Western Midstream Partners Stock Forecast, Price & News

$22.07
-0.14 (-0.63 %)
(As of 06/23/2021 02:08 PM ET)
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Today's Range
$21.96
$22.31
50-Day Range
$19.10
$23.35
52-Week Range
$6.99
$23.69
Volume13,851 shs
Average Volume1.60 million shs
Market Capitalization$9.12 billion
P/E Ratio9.99
Dividend Yield5.62%
Beta3.94
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About Western Midstream Partners

Western Midstream Partners, LP, together with its subsidiaries, acquire, own, develop, and operate midstream assets primarily in the United States. It is involved in gathering, compressing, treating, processing, and transporting of natural gas; gathering, stabilizing, and transporting of condensate, natural gas liquids, and crude oil; and gathering and disposing of produced water. The company also buys and sells natural gas, NGLs, and condensate. 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. The company was founded in 2007 and is headquartered in The Woodlands, Texas. Western Midstream Partners, LP operates as a subsidiary of Occidental Petroleum Corporation.

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MarketRank

Overall MarketRank

2.14 out of 5 stars

Oils/Energy Sector

31st out of 689 stocks

Natural Gas Transmission Industry

5th out of 36 stocks

Analyst Opinion: 1.4Community Rank: 2.7Dividend Strength: 3.3Insider Behavior: 0.8Valuation: 2.5 5 -4 -3 -2 -1 -
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Western Midstream Partners (NYSE:WES) Frequently Asked Questions

Is Western Midstream Partners a buy right now?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Western Midstream Partners in the last year. There are currently 4 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Western Midstream Partners stock.
View analyst ratings for Western Midstream Partners
or view top-rated stocks.

What stocks does MarketBeat like better than Western Midstream Partners?

Wall Street analysts have given Western Midstream Partners a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Western Midstream Partners wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Western Midstream Partners?

Western Midstream Partners saw a decrease in short interest in the month of May. As of May 28th, there was short interest totaling 3,850,000 shares, a decrease of 14.1% from the May 13th total of 4,480,000 shares. Based on an average trading volume of 1,400,000 shares, the short-interest ratio is currently 2.8 days. Currently, 1.9% of the shares of the company are sold short.
View Western Midstream Partners' Short Interest
.

When is Western Midstream Partners' next earnings date?

Western Midstream Partners is scheduled to release its next quarterly earnings announcement on Monday, August 9th 2021.
View our earnings forecast for Western Midstream Partners
.

How were Western Midstream Partners' earnings last quarter?

Western Midstream Partners, LP (NYSE:WES) announced its quarterly earnings data on Monday, May, 10th. The pipeline company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.54 by $0.10. The pipeline company had revenue of $674.97 million for the quarter, compared to the consensus estimate of $637.44 million. Western Midstream Partners had a net margin of 35.91% and a trailing twelve-month return on equity of 33.71%. The firm's revenue for the quarter was down 12.8% on a year-over-year basis. During the same period last year, the company posted ($0.57) EPS.
View Western Midstream Partners' earnings history
.

How has Western Midstream Partners' stock been impacted by COVID-19 (Coronavirus)?

Western Midstream Partners' stock was trading at $6.70 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, WES shares have increased by 230.7% and is now trading at $22.16.
View which stocks have been most impacted by COVID-19
.

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 Wednesday, April 21st. Shareholders of record on Friday, April 30th will be paid a dividend of $0.315 per share on Friday, May 14th. This represents a $1.26 annualized dividend and a yield of 5.69%. The ex-dividend date of this dividend is Thursday, April 29th.
View Western Midstream Partners' dividend history
.

Is Western Midstream Partners a good dividend stock?

Western Midstream Partners pays an annual dividend of $1.26 per share and currently has a dividend yield of 5.62%. WES has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Western Midstream Partners does not yet have a strong track record of dividend growth. The dividend payout ratio of Western Midstream Partners is 49.41%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Western Midstream Partners will have a dividend payout ratio of 51.64% next year. This indicates that Western Midstream Partners will be able to sustain or increase its dividend.
View Western Midstream Partners' dividend history.

What price target have analysts set for WES?

14 equities research analysts have issued 1-year price objectives for Western Midstream Partners' stock. Their forecasts range from $12.00 to $26.00. On average, they anticipate Western Midstream Partners' share price to reach $20.27 in the next year. This suggests that the stock has a possible downside of 8.5%.
View analysts' price targets for Western Midstream Partners
or view top-rated stocks among Wall Street analysts.

Who are Western Midstream Partners' key executives?

Western Midstream Partners' management team includes the following people:
  • Mr. Michael P. Ure, Pres, CEO & Director - Western Midstream Holdings LLC (Age 44, Pay $1.3M)
  • Mr. Craig W. Collins, Sr. VP & COO - Western Midstream Holdings LLC (Age 48, Pay $873.92k)
  • Mr. Charles G. Griffie, Sr. VP of Operations & Engineering - Western Midstream Holdings LLC (Age 47, Pay $767.13k)
  • Mr. Robert W. Bourne, Sr. VP & Chief Commercial Officer - Western Midstream Holdings LLC (Age 65, Pay $772.92k)
  • Ms. Kristen S. Shults, Head of IR and Sr. VP of Fin. & Communications - Western Midstream Holdings LLC
  • Ms. Catherine A. Green, Sr. VP & Chief Accounting Officer - Western Midstream Holdings LLC (Age 47)
  • Mr. Neeraj Vijay, VP & Chief Information Officer of Western Midstream Holdings, LLC
  • Mr. Christopher B. Dial, Sr. VP, Gen. Counsel & Corp. Sec. of Western Midstream Holdings, LLC (Age 43)
  • Ms. Crystal J. Sled, Sr. VP of Human Capital Mgmt., Diversity, Equity, & Inclusion - Western Midstream Holdings LLC
  • Mr. Alejandro O. Nebreda, Sr. VP of Bus. Services - Western Midstream Holdings LLC

Who are some of Western Midstream Partners' key competitors?

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 many different retail and institutional investors. Top institutional investors include Alps Advisors Inc. (6.44%), Blackstone Group Inc. (4.40%), Tortoise Capital Advisors L.L.C. (3.33%), Neuberger Berman Group LLC (3.00%), Chickasaw Capital Management LLC (2.35%) and Credit Suisse AG (1.55%). Company insiders that own Western Midstream Partners stock include David J Tudor, James R Crane, Michael Ure and Petroleum Corp /De/ Occidental.
View institutional ownership trends for Western Midstream Partners
.

Which major investors are selling Western Midstream Partners stock?

WES stock was sold by a variety of institutional investors in the last quarter, including Citigroup Inc., Morgan Stanley, Barclays PLC, UBS Group AG, JPMorgan Chase & Co., Neuberger Berman Group LLC, Zimmer Partners LP, and Kayne Anderson Capital Advisors LP.
View insider buying and selling activity for Western Midstream Partners
or view top insider-selling stocks.

Which major investors are buying Western Midstream Partners stock?

WES stock was acquired by a variety of institutional investors in the last quarter, including Tortoise Capital Advisors L.L.C., Blackstone Group Inc., Chickasaw Capital Management LLC, Credit Suisse AG, Goldman Sachs Group Inc., Berkley W R Corp, Alps Advisors Inc., and Jennison Associates LLC. Company insiders that have bought Western Midstream Partners stock in the last two years include James R Crane, and Michael Ure.
View insider buying and selling activity for Western Midstream Partners
or or view top insider-buying stocks.

How do I buy shares of Western Midstream Partners?

Shares of WES 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 $22.16.

How much money does Western Midstream Partners make?

Western Midstream Partners has a market capitalization of $9.15 billion and generates $2.77 billion in revenue each year. The pipeline company earns $527.01 million in net income (profit) each year or $2.55 on an earnings per share basis.

How many employees does Western Midstream Partners have?

Western Midstream Partners employs 1,045 workers across the globe.

What is Western Midstream Partners' official website?

The official website for Western Midstream Partners is www.westernmidstream.com.

Where are Western Midstream Partners' headquarters?

Western Midstream Partners is headquartered at 9950 WOODLOCH FOREST DRIVE, THE WOODLANDS TX, 77380.

How can I contact Western Midstream Partners?

Western Midstream Partners' mailing address is 9950 WOODLOCH FOREST DRIVE, THE WOODLANDS TX, 77380. The pipeline company can be reached via phone at 832-636-1009 or via email at [email protected]


This page was last updated on 6/23/2021 by MarketBeat.com Staff
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