsider.comAnalysts Offer Insights on NA Companies: Valero Energy (VLO), Western Midstream Partners (WES) and Origin Energy Limited (OtherOGFGF)See More Headlines Receive WES Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Western Midstream Partners and its competitors with MarketBeat's FREE daily newsletter. Email Address WES Company Calendar Ex-Dividend for 8/14 Dividend7/28/2023Last Earnings8/08/2023Dividend Payable8/14/2023Today10/01/2023Next Earnings (Estimated)11/01/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Natural gas transmission Sub-IndustryN/A SectorOils/Energy Current SymbolNYSE:WES CUSIPN/A CIK1414475 Webwww.westernmidstream.com Phone(346) 786-5000Fax832-636-6001Employees1,217Year FoundedN/APrice Target and Rating Average Stock Price Forecast$30.60 High Stock Price Forecast$35.00 Low Stock Price Forecast$25.00 Forecasted Upside/Downside+12.4%Consensus RatingHold Rating Score (0-4)2.45 Research Coverage11 Analysts Profitability EPS (Most Recent Fiscal Year)$2.67 Trailing P/E Ratio10.20 Forward P/E Ratio10.76 P/E GrowthN/ANet Income$1.22 billion Net Margins34.08% Pretax Margin35.26% Return on Equity34.41% Return on Assets9.34% Debt Debt-to-Equity Ratio2.26 Current Ratio1.28 Quick Ratio1.28 Sales & Book Value Annual Sales$3.25 billion Price / Sales3.22 Cash Flow$4.69 per share Price / Cash Flow5.80 Book Value$8.07 per share Price / Book3.37Miscellaneous Outstanding Shares384,610,000Free Float384,461,000Market Cap$10.47 billion OptionableOptionable Beta2.76 5G Stocks: The Path Forward is ProfitableClick the link below and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise. Get This Free Report Key ExecutivesMr. Michael P. Ure (Age 46)Pres, CEO & Director - Western Midstream Holdings LLC Comp: $2.61MMs. Kristen S. Shults (Age 38)Sr. VP & CFO - Western Midstream Holdings LLC Comp: $933.69kMs. Catherine A. Green (Age 49)Sr. VP & Chief Accounting Officer of Western Midstream Holdings, LLC Comp: $1.43MMr. Christopher B. Dial (Age 46)Sr. VP, Gen. Counsel & Corp. Sec. of Western Midstream Holdings, LLC Comp: $1.08MMr. Robert W. Bourne (Age 67)Sr. VP & Chief Commercial Officer of Western Midstream Holdings, LLC Comp: $1.12MMr. Keith HerndonVP & Chief Information OfficerMr. Daniel Edwards Jenkins IVDirector of Investor Relations - Western Midstream Holdings LLCMr. Jonathan A. GreenbergVP of Corp. Devel. - Western Midstream Holdings LLCMs. Crystal J. SledSr. VP of Human Capital Mgmt., Diversity, Equity, & Inclusion - Western Midstream Holdings LLCMr. Alejandro O. NebredaSr. VP of Bus. Services - Western Midstream Holdings LLCMore ExecutivesKey CompetitorsEnLink MidstreamNYSE:ENLCAntero MidstreamNYSE:AMDT MidstreamNYSE:DTMKinetikNASDAQ:KNTKEquitrans MidstreamNYSE:ETRNView All CompetitorsInsiders & InstitutionsBarclays PLCSold 1,341,002 shares on 9/21/2023Ownership: 0.379%Petroleum Corp /De/ OccidentalSold 5,100,000 sharesTotal: $127.50 M ($25.00/share)Portside Wealth Group LLCBought 11,200 shares on 9/1/2023Ownership: 0.003%Comerica BankBought 1,688,561 shares on 8/22/2023Ownership: 0.439%Osaic Holdings Inc.Sold 2,146 shares on 8/21/2023Ownership: 0.004%View All Insider TransactionsView All Institutional Transactions WES Stock - Frequently Asked Questions Should I buy or sell Western Midstream Partners stock right now? 11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Western Midstream Partners in the last year. There are currently 1 sell rating, 4 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research 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. What is Western Midstream Partners' stock price forecast for 2023? 11 Wall Street research analysts have issued 1 year price targets for Western Midstream Partners' stock. Their WES share price forecasts range from $25.00 to $35.00. On average, they anticipate the company's share price to reach $30.60 in the next year. This suggests a possible upside of 12.4% from the stock's current price. View analysts price targets for WES or view top-rated stocks among Wall Street analysts. How have WES shares performed in 2023? Western Midstream Partners' stock was trading at $26.85 at the beginning of the year. Since then, WES shares have increased by 1.4% and is now trading at $27.23. View the best growth stocks for 2023 here. When is Western Midstream Partners' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023. View our WES earnings forecast. How were Western Midstream Partners' earnings last quarter? Western Midstream Partners, LP (NYSE:WES) released its earnings results on Tuesday, August, 8th. The pipeline company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by $0.01. The pipeline company had revenue of $738.90 million for the quarter, compared to analyst estimates 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%. The company's revenue for the quarter was down 15.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.74 earnings per share. How often does Western Midstream Partners pay dividends? What is the dividend yield for Western Midstream Partners? Western Midstream Partners declared a quarterly dividend on Friday, July 21st. Shareholders 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 dividend on an annualized basis and a dividend yield of 8.26%. The ex-dividend date of this dividend is Friday, July 28th. Read our dividend analysis for WES. What ETFs hold Western Midstream Partners' stock? 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). Is Western Midstream Partners a good dividend stock? Western Midstream Partners (NYSE:WES) pays an annual dividend of $2.25 per share and currently has a dividend yield of 8.26%. 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. What other stocks do shareholders of Western Midstream Partners own? 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). What is Western Midstream Partners' stock symbol? Western Midstream Partners trades on the New York Stock Exchange (NYSE) under the ticker symbol "WES." How do I buy shares of Western Midstream Partners? 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. Compare Top Brokerages Here. What is Western Midstream Partners' stock price today? One share of WES stock can currently be purchased for approximately $27.23. How much money does Western Midstream Partners make? Western Midstream Partners (NYSE:WES) has a market capitalization of $10.47 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. How many employees does Western Midstream Partners have? The company employs 1,217 workers across the globe. How can I contact Western Midstream Partners? 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. This page (NYSE:WES) was last updated on 10/1/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Western Midstream Partners, LP Please log in to your account or sign up in order to add this asset to your watchlist. 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