Western Midstream Partners - WES Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Western Midstream Partners in the last twelve months. There are currently 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" WES shares.
View WES analyst ratings or view top-rated stocks.

6 Wall Street analysts have issued 1-year target prices for Western Midstream Partners' stock. Their WES share price forecasts range from $32.00 to $37.00. On average, they predict the company's stock price to reach $34.00 in the next year. This suggests a possible upside of 34.4% from the stock's current price.
View analysts price targets for WES or view top-rated stocks among Wall Street analysts.

Western Midstream Partners' stock was trading at $26.85 on January 1st, 2023. Since then, WES stock has decreased by 5.8% and is now trading at $25.30.
View the best growth stocks for 2023 here.

Western Midstream Partners saw a increase in short interest in February. As of February 28th, there was short interest totaling 4,920,000 shares, an increase of 20.0% from the February 13th total of 4,100,000 shares. Based on an average trading volume of 983,900 shares, the short-interest ratio is currently 5.0 days. Approximately 2.6% of the company's stock are sold short.
View Western Midstream Partners' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 9th 2023.
View our WES earnings forecast.

Western Midstream Partners, LP (NYSE:WES) released its quarterly earnings results on Wednesday, February, 22nd. The pipeline company reported $0.85 EPS for the quarter, topping analysts' consensus estimates of $0.72 by $0.13. The pipeline company had revenue of $779.40 million for the quarter, compared to analyst estimates of $800.50 million. Western Midstream Partners had a net margin of 37.22% and a trailing twelve-month return on equity of 38.15%. The business's quarterly revenue was up 8.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.58 EPS.

Western Midstream Partners declared a quarterly dividend on Friday, January 20th. Stockholders of record on Wednesday, February 1st will be paid a dividend of $0.50 per share on Monday, February 13th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 7.91%. The ex-dividend date of this dividend is Tuesday, January 31st.
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), First Trust Natural Gas ETF (FCG), Global X MLP ETF (MLPA), USCF Midstream Energy Income Fund (UMI), VanEck Energy Income ETF (EINC), Global X MLP & Energy Infrastructure ETF (MLPX) and Alerian Energy Infrastructure ETF (ENFR).

Western Midstream Partners (NYSE:WES) pays an annual dividend of $2.00 per share and currently has a dividend yield of 7.90%. WES has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 66.67%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WES will have a dividend payout ratio of 60.61% 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 number of retail and institutional investors. Top institutional shareholders include Alps Advisors Inc. (6.61%), Tortoise Capital Advisors L.L.C. (3.28%), Neuberger Berman Group LLC (2.33%), Chickasaw Capital Management LLC (1.98%), Clearbridge Investments LLC (1.28%) and JPMorgan Chase & Co. (1.19%). Insiders that own company stock include Petroleum Corp /De/ Occidental and Robert W Bourne.
View institutional ownership trends.

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 $25.30.

Western Midstream Partners (NYSE:WES) has a market capitalization of $9.74 billion and generates $3.25 billion in revenue each year. The pipeline company earns $1.22 billion in net income (profit) each year or $3.00 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.