Western Midstream Partners - WES Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Western Midstream Partners in the last year. There are currently 1 hold rating and 6 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.

7 brokers have issued 12 month target prices for Western Midstream Partners' stock. Their WES share price forecasts range from $28.00 to $35.00. On average, they predict the company's stock price to reach $31.00 in the next year. This suggests a possible upside of 32.1% 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 $22.27 at the beginning of the year. Since then, WES stock has increased by 5.3% and is now trading at $23.46.
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Western Midstream Partners saw a increase in short interest in August. As of August 15th, there was short interest totaling 7,890,000 shares, an increase of 19.2% from the July 31st total of 6,620,000 shares. Based on an average daily volume of 1,130,000 shares, the days-to-cover ratio is presently 7.0 days. Approximately 3.9% of the shares of the company are short sold.
View Western Midstream Partners' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 8th 2022.
View our WES earnings forecast.

Western Midstream Partners, LP (NYSE:WES) announced its quarterly earnings data on Tuesday, November, 9th. The pipeline company reported $0.61 EPS 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 net margin of 35.52% and a trailing twelve-month return on equity of 34.70%. During the same quarter last year, the business earned $0.55 earnings per share.

Western Midstream Partners announced a quarterly dividend on Thursday, July 21st. Shareholders of record on Monday, August 1st will be given a dividend of $0.50 per share on Friday, August 12th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 8.53%. The ex-dividend date of this dividend is Friday, July 29th.
Read our dividend analysis for WES.

Western Midstream Partners (NYSE:WES) pays an annual dividend of $2.00 per share and currently has a dividend yield of 8.36%. 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 58.48% 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 many different institutional and retail investors. Top institutional investors include Alps Advisors Inc. (6.26%), Tortoise Capital Advisors L.L.C. (3.71%), Chickasaw Capital Management LLC (2.27%), Goldman Sachs Group Inc. (2.16%), JPMorgan Chase & Co. (1.47%) and Clearbridge Investments LLC (1.25%). Insiders that own company stock include James R Crane, Michael Ure, 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 $23.46.

Western Midstream Partners (NYSE:WES) has a market capitalization of $9.07 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.

The company employs 1,127 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.