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Western Midstream Partners - WES Stock Forecast, Price & News

$25.89
+0.59 (+2.33%)
(As of 03/21/2023 10:27 AM ET)
Add
Compare
Today's Range
$25.66
$26.08
50-Day Range
$24.52
$28.57
52-Week Range
$21.95
$29.50
Volume
122,624 shs
Average Volume
1.11 million shs
Market Capitalization
$9.96 billion
P/E Ratio
8.63
Dividend Yield
7.72%
Price Target
$34.00

Western Midstream Partners MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.83 Rating Score
Upside/​Downside
30.7% Upside
$34.00 Price Target
Short Interest
Bearish
2.55% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.63mentions of Western Midstream Partners in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
14.19%
From $2.89 to $3.30 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.09 out of 5 stars

Oils/Energy Sector

24th out of 243 stocks

Natural Gas Transmission Industry

2nd out of 20 stocks


WES stock logo

About Western Midstream Partners (NYSE:WES) Stock

Western Midstream Partners LP engages in the ownership, operation, acquisition, and development of midstream energy assets. It engages in the business of gathering, processing, compressing, treating, and transporting natural gas, condensate, natural gas liquids, and crude oil for Anadarko, as well as third-party producers and customers. The company was founded in 2007 and is headquartered in The Woodlands, TX.

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WES Stock News Headlines

Lithium Could Be 2023's Next Big Surprise
Lithium is the hottest commodity for our green future
Lithium Could Be 2023's Next Big Surprise
Lithium is the hottest commodity for our green future
Western Midstream: Untapped Potential
Western Midstream Announces Third-Quarter 2022 Results
See More Headlines
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WES Company Calendar

Ex-Dividend for 2/13 Dividend
1/31/2023
Dividend Payable
2/13/2023
Last Earnings
2/22/2023
Today
3/21/2023
Next Earnings (Estimated)
5/09/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Natural gas transmission
Sub-Industry
N/A
Employees
1,217
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$34.00
High Stock Price Forecast
$37.00
Low Stock Price Forecast
$32.00
Forecasted Upside/Downside
+34.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.83
Research Coverage
6 Analysts

Profitability

Net Income
$1.22 billion
Pretax Margin
38.62%

Debt

Sales & Book Value

Annual Sales
$3.25 billion
Cash Flow
$4.69 per share
Book Value
$8.07 per share

Miscellaneous

Free Float
384,738,000
Market Cap
$9.74 billion
Optionable
Optionable
Beta
2.79

Key Executives

  • Michael P. Ure
    President, Chief Executive Officer & Director
  • Kristen S. Shults
    Chief Financial Officer & Senior Vice President
  • Mike A. DeHerrera
    VP-Technical Services & Operations Engineering
  • Catherine A. Green
    Chief Accounting Officer & Senior Vice President
  • Robert W. BourneRobert W. Bourne
    Chief Commercial Officer & Senior Vice President













WES Stock - Frequently Asked Questions

Should I buy or sell Western Midstream Partners stock right now?

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.

What is Western Midstream Partners' stock price forecast for 2023?

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.

How have WES shares performed in 2023?

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
.

Are investors shorting Western Midstream Partners?

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
.

When is Western Midstream Partners' next earnings date?

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

How were Western Midstream Partners' earnings last quarter?

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.

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, 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
.

What ETFs hold Western Midstream Partners' stock?
Is Western Midstream Partners a good dividend stock?

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.

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."

Who are Western Midstream Partners' major shareholders?

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
.

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 $25.30.

How much money does Western Midstream Partners make?

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.

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 3/21/2023 by MarketBeat.com Staff