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

$39.81
-0.15 (-0.38%)
(As of 07/26/2024 ET)
Today's Range
$39.44
$40.58
50-Day Range
$36.42
$42.74
52-Week Range
$25.69
$42.80
Volume
1.29 million shs
Average Volume
1.18 million shs
Market Capitalization
$15.15 billion
P/E Ratio
11.21
Dividend Yield
8.79%
Price Target
$32.56

Western Midstream Partners MarketRank™ Stock Analysis

Analyst Rating
Hold
2.08 Rating Score
Upside/​Downside
18.2% Downside
$32.56 Price Target
Short Interest
Bearish
3.72% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.80mentions of Western Midstream Partners in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-10.71%
From $4.11 to $3.67 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.20 out of 5 stars

Oils/Energy Sector

211th out of 248 stocks

Natural Gas Transmission Industry

15th out of 18 stocks

WES stock logo

About Western Midstream Partners Stock (NYSE:WES)

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. The company also buys and sells natural gas, NGLs, and condensate. It 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.

WES Stock Price History

WES Stock News Headlines

WES Aug 2024 27.000 put
J.P. Morgan’s DIRE Warning
When the largest bank in the U.S. says a crisis is coming - you NEED to listen. The Wall Street Journal warns, "America's bonds are getting harder to sell."
J.P. Morgan’s DIRE Warning
When the largest bank in the U.S. says a crisis is coming - you NEED to listen. The Wall Street Journal warns, "America's bonds are getting harder to sell."
See More Headlines
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Company Calendar

Ex-Dividend for 5/15 Dividend
4/30/2024
Last Earnings
5/08/2024
Dividend Payable
5/15/2024
Today
7/26/2024
Ex-Dividend for 8/14 Dividend
8/01/2024
Next Earnings (Confirmed)
8/07/2024
Dividend Payable
8/14/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Natural gas transmission
Sub-Industry
Utilities
Employees
1,377
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$32.56
High Stock Price Target
$39.00
Low Stock Price Target
$27.00
Potential Upside/Downside
-18.2%
Consensus Rating
Hold
Rating Score (0-4)
2.08
Research Coverage
12 Analysts

Profitability

Net Income
$1.02 billion
Pretax Margin
43.87%

Debt

Sales & Book Value

Annual Sales
$3.11 billion
Cash Flow
$4.19 per share
Book Value
$7.98 per share

Miscellaneous

Free Float
380,332,000
Market Cap
$15.15 billion
Optionable
Optionable
Beta
2.90
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Key Executives

  • Mr. Michael P. Ure (Age 46)
    President, CEO & Director - Western Midstream Holdings LLC
    Comp: $2.93M
  • Ms. Kristen S. Shults (Age 39)
    Senior VP & CFO - Western Midstream Holdings LLC
    Comp: $1.61M
  • Mr. Christopher B. Dial (Age 46)
    Senior VP, General Counsel & Corporate Secretary of Western Midstream Holdings, LLC
    Comp: $1.44M
  • Mr. Robert W. BourneMr. Robert W. Bourne (Age 68)
    Senior VP & Chief Commercial Officer of Western Midstream Holdings, LLC
    Comp: $1.48M
  • Mr. Alejandro O. Nebreda (Age 49)
    Senior Vice President of Business Services - Western Midstream Holdings LLC
    Comp: $1.41M
  • Ms. Catherine A. Green (Age 49)
    Senior VP & Chief Accounting Officer of Western Midstream Holdings, LLC
    Comp: $1.43M
  • Mr. Keith Herndon
    VP & Chief Information Officer
  • Mr. Daniel Edwards Jenkins IV
    Director of Investor Relations - Western Midstream Holdings LLC
  • Mr. Jonathan A. Greenberg
    Vice President of Corporate Development - Western Midstream Holdings LLC
  • Ms. Crystal J. Sled
    Senior VP of Human Capital Mgmt., Diversity, Equity, & Inclusion - Western Midstream Holdings LLC

WES Stock Analysis - Frequently Asked Questions

How have WES shares performed this year?

Western Midstream Partners' stock was trading at $29.26 at the beginning of the year. Since then, WES stock has increased by 36.1% and is now trading at $39.81.
View the best growth stocks for 2024 here
.

How were Western Midstream Partners' earnings last quarter?

Western Midstream Partners, LP (NYSE:WES) issued its quarterly earnings results on Wednesday, May, 8th. The pipeline company reported $1.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.85 by $0.62. The company's revenue for the quarter was up 20.9% compared to the same quarter last year.

Who are Western Midstream Partners' major shareholders?

Western Midstream Partners' top institutional investors include Chickasaw Capital Management LLC (1.76%), Raymond James Financial Services Advisors Inc. (0.10%), Catalyst Capital Advisors LLC (0.09%) and Adams Asset Advisors LLC (0.08%). Insiders that own company stock include Petroleum Corp /De/ Occidental, Robert W Bourne, Kenneth F Owen and Lisa A Stewart.
View institutional ownership trends
.

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Western Midstream Partners own?

Based on aggregate information from My MarketBeat watchlists, some other companies that 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) and Pfizer (PFE).

This page (NYSE:WES) was last updated on 7/27/2024 by MarketBeat.com Staff

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