S&P 500   4,305.20
DOW   34,152.01
QQQ   332.28
Companies facing 1st tax on stock buybacks in Biden bill
WARNING: Do You Invest with these Banks (Ad)pixel
Home Depot Results Point To Sluggish 2nd Half
Walmart Leads Retail Higher But Will The Group Follow? 
What's in big Biden bill? Health, climate goals become law
WARNING: Do You Invest with these Banks (Ad)pixel
Biden to sign massive climate and health care legislation
Stocks edge mostly higher on Wall Street; Walmart lifts Dow
US futures turn around on strong performance from retailers
Trading Millionaire Reveals, “2008 Was My Most Profitable Year” (Ad)
S&P 500   4,305.20
DOW   34,152.01
QQQ   332.28
Companies facing 1st tax on stock buybacks in Biden bill
WARNING: Do You Invest with these Banks (Ad)pixel
Home Depot Results Point To Sluggish 2nd Half
Walmart Leads Retail Higher But Will The Group Follow? 
What's in big Biden bill? Health, climate goals become law
WARNING: Do You Invest with these Banks (Ad)pixel
Biden to sign massive climate and health care legislation
Stocks edge mostly higher on Wall Street; Walmart lifts Dow
US futures turn around on strong performance from retailers
Trading Millionaire Reveals, “2008 Was My Most Profitable Year” (Ad)
S&P 500   4,305.20
DOW   34,152.01
QQQ   332.28
Companies facing 1st tax on stock buybacks in Biden bill
WARNING: Do You Invest with these Banks (Ad)pixel
Home Depot Results Point To Sluggish 2nd Half
Walmart Leads Retail Higher But Will The Group Follow? 
What's in big Biden bill? Health, climate goals become law
WARNING: Do You Invest with these Banks (Ad)pixel
Biden to sign massive climate and health care legislation
Stocks edge mostly higher on Wall Street; Walmart lifts Dow
US futures turn around on strong performance from retailers
Trading Millionaire Reveals, “2008 Was My Most Profitable Year” (Ad)
S&P 500   4,305.20
DOW   34,152.01
QQQ   332.28
Companies facing 1st tax on stock buybacks in Biden bill
WARNING: Do You Invest with these Banks (Ad)pixel
Home Depot Results Point To Sluggish 2nd Half
Walmart Leads Retail Higher But Will The Group Follow? 
What's in big Biden bill? Health, climate goals become law
WARNING: Do You Invest with these Banks (Ad)pixel
Biden to sign massive climate and health care legislation
Stocks edge mostly higher on Wall Street; Walmart lifts Dow
US futures turn around on strong performance from retailers
Trading Millionaire Reveals, “2008 Was My Most Profitable Year” (Ad)

Western Midstream Partners - WES Stock Forecast, Price & News

$28.30
+0.63 (+2.28%)
(As of 08/16/2022 12:00 AM ET)
Add
Compare
Today's Range
$27.60
$28.51
50-Day Range
$22.54
$28.56
52-Week Range
$18.09
$29.50
Volume
480,967 shs
Average Volume
1.26 million shs
Market Capitalization
$10.94 billion
P/E Ratio
10.56
Dividend Yield
7.23%
Price Target
$31.00

Western Midstream Partners MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.86 Rating Score
Upside/​Downside
9.5% Upside
$31.00 Price Target
Short Interest
Healthy
3.14% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Selling Shares
$252.50 M Sold Last Quarter
Proj. Earnings Growth
8.04%
From $3.11 to $3.36 Per Share

Overall MarketRank

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

2.25 out of 5 stars

Oils/Energy Sector

67th out of 257 stocks

Natural Gas Transmission Industry

5th out of 19 stocks

WES stock logo

About Western Midstream Partners (NYSE:WES) Stock

Western Midstream Partners, LP, a midstream energy company, together with its subsidiaries, acquires, owns, develops, and operates 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.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on WES shares. Barclays raised their price target on Western Midstream Partners from $29.00 to $31.00 and gave the stock an "overweight" rating in a report on Wednesday, July 20th. Morgan Stanley lifted their target price on Western Midstream Partners from $31.00 to $35.00 and gave the company an "overweight" rating in a report on Wednesday, July 20th. Wolfe Research assumed coverage on shares of Western Midstream Partners in a report on Monday, August 1st. They issued a "peer perform" rating on the stock. Mizuho boosted their price objective on shares of Western Midstream Partners from $31.00 to $32.00 in a research note on Friday, May 13th. Finally, StockNews.com cut shares of Western Midstream Partners from a "strong-buy" rating to a "buy" rating in a research note on Friday, July 22nd. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $31.00.

Western Midstream Partners Stock Up 2.3 %

WES Stock opened at $28.30 on Wednesday. The company's 50 day moving average is $25.73 and its 200 day moving average is $25.62. The stock has a market cap of $10.94 billion, a price-to-earnings ratio of 10.56 and a beta of 3.09. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 2.01. Western Midstream Partners has a 1-year low of $18.09 and a 1-year high of $29.50.

Western Midstream Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 12th. Stockholders of record on Monday, August 1st were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 7.07%. The ex-dividend date of this dividend was Friday, July 29th. Western Midstream Partners's dividend payout ratio (DPR) is currently 74.63%.

Insider Transactions at Western Midstream Partners

In related news, major shareholder Petroleum Corp /De/ Occidental sold 10,000,000 shares of the stock in a transaction on Thursday, July 21st. The stock was sold at an average price of $25.25, for a total value of $252,500,000.00. Following the transaction, the insider now owns 190,281,578 shares of the company's stock, valued at $4,804,609,844.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Western Midstream Partners news, major shareholder Petroleum Corp /De/ Occidental sold 10,000,000 shares of the company's stock in a transaction that occurred on Thursday, July 21st. The stock was sold at an average price of $25.25, for a total value of $252,500,000.00. Following the completion of the sale, the insider now owns 190,281,578 shares of the company's stock, valued at $4,804,609,844.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Robert W. Bourne purchased 2,500 shares of the firm's stock in a transaction on Friday, June 17th. The shares were acquired at an average cost of $22.90 per share, for a total transaction of $57,250.00. Following the completion of the purchase, the senior vice president now directly owns 34,400 shares of the company's stock, valued at approximately $787,760. The disclosure for this purchase can be found here. 0.04% of the stock is currently owned by insiders.

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.

WES Stock News Headlines

Western Midstream Partners LP - Stock News
Analyst Ratings for Western Midstream
4 Top-Rated Energy Stocks With Huge Momentum
WES Western Midstream Partners, LP
7 Analysts Have This to Say About Western Midstream
Western Midstream: New Deals Speed Up Growth
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.

WES Company Calendar

Last Earnings
11/09/2021
Ex-Dividend for 8/12 Dividend
7/29/2022
Dividend Payable
8/12/2022
Today
8/17/2022
Next Earnings (Estimated)
11/08/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Natural gas transmission
Sub-Industry
N/A
Employees
1,127
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$31.00
High Stock Price Forecast
$35.00
Low Stock Price Forecast
$28.00
Forecasted Upside/Downside
+9.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.86
Research Coverage
7 Analysts

Profitability

Net Income
$916.29 million
Pretax Margin
36.51%

Debt

Sales & Book Value

Annual Sales
$2.88 billion
Cash Flow
$3.62 per share
Book Value
$7.49 per share

Miscellaneous

Free Float
386,295,000
Market Cap
$10.94 billion
Optionable
Optionable
Beta
3.09

Key Executives

  • Mr. Michael P. Ure (Age 45)
    Pres, CEO & Director - Western Midstream Holdings LLC
    Comp: $1.3M
  • Mr. Craig W. Collins (Age 49)
    Sr. VP & COO of Western Midstream Holdings, LLC
    Comp: $873.92k
  • Mr. Charles G. Griffie (Age 48)
    Sr. VP of Operations & Engineering - Western Midstream Holdings LLC
    Comp: $767.13k
  • Mr. Robert W. Bourne (Age 66)
    Sr. VP & Chief Commercial Officer of Western Midstream Holdings, LLC
    Comp: $772.92k
  • Ms. Kristen S. Shults
    SVP, CFO, Head of IR and Sr. VP of Fin. & Communications - Western Midstream Holdings LLC
  • Ms. Catherine A. Green (Age 48)
    Sr. VP & Chief Accounting Officer of Western Midstream Holdings, LLC
  • Mr. Christopher B. Dial (Age 45)
    Sr. VP, Gen. Counsel & Corp. Sec. of Western Midstream Holdings, LLC
  • Mr. Jonathan A. Greenberg
    VP of Corp. Devel. - Western Midstream Holdings LLC
  • 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













WES Stock - Frequently Asked Questions

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

7 Wall Street 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 6 buy ratings for the stock. The consensus among Wall Street 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 2022?

7 brokers have issued 1 year price objectives for Western Midstream Partners' shares. Their WES share price forecasts range from $28.00 to $35.00. On average, they expect the company's stock price to reach $31.00 in the next year. This suggests a possible upside of 9.5% 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 2022?

Western Midstream Partners' stock was trading at $22.27 on January 1st, 2022. Since then, WES stock has increased by 27.1% and is now trading at $28.30.
View the best growth stocks for 2022 here
.

When is Western Midstream Partners' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 8th 2022.
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, November, 9th. The pipeline company reported $0.61 earnings per share for the quarter, missing analysts' consensus estimates of $0.63 by $0.02. The pipeline company earned $763.84 million during the quarter. Western Midstream Partners had a trailing twelve-month return on equity of 34.70% and a net margin of 35.52%. During the same quarter in the prior year, the company earned $0.55 EPS.

How often does Western Midstream Partners pay dividends? What is the dividend yield for Western Midstream Partners?

Western Midstream Partners announced a quarterly dividend on Thursday, July 21st. Shareholders of record on Monday, August 1st will be paid a dividend of $0.50 per share on Friday, August 12th. This represents a $2.00 annualized dividend and a yield of 7.07%. The ex-dividend date of this dividend is Friday, July 29th.
Read our dividend analysis for WES
.

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 7.23%. 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 74.63%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WES will have a dividend payout ratio of 59.52% 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 many different institutional and retail investors. Top institutional shareholders include Alps Advisors Inc. (6.26%), Tortoise Capital Advisors L.L.C. (3.71%), Chickasaw Capital Management LLC (2.27%), JPMorgan Chase & Co. (1.47%), Clearbridge Investments LLC (1.25%) and Mirae Asset Global Investments Co. Ltd. (1.00%). Insiders that own company stock include David J Tudor, James R Crane, Michael Ure, 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 $28.30.

How much money does Western Midstream Partners make?

Western Midstream Partners (NYSE:WES) has a market capitalization of $10.94 billion and generates $2.88 billion in revenue each year. The pipeline company earns $916.29 million in net income (profit) each year or $2.68 on an earnings per share basis.

How many employees does Western Midstream Partners have?

The company employs 1,127 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 8/17/2022 by MarketBeat.com Staff

MarketBeat Resources

Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms
Details Here
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau MarketBeat is rated as Great on TrustPilot

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | contact@marketbeat.com | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart's disclaimer.